| Jun 2014 |
% change
on Jun 13
|
3 mths to
Jun 14
|
% change on
prev. year
|
12 mths to
Jun 14
|
% change on
prev. year
| |
|---|---|---|---|---|---|---|
| Total FLA asset finance (£m) | 2,162 | +6 | 6,203 | +7 | 23,478 | +8 |
| Total excluding high value (£m) | 2,132 | +13 | 6,064 | +8 | 22,875 | +9 |
| Data Extracts: | ||||||
| Plant and machinery finance (£m) | 495 | +16 | 1,359 | +17 | 4,893 | +14 |
| Commercial vehicle finance (£m) | 488 | +5 | 1,448 | +17 | 5,641 | +19 |
| IT equipment finance (£m) | 188 | -3 | 368 | -24 | 1,458 | -1 |
| Business equipment finance (£m) | 224 | -1 | 564 | -3 | 1,999 | +4 |
| Car finance (£m) | 604 | +6 | 1,881 | +2 | 6,909 | +3 |
| Aircraft, ships and rolling stock finance (£m) | 9 | -60 | 61 | -8 | 269 | -43 |
At the same time FLA members report that consumer new car finance volumes grew by 9% in June, and by 15% in the first six months of 2014. The percentage of private new car sales financed by FLA members in the twelve months to June 2014 was 75.2%, up from 75.0% in May.
In June, the consumer used car finance sector reported its best performance of the second quarter with new volumes up by 22% compared with the same month last year. Volumes in the first half of 2014 grew by 18%.
Kilkelly said: “The first half of 2014 has seen strong performances in both the consumer new and used car finance sectors. The last six months have also seen the FLA’s penetration rate maintained at around three quarters of all private new car sales in the UK which shows how popular point-of-sale credit is with new car buyers.”
Cars bought on finance by consumers through dealerships
| Jun-14 |
% change on
prev. year
|
3 months to
June 2014
|
% change on
prev. year
|
12 months to
June 2014
|
% change on
prev. year
| |
|---|---|---|---|---|---|---|
| New cars | ||||||
| Value of advances (£m) | 1,153 | +14 | 3,331 | +13 | 13,236 | +22 |
| Number of cars | 72,726 | +9 | 211,179 | +7 | 858,334 | +15 |
| Used cars | ||||||
| Value of advances (£m) | 909 | +28 | 2,710 | +21 | 9,901 | +26 |
| Number of cars | 90,367 | +22 | 269,036 | +14 | 999,948 | +19 |
| Jun-14 |
% change on
prev. year
|
3 months to
June 2014
|
% change on
prev. year
|
12 months to
June 2014
|
% change on
prev. year
| |
|---|---|---|---|---|---|---|
| New cars | ||||||
| Number of cars | 35,686 | 0 | 111,582 | -2 | 418,445 | +5 |
| Used cars | ||||||
| Number of cars | 3,568 | -26 | 11,155 | -16 | 45,662 | -29 |
