Asset finance new business fell by 7% in April 2025, but overall grew by 2% in 2025.

From Yahoo Finance: 2025-06-17 08:49:00

Total asset finance new business fell by 7% in April 2025 compared to the same month in 2024, according to the Finance & Leasing Association. Despite this, new business in the first four months of 2025 was 2% higher than the same period in 2024.

In April 2025, the commercial vehicle finance and business new car finance sectors saw declines in new business of 8% and 4% respectively compared to April 2024.

Both the business equipment finance and plant and machinery finance sectors reported a 5% decrease in new business in April 2025 compared to the same period last year.

Director of Research at FLA, Geraldine Kilkelly, noted that April marked the first decline in new business this year, with high-value deals impacting growth. Excluding large facilities, new business was only 1% lower than in April 2024, and grew by 3% in the first four months of 2025.

FLA’s Q2 2025 industry outlook survey revealed that over three-quarters of asset finance respondents anticipated an increase in new business over the next year. Despite subdued business investment, the expectation of interest rate cuts and growth in sectors like construction could lead to single-digit new business growth by value in the next 12 months.



Read more at Yahoo Finance: Asset finance new business fell by 7% in April 2025