Consumer car finance volumes decline by 2%, but value of new business increases by 5%

From Yahoo Finance: 2025-04-15 11:42:00

Consumer car finance new business volumes saw a 2% decline in February 2025 compared to 2024, but the value of new business increased by 5%. New car finance market showed growth in both value and volumes, while used car finance market experienced a decrease in value and volumes.

FLA predicts a 1% growth in the value of new business provided by the consumer car finance market in 2025. The US administration’s tariff hikes may impact consumer confidence. New business volumes in consumer car finance fell by 3% in January 2025, with a 4% growth in value compared to 2024.

Read more: Consumer car finance volumes fall by 2% in February 2025