Figures from the Finance & Leasing Association show that the consumer car finance market reported new business volumes up in December 2021 by 2% compared with the same month in 2020. In 2021 as a whole, new business volumes grew by 9% compared with 2020 to almost 2.1 million cars financed, but remained 14% lower than in 2019. The consumer new car finance market reported new business up 11% … [Read more...]
Government urged to boost business with short hires
Affordable leasing and short-term hire options are essential for logistics businesses to acquire the vital plant and machinery they need for their operations, according to Logistics UK, one of the UK’s biggest business groups. Logistics UK joined six other groups in writing to the Chancellor of the Exchequer, Rishi Sunak MP, to urge him to extend the eligibility criteria for the … [Read more...]
Newslines 16 March
The new generation of BMW iDrive takes the interaction between driver and vehicle into a digital future where many areas of life are getting increasingly smart. The new interpretation of BMW’s operating system equips the vehicle to actively engage with those on board with the aim of precisely tailoring all the functions controlled via BMW iDrive to the driver’s needs and preferences as the … [Read more...]
Lenders optimistic for 2021 despite sales slowdown
The Q1 2021 Industry Outlook Survey by the Finance & Leasing Association shows that the asset finance, consumer finance and motor finance industry see opportunities for growth over the next year despite the heightened uncertainty caused by the latest restrictions to deal with the Covid-19 pandemic and the UK's lowest January registrations for 50 years. Respondents were divided on the outlook … [Read more...]
Lenders worried over extension of deferred loans
Helping customers through this difficult period remains a priority for lenders, but with more parts of the economy reopening, lenders also have a responsibility to transition customers back to regular payments where possible, said Stephen Haddrill, Director General of the Finance & Leasing Association. Commenting on the publication of new proposals from the Financial Conduct Authority to … [Read more...]