Asset finance down 10% in November as 7,000 lenders forecast a 25% fall in net income

Total asset finance new business hit £2.4 billion in November 2020, down 10% compared with the same month in 2019, according to figures released by the Finance & Leasing Association (FLA). The commercial vehicle finance and car finance sectors faired the best in November, with the former achieving £705 million of new business and the latter hitting £699 million. This represents a 1% and 5% fall respectively when compared to the previous year’s figures. In comparison, IT equipment finance new business hit £154 million in the month, equaling a 32% decline from November 2019.

Asset finance down 10% in November as 7,000 lenders forecast a 25% fall in net income

Jan 13, 2021

Total asset finance new business hit £2.4 billion in November 2020, down 10% compared with the same month in 2019, according to figures released by the Finance & Leasing Association (FLA). The commercial vehicle finance and car finance sectors faired the best in November, with the former achieving £705 million of new business and the latter hitting £699 million. This represents a 1% and 5% fall respectively when compared to the previous year’s figures. In comparison, IT equipment finance new business hit £154 million in the month, equaling a 32% decline from November 2019.

Market Data

White Clarke Group - Switzerland Leasing Market Update 2020

Nov 30, 2020

Global finance technology company White Clarke Group has released a new country survey for the Swiss leasing market. Produced in association with the World Leasing Yearbook, the annual survey provides an assessment of the national leasing markets of Switzerland, focusing on the period up to mid-2019. Comprised of in-depth research conducted on behalf of Schweizerischer Leasingverband SLV/Association Suisse des Sociétés de Leasing ASSL, the survey offers a wealth of Switzerland’s leasing industry insights.

Bynx Pricing Reviews

Bynx - Asset Finance Pricing Review - Russia's auto revolution

Dec 12, 2019

      AVAILABLE NOW, FREE OF CHARGE Tom Seymour takes a look at how leasing and the fleet market are developing in Russia. While new cars sales have stalled, leasing is gaining popularity.  Russian drivers are showing a strong interest in car sharing services, although support for other new initiatives, such as electric vehicles, is very low. It is hard to predict how the Russian auto market will develop. As commentator Ralph Morton points out in his opinion piece, the runaway growth in personal leasing is starting to have an impact on fleet leasing. Insights into the so-called “death of diesel” on car sales and residual values. Dean Bowkett takes a look at how new powertrains are taking hold across Europe, and the factors influencing the rise of electric vehicles. The latest stats from Experteye’s European Leasing Index Report.   CONTRIBUTIONS FROM   Sovetkina Zoya, leasing lead, Expert RA Dmitriy Strashkov, head of corporate finance, VWFS Rus Alexander Mikhaylov, chief executive, Europlan Ralph Morton, Editorial Director, Morton Media

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Technology Reports

NETSOL - Delivering growth through digital partnerships in a post-pandemic world

Jan 12, 2021

The asset finance industry has seen fundamental change during the past year of the Coronavirus crisis, with an accelerated focus on digitalisation and growing use of cloud-based services. Now, as the international roll-out of vaccines suggests the worst could soon be over for the global economy, digital partnerships are set to drive business growth in asset finance while delivering improved service levels to customers. A new whitepaper from NETSOL Technologies reveals how technologies such as artificial intelligence and machine learning are enabling more efficient processes, with the workforce reorganised around added-value responsibilities, including providing personalised support for the ‘digitally excluded’ or those with specific needs.