Finance on private new car sales at retail has grown for the
14th month in succession, accounting for 67.4% of
purchases, according to figures for May from the Finance &
Leasing Association (FLA).

Finance penetration in new car sales was up
from
66.6% last month and up from 56% in May 2011.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Across new and used cars, £1.4bn was advanced
on 122,093 purchases over the month, putting figures in both
markets up year-on-year for the month, the previous three months
and the previous 12 months.

The biggest gains were in new vehicles where
the value of advances for May was up 44% year-on-year, to £758m,
and up 37% to just over £3bn for the March-May period.

Used cars,
the subject of an FLA seminar earlier this week, posted 69,709
cars bought on finance in May, up 12% on May 2011, worth £640m in
advances, up 7%.

Full statistics from the Finance &
Leasing Association and analysis will be published in the
July issue of
Motor Finance
magazine.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

richard.brown@vrlfinancialnews.com