Press Release

FLA MONTHLY STATISTICS

22 August 2005

 

FLA (Finance & Leasing Association) today released figures for business, consumer and motor finance for May 2005.

 

Overall

In May 2005:

·         New finance provided to businesses to fund capital investment totalled over £1.7 billion in May 2005.  Growth reported by the business car sector was at a much-reduced rate compared with recent months.

·         New finance provided to consumers remained virtually unchanged compared with May 2004 at £5,222 million.  The direct unsecured loans market recorded a contraction in new business for the first time since July 2004.

·         New finance provided to purchase motorcars increased by 4% compared with May 2004 to £1,524 million,with growth recorded in the level of new finance provided by both new and used car sectors.

 

In Detail

FLA Business Finance (extracts)

New business	May 2005 £m	% change on same month last year
BUSINESS FINANCE	1,709	12%
Finance for …   Commercial equipment   New cars   Used cars	925   457   51	20%    8%    -14%

 

·          Note: Growth rates reported for the business finance sector and, in particular, the commercial equipment sector, have been enhanced by the introduction of new members from May 2005.

 

FLA Consumer Finance (extracts)

New business	May 2005 £m	% change on same month last year
CONSUMER FINANCE	5,222	0%
Direct unsecured loans   Direct secured loans   Retail store credit   Finance for new cars   Finance for used cars	1,144   260   464   496   520	-8%   -25%   -13%   4%   3%

 

Note: not all consumer finance categories are included within this table.

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