Press Release

FLA MONTHLY MOTOR FINANCE STATISTICS

1 February 2006

FLA (Finance & Leasing Association) today released figures for dealer finance for 2005. These showed continuing decline in the volume of vehicles financed by consumers at the point of sale.

Overview

• Finance provided for new car purchases overall in 2005 remained at a similar level to 2004.  However, by volume, new business contracted 6% over the same period.
• Used car finance last year was down slightly on 2004 by 1%. The volume of used cars financed contracted by 4%.
• The reduction in new car volumes was driven primarily by a contraction in finance provided via dealerships to consumers.

New business	Dec  2005	% Change	12 mths to Dec 2005	% Change
Finance provided (£m) New cars Used cars   Cars financed (No.) New cars Used cars	900 395     71,664 42,155	6% -5%     -3% -8%	11,952 6,669     1,024,533 746,969	0% -1%     -6% -4%

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