New car market feels an 11% surge in registrations in July, despite forecast £20 billion of lost sales in 2020

UK new car registrations hit 174,887 in July this year, representing a significant improvement of 11.3% on the same period the year before, says the Society of Motor Manufacturers and Traders (SMMT). According to the association, the forecasted pent-up demand, the league of attractive finance offers and flexible payment terms that automakers laid out for consumers following the lockdown are two of the most likely factors that resulted in this surge.

New car market feels an 11% surge in registrations in July, despite forecast £20 billion of lost sales in 2020

Aug 18, 2020

UK new car registrations hit 174,887 in July this year, representing a significant improvement of 11.3% on the same period the year before, says the Society of Motor Manufacturers and Traders (SMMT). According to the association, the forecasted pent-up demand, the league of attractive finance offers and flexible payment terms that automakers laid out for consumers following the lockdown are two of the most likely factors that resulted in this surge.

Market Data

Alfa - LIBOR reform: The impact for Auto & Equipment Finance Providers

Jun 17, 2020

Asset finance software and services provider Alfa has published a new whitepaper that provides in-depth guidance on LIBOR reform. LIBOR rates are used by auto and equipment finance businesses globally as a benchmark to determine customer interest rates. However, LIBOR, EURIBOR and other such rates carry inherent shortcomings that have led to their planned replacement by alternative risk-free rates such as SONIA and SOFR. In the whitepaper, called LIBOR Reform: The Impact for Auto and Equipment Finance Providers, Alfa analyses the changes, why they are happening and what impact they will have on asset finance providers.Issues covered include how asset finance company systems must be enhanced to accommodate the changes.

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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