Consumer car finance new business volumes grew by 1% in February 2024

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in February 2024 by 1% compared with the same month in 2023. The corresponding value of new business was at a similar level to February 2023. In the first two months of 2024, new business by value and volume each fell by 1% compared with the same period in 2023.

Consumer car finance new business volumes grew by 1% in February 2024

Apr 09, 2024

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in February 2024 by 1% compared with the same month in 2023. The corresponding value of new business was at a similar level to February 2023. In the first two months of 2024, new business by value and volume each fell by 1% compared with the same period in 2023.

Asset finance new business grew by 10% in February 2024

Total asset finance new business (primarily leasing and hire purchase) grew in February 2024 by 10% compared with the same month in 2023, according to new figures released today by the Finance & Leasing Association (FLA). In the first two months of 2024, new business was 9% higher than in the same period in 2023.

Asset finance new business grew by 10% in February 2024

Apr 09, 2024

Total asset finance new business (primarily leasing and hire purchase) grew in February 2024 by 10% compared with the same month in 2023, according to new figures released today by the Finance & Leasing Association (FLA). In the first two months of 2024, new business was 9% higher than in the same period in 2023.

Percentage of small businesses investing in growth initiatives hits three-year low

The percentage of UK small businesses considering new projects to achieve business growth (66%) has fallen to its lowest level since January 2021, according to new research by Novuna Business Finance. Further, the Novuna study suggests the businesses that need to improve their fortunes most urgently are the very enterprises stepping back from investing in new growth initiatives.

Percentage of small businesses investing in growth initiatives hits three-year low

Mar 27, 2024

The percentage of UK small businesses considering new projects to achieve business growth (66%) has fallen to its lowest level since January 2021, according to new research by Novuna Business Finance. Further, the Novuna study suggests the businesses that need to improve their fortunes most urgently are the very enterprises stepping back from investing in new growth initiatives.

Corporate insolvencies rise in February 2024

Corporate insolvency levels rose 73.3% from pre-pandemic levels last month, while personal insolvency levels rose 22.4% during the same period, according to new statistics from the Insolvency Service. Corporate insolvencies increased by 18.5% in February 2024 to a total of 2,102 compared to January's total of 1,774 and increased by 16.7% compared to February 2023's figure of 1,801.

Corporate insolvencies rise in February 2024

Mar 15, 2024

Corporate insolvency levels rose 73.3% from pre-pandemic levels last month, while personal insolvency levels rose 22.4% during the same period, according to new statistics from the Insolvency Service. Corporate insolvencies increased by 18.5% in February 2024 to a total of 2,102 compared to January's total of 1,774 and increased by 16.7% compared to February 2023's figure of 1,801.

Consumer car finance new business volumes fell by 3% in January 2024

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in January 2024 by 3% compared with the same month in 2023. The corresponding value of new business also fell by 3% over the same period. In the twelve months to January 2024, new business by value and volume decreased by 5% and 6% respectively, compared with the same period in 2023.

Consumer car finance new business volumes fell by 3% in January 2024

Mar 08, 2024

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in January 2024 by 3% compared with the same month in 2023. The corresponding value of new business also fell by 3% over the same period. In the twelve months to January 2024, new business by value and volume decreased by 5% and 6% respectively, compared with the same period in 2023.

Asset finance new business grew by 8% in January 2024

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in January 2024 by 8% compared with the same month in 2023. In the twelve months to January 2024, new business was 12% higher than in the same period in 2023.

Asset finance new business grew by 8% in January 2024

Mar 08, 2024

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in January 2024 by 8% compared with the same month in 2023. In the twelve months to January 2024, new business was 12% higher than in the same period in 2023.

FLA members provided £151 billion of new business in 2023

New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £151 billion of new business in 2023, 1% higher than in 2022.

FLA members provided £151 billion of new business in 2023

Feb 20, 2024

New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided a record £151 billion of new business in 2023, 1% higher than in 2022.

Consumer car finance new business volumes fell by 8% in December 2023

The Finance & Leasing Association (FLA) has today reported new figures showing that consumer car finance new business volumes fell in December 2023 by 8% compared with the same month in 2022. The corresponding value of new business was also 8% lower over the same period. In 2023 as a whole, new business by value and volume decreased by 5% and 6% respectively, compared with 2022.

Consumer car finance new business volumes fell by 8% in December 2023

Feb 13, 2024

The Finance & Leasing Association (FLA) has today reported new figures showing that consumer car finance new business volumes fell in December 2023 by 8% compared with the same month in 2022. The corresponding value of new business was also 8% lower over the same period. In 2023 as a whole, new business by value and volume decreased by 5% and 6% respectively, compared with 2022.

Asset finance new business fell by 1% in December 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell in December 2023 by 1% compared with the same month in 2022. However, in 2023, as a whole, new business was 12% higher than in the same period in 2022, reaching a record £38 billion.

Asset finance new business fell by 1% in December 2023

Feb 13, 2024

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell in December 2023 by 1% compared with the same month in 2022. However, in 2023, as a whole, new business was 12% higher than in the same period in 2022, reaching a record £38 billion.

Consumer car finance new business volumes fell by 7% in November 2023

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in November 2023 by 7% compared with the same month in 2022. The corresponding value of new business was 5% lower over the same period. In the eleven months to November 2023, new business volumes were 6% lower than in the same period in 2022.

Consumer car finance new business volumes fell by 7% in November 2023

Jan 16, 2024

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in November 2023 by 7% compared with the same month in 2022. The corresponding value of new business was 5% lower over the same period. In the eleven months to November 2023, new business volumes were 6% lower than in the same period in 2022.

Asset finance new business grew by 12% in November 2023

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in November 2023 by 12% compared with the same month in 2022. In the eleven months to November 2023, new business was 13% higher than in the same period in 2022.

Asset finance new business grew by 12% in November 2023

Jan 16, 2024

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in November 2023 by 12% compared with the same month in 2022. In the eleven months to November 2023, new business was 13% higher than in the same period in 2022.