UK consumer car finance registers 11% growth in March 2025: FLA

GlobalData

Fri, May 9, 2025, 6:41 AM 2 min read

The Finance & Leasing Association (FLA) has reported an 11% summation successful user car concern caller concern volumes for March 2025 compared to the aforesaid period successful 2024.

The relation said that corresponding worth of caller concern roseate by 18% during the aforesaid period.

In the archetypal 4th (Q1) of 2025, caller concern volumes were 3% higher compared with Q1 2024.

The user caller car concern marketplace reported a 25% summation successful caller concern worth successful March 2025 portion volumes grew by 21%.

During Q1 2025, caller concern volumes successful the user caller car concern marketplace were 16% higher than the aforesaid play past year, the study said.

Meanwhile, the user utilized car concern marketplace saw a 9% summation successful the worth of caller concern successful March 2025 compared with March 2024, with volumes increasing by 3%.

However, successful Q1 2025, caller concern volumes successful the user utilized car concern marketplace were 3% little than successful Q1 2024.

FLA's probe and main economist manager Geraldine Kilkelly said: “March saw the user car concern marketplace study its strongest complaint of maturation successful much than 3 years supported by the contented of a caller registration plate, consumers bringing guardant caller car purchases up of increases successful conveyance excise work from April 2025, and somewhat much moving days successful March 2025 than successful the aforesaid period successful 2024 owed to the timing of Easter.

“The outlook remains uncertain, with the latest indicators of user assurance showing a important downturn successful sentiment astir economical conditions. Further cuts successful involvement rates should assistance to easiness immoderate of the unit connected existent household disposable incomes.

“As always, customers who are disquieted astir gathering payments should talk to their lender arsenic soon arsenic imaginable to find a solution.”

In February 2025, user car concern caller concern volumes declined by 2% compared with February 2024, contempt a 5% summation successful the worth of caller business.

The user caller car concern marketplace experienced a emergence successful February 2025, with caller concern worth and volumes expanding by 19% and 17%, respectively, compared to February 2024.

"UK user car concern registers 11% maturation successful March 2025: FLA" was primitively created and published by Motor Finance Online, a GlobalData owned brand.

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