Easing supply issues boost new car finance market
The consumer new car finance market reported growth in new business of 14% by value and 11% by volume in June compared with the same month in 2022. In the
The consumer new car finance market reported growth in new business of 14% by value and 11% by volume in June compared with the same month in 2022. In the
UK drivers’ ability to afford vehicle maintenance is compromising the safety of drivers and other road users – and for businesses, it’s increasing grey fleet risk – with the research
The impact of high housing expenditure on personal finances also means 12% have stopped using their car altogether while 10% want to swap their current model for one that costs
Comments come as the latest figures from the Society of Motor Manufacturers and Traders (SMMT) show the new car market grew 28.3% in July with 143,921 new vehicles registered. As
The share of personal contract hire (PCH) sales enquiries for all electric vehicles (hybrid, plugin and battery) fell from 34.6% in the first-half of 2022 to 22.9% this year. That
Underpinning changes is the switch from petrol and diesel-powered vehicles to electric and hybrid models. Report finds that business fleets are leading that charge with 44% of fleet cars already
VTs and repossessions comprised 57.5% of MAG’s finance company disposals in 2020 when the FCA advised credit providers not to enforce repossessions before 31 July as part of its post
While slightly down on previous years, the fact that almost a third of UK fleets are expecting growth in car and van numbers over the next three years feels quite
Some EV prices are showing signs of being on par with their ICE equivalent for the very first time which makes choosing between petrol and diesel and an EV more
The new Future of Transport Report is a bi-annual analysis of the UK’s transport sector. It includes the Future of Transport Index, a new measure which uses a unique data set to track
Research highlights several reasons for people not taking test drives before deciding on their new vehicle, with one in four (25.2%) disliking being in the car that they are test
Self-serve means you can demonstrably meet the requirements of the FCA’s four outcome areas and three cross cutting rules, minimising the chances of mis-selling, while creating a clear digital trail
Wessex Fleet found that 24% of company car drivers are on target to breach their mileage limits and incur excess mileage charges.
The expected charge for each of these drivers,
New figures from iVendi show that a year ago, the average deposit for a used car was £2,859 while the monthly payment was £292. Today, although the base rate has
Some fleets that typically operated vans for 5-6 years at a maximum are now, in some cases, hitting 7-8 years without encountering any real difficulties. The overall message is that
The Leasing Broker Federation is an independent membership organisation supporting leasing brokers and operators across the uk. It better equips brokerages with knowledge and skills supporting them to thrive within this growing sector.
It also provides a mutually beneficial business community environment for all market relevant companies, such as leasing companies, funders, manufacturers, service suppliers and dealerships. These companies make up our federation partner network.
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