New car finance volumes dip in May
Consumer car finance new business volumes fell by two per cent in May compared to the same month in 2024.
This is according to figures released by the Finance & Leasing Association (FLA).
However, the corresponding value of new business grew by one per cent over the same period.
Figures also showed that the consumer new car finance market reported new business by value in May one per cent lower than in the same month in 2024, while new business volumes fell by two per cent. In the first five months of 2025, new business volumes in this market were eight per cent higher than in the same period in 2024.
The consumer used car finance market reported the value of new business in May three per cent higher than in the same month in 2024, while new business volumes fell by two per cent. In the first five months of 2025, new business volumes in this market were three per cent lower than in the same period in 2024.
Modest falls
Geraldine Kilkelly, director of research and chief economist at the FLA, said: “Both consumer new car finance and used car finance markets reported a modest fall in new business volumes of two per cent in May.
“The consumer car finance market overall saw new business up six per cent by value in the first five months of 2025, while volumes held steady.
“Our latest research suggests that the value of consumer car finance new business in 2025 would grow by seven per cent, with seven per cent growth in the new car finance market and six per cent growth in the used car finance market.”
