It seems like the car finance industry is under a bit of pressure… I was just having a catchup on the latest news from the Asset Finance domain and it seems that new car finance business fell by 2% and the value of new business fell by 1% (source: Finance & Leasing Association). This is just another reflection of the impact that the current financial uncertainties are having on the industry. But worry not, it seems motor finance providers are showing a cautiously optimistic view that the economic conditions will improve. According to the “Q3 Industry Outlook Survey”, three-quarters of them are expecting an increase in new business over the next year. Hoping for good news for the industry but no new car in my Christmas stocking this year, haha. #AssetFinance #AutoFinance
Adrian Kehoe’s Post
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The latest figures from the FLA show that consumer car finance new business volumes fell by 3% in January 2024. Read here https://bit.ly/3Iwb0Rv #consumer #consumerfinance #finance #car #financeindustry #business #motor #motorfinance #carfinance #carleasing #FLA #stats #data
Consumer car finance new business volumes fell by 3% in January 2024
fla.org.uk
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The latest figures from the FLA show that consumer car finance new business volumes grew by 1% in February 2024. Read here https://bit.ly/3xuxHmQ #consumer #consumerfinance #finance #car #financeindustry #business #motor #motorfinance #carfinance #carleasing #FLA
Consumer car finance new business volumes grew by 1% in February 2024
fla.org.uk
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1moI don't think that giant Ford you're eyeing will fit in a Christmas stocking, Adrian... Unless you get the Hot Wheels version?