{"id":1181,"date":"2014-11-06T09:57:23","date_gmt":"2014-11-06T09:57:23","guid":{"rendered":"https:\/\/dev.lnetdev.uk\/thevra2026\/?p=1181"},"modified":"2014-11-06T09:57:23","modified_gmt":"2014-11-06T09:57:23","slug":"fla-forecasts-q4-loans-increase","status":"publish","type":"post","link":"https:\/\/dev.lnetdev.uk\/thevra2026\/fla-forecasts-q4-loans-increase\/","title":{"rendered":"FLA forecasts Q4 loans increase"},"content":{"rendered":"<p><strong>The Finance &amp; Leasing Association (FLA) expects year-on-year increases in loans from its members for retail purchases of new and used cars through dealerships to continue until the end of the year.<\/strong><\/p>\n<p>Geraldine Kilkelly, head of research and chief economist at the FLA, said: \u201cAugust was a quieter month for the consumer motor finance market ahead of the new number plate in September.\u201d<\/p>\n<p>The number of new cars financed through dealerships by FLA members grew by 7% during August and the percentage of the market held steady at 75.2% in the 12 months to August. The consumer used car finance market also grew by 7% in August, but that was its slowest rate of growth this year.<\/p>\n<p>In August, 43,726 new cars were bought on dealer loans worth \u00a3661\u2009million (9% higher than a year earlier). In the three months to August, advances totalled \u00a32.815\u2009billion, a year-on-year rise of 12%, on 179,140 cars (up 7%). The 12-month figures reflected the strong revival in the market: loans were 20% up at \u00a313.402bn, financing 864,535 cars (14% ahead).<\/p>\n<p>The used car market lagged behind the rise in sales of financed new cars for a while, but the latest data shows increases over all timescales. In August, advances were 13% higher at \u00a3858m on 85,314 new cars (a 7% year-on-year gain). Over the three months to August, loans were 20% up at \u00a32.703bn on 268,299 cars (14% ahead). The 12-month figures showed the strongest gains: advances totalling \u00a310.156bn were 25% better, on 1,016,415 cars (an 18% improvement).<\/p>\n<p>There were also increases in the market for dealer-financed cars bought by businesses in August: the volume of 33,328 new cars was 30% ahead of August 2013. The three-month figure was up 19% to 114,987 and over 12 months up 10% to 436,700 cars.<\/p>\n<p>Businesses bought 2,863 dealer-financed used cars in August \u2013 up 22% year-on-year \u2013 but there were declines over the three months (by 29% to 9,800 cars) and by 34% to 42,854 over the 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance &amp; Leasing Association (FLA) expects year-on-year increases in <a class=\"moretag btn btn-primary\" href=\"https:\/\/dev.lnetdev.uk\/thevra2026\/fla-forecasts-q4-loans-increase\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":4,"featured_media":1183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37],"tags":[161],"class_list":["post-1181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-fla"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/1181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/comments?post=1181"}],"version-history":[{"count":0,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/1181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media?parent=1181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/categories?post=1181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/tags?post=1181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}