Lower car finance volumes dragged on consumer credit in September, data from the Bank of England (BoE) has shown, as a drop in new car sales resulted in smaller demand for finance.…
BVRLA quarterly survey shows improved emissions for fleet
The fleet sector saw an year-in-year reduction in average emissions levels in the second quarter of 2018, contrasting the wider national trend, the quarterly survey from the British Vehicle Rental and…
FLA: Point-of-sale car finance volumes up 6% in July
Point-of-sale finance for car finance grew 6% year-on-year to 194,000 vehicles in July, FLA figures show, keeping the sector on a growth trajectory despite stale sales in new car retail.…
Dealer finance could get boost in rising-rate environment – Sword Apak
Dealer finance could benefit from an increase in demand as rising base rates make it the most convenient option for buying a car, according to Sword Apak.…
Used car price tags rise in July as premium brands flatten out – Auto Trader
Average price tags for used cars from volume makers rose 8% year-on-year in July as the price point for second-hand premium vehicles flattened out, according to Auto Trader’s monthly Retail Pric…
Used car finance holds steady in Q2 as retail sales flatten
Used car finance volumes saw healthy double-digit growth in Q2, despite used retail sales keeping flat around the 2.1m mark over the same period, according to the FLA and SMMT.…
SMMT: steady 1.2% growth in new car sales in July
The number of new cars sold in Britain grew 1.2% year-on-year to just under 164,000 in July, according to figures from the Society of Motor Manufacturers and Traders.…
UK car finance payments hit £1bn a month, Kwik Fit finds
Car finance payments across the UK bring in £1bn every month, research commissioned by Kwik Fit has found, with the average payment standing at £226.12.…
ACEA: EU car registrations up 2.9% in first half of 2018
Passenger car registrations across the European Union grew 2.9% year-on-year in the first half of 2018, reaching 8.4m vehicles, according to the European Automobile Manufacturers Association.…
ACEA says EU targets over EVs “unrealistic”
The European Automobile Manufacturers Association (ACEA) criticised the European Commission’s proposed 2030 targets for electric vehicles (EVs), calling them “completely unrealistic”…