UK asset finance market grows by 11% in first quarter of 2019

Asset finance new business (primarily leasing and hire purchase) grew by 11% during Q1 2019 compared to the same period last year, according to new figures released today by the Finance & Leasing Association (FLA). New finance for manufacturing and construction equipment increased by 25% and 26% respectively, compared to Q1 2018. The growth followed a strong market in March, which grew by 11% year-on-year, with including particularly high growth in commercial vehicle finance and IT equipment finance sectors.

UK asset finance market grows by 11% in first quarter of 2019

May 10, 2019

Asset finance new business (primarily leasing and hire purchase) grew by 11% during Q1 2019 compared to the same period last year, according to new figures released today by the Finance & Leasing Association (FLA). New finance for manufacturing and construction equipment increased by 25% and 26% respectively, compared to Q1 2018. The growth followed a strong market in March, which grew by 11% year-on-year, with including particularly high growth in commercial vehicle finance and IT equipment finance sectors.

Bynx Pricing Reviews

Bynx - Asset Finance Pricing Review - Nordic leasing market warms up

Jan 30, 2019

      AVAILABLE NOW, FREE OF CHARGE Professor Colin Tourick points out, while it can be easy to see the advantages digital offerings have for consumers, it can be harder for leasing companies and lenders to spot their competitive advantage.  Our lead article is about the Nordic region. This has often been in the shadow of other, bigger, European markets but which is starting to show signs of more vigorous activity.  The biggest shadow over Europe is the UK’s departure from the EU. Meanwhile France is one of several countries to see protests against proposed hikes in fuel prices to counter environmental concerns. Ford and Jaguar Land Rover announced job cuts as manufacturers adjust to the decline in petrol-engine car sales. As well as the switch to alternative fuels, OEMs, fleet managers and lenders must respond to the pressure to do business digitally, a further challenge in a world which is already in a state of flux. The latest stats from Experteye’s European Leasing Index Report.   CONTRIBUTIONS FROM   Professor Colin Tourick; Johan Trus, Autovista head of valuations and data for the Nordics; Patrik Lindroth, Financial Services Sweden Fleet Head, Volkswagen; Vidar Eriksen, Financial Services Norway MD, Volkswagen; Peter Kragelund Anderson, Business area manager, Nordania Leasing

 

Technology Reports

NETSOL - Changing Gear: Disruptive Technology and New Transport Models

Sep 26, 2018

Why technology is driving rapid growth in the digital mobility ecosystem Complete the form below to download your copy now These radical changes are happening at an exponential rate, requiring lenders, manufactures and dealers to respond quickly - or risk losing out to the growing competition. Market leader NETSOL, a specialist in supplying IT solutions to the global asset finance and leasing industry, has published a white paper outlining what's happening, the new opportunities and the steps lenders and others must take if they are to retain and grow their business. Innovation is fundamental to success in the new mobility as a service environment, as OEMs, lenders and service providers look to leverage existing business models and to develop new models in order to meet customer demands. However, organisations need to carefully assess where they are in the process, where they want to compete, and how they can develop the necessary competencies and technologies and adopt the agile mind set required to transform to a new future.