Total asset finance new business in May 2025 remained steady compared to May 2024, as reported by the Finance & Leasing Association (FLA). In the first five months of 2025, new business was 1% higher than the same period in 2024.

Business new car finance and equipment finance sectors saw a 4% and 6% increase in new business in May 2025, while commercial vehicle finance and machinery finance sectors experienced a 4% and 7% decrease, respectively.

FLA’s Director of Research noted a more subdued economic outlook in Q2 2025 after a strong Q1 rebound. The asset finance market has shown growth in new business provided to major sectors like services, agriculture, and manufacturing, with a stable construction sector.

FLA predicts single-digit new business growth in 2025 as businesses invest in more efficient technology and eco-friendly vehicles in a lower interest rate environment. UK asset finance new business held steady in May 2025, according to FLA’s findings.

Read more at Yahoo Finance: UK asset finance new business held steady in May 2025: FLA