Consumer car finance new business volumes grew by 5% in June 2025 compared to the same month in 2024, with a 9% increase in value. In the first half of 2025, new business volumes were 1% higher than in the same period in 2024. The consumer new car finance market saw an 8% increase in business value and 5% in volumes in June, with a 7% increase in volumes in the first half of 2025 compared to 2024. The consumer used car finance market reported a 9% increase in business value and 5% in volumes in June, with a 2% decrease in volumes in the first half of 2025 compared to 2024. Director of Research and Chief Economist at the FLA, Geraldine Kilkelly, noted that despite the challenging economic environment, new business in the consumer car finance market grew 6% by value in H1 2025, with volumes 1% higher at 1.1 million cars. The consumer car finance market is a significant part of the UK consumer credit market, second only to mortgages in terms of total lending. It helps over 6 million consumers across the UK and advises customers to contact their lender if they have payment concerns.

Read more at Yahoo Finance: UK consumer car finance new business volumes grew by 5% in June 2025