The European Automobile Manufacturers Association (ACEA) criticised the European Commission’s proposed 2030 targets for electric vehicles (EVs), calling them “completely unrealistic”…
Cap hpi: Cars increasingly sold with outstanding finance
The number of cars sold with finance still owed on them rose to one in three in the first four months of 2018, up from one in four during 2017, vehicle history database HPI has said.…
FLA: Retail car finance business down 5% in March
Retail car finance business in March fell 5% year-on-year to £4.8bn (€5.4bn), figures from the Finance and Leasing Association (FLA) have shown.…
Close Brothers survey: Brexit making car buyers cautious
Just under a quarter of recent car buyers used finance for their purchase, a rate that will remain stable for the near future, according to a Close Brothers Motor Finance survey.…
Rating agencies warn on early termination of longer PCPs
The UK’s PCP market is under pressure from a rise in voluntary terminations (VTs), rating agencies Moody’s and DBRS have said in separate notes.…
Bank of England: Secured lending stable in Q1
The availability of secured lending to households remained stable in the first quarter of 2018, the Bank of England (BoE)’s quarterly credit conditions survey has shown. …
FLA: Consumer car finance sees healthy 13% growth in February
POS consumer car finance grew 13% year-on-year in February, reaching £2.3bn in value, figures from the Finance and Leasing Association (FLA) have shown.…
SMMT: March marks 12th consecutive fall in registrations
A 15% fall in new car sales in March marked the 12th consecutive month of declining car sales, according to the SMMT. The 474,069 cars …
Used car values see steady rise in first quarter: cap hpi
Average used car values have seen an year-on-year rise of 0.4% in March and 1.2% in the year-to-date, according to cap hpi.…
FLA: New car finance continues to shrink in January
The total number of new cars sold on finance shrank 4%, year-on-year in January, to 61,204, Finance & Leasing Association (FLA) figures have shown. Despite …