Press Release

FLA MONTHLY MOTOR FINANCE STATISTICS - JULY 2005

22 August 2005

 

FLA (Finance & Leasing Association) today released figures for the motor finance industry for July 2005.

 

Overview

·         Finance provided for new car purchases fell 2% by value and 5% by volume compared with July 2004.  Demand for business new car finance has waned in recent months whilst the consumer new car market remains weak.

·         Used car finance was up 3% by value and 0% by volume in July compared with the same month a year ago.  July saw a particular good performance returned by the business used car sector.

 

 

New business

 

July 2005

 

% Change

 

Finance provided (£m)

New cars

Used cars

 

Cars financed (No.)

New cars

Used cars

 

 

982

583

 

 

87,183

64,757

 

 

-2%

3%

 

 

-5%

0%

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