FLA statistics

New figures released today by the Finance & Leasing Association (FLA) show that
asset finance new business (primarily leasing and hire purchase) grew by 9% in May,
compared with the same month last year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Commercial vehicle finance increased by 21% in May compared with the same month in 2015.
Business equipment finance and IT equipment finance were up 27% and 32%
respectively over the same period.

Geraldine Kilkelly, head of research and chief economist at the FLA, said:
"Growth in asset finance new business rebounded in May,
as a wider range of asset sectors reported strong growth.
The latest official data from the Office for National Statistics confirmed our estimates that FLA
asset finance providers funded 31.8% of total UK investment in machinery,
equipment and purchased software in the twelve months to March –
the highest percentage for almost seven years."
  May
2016		 % change on prev. year 3 months to May 2016 % change on prev. year 12 months to May 2016 % change on prev. year
Total FLA asset finance (£m) 2,353 +9 8,364 +7 29,916 +8
Total excluding high value (£m) 2,315 +9 7,989 +6 28,823 +8
Data Extracts:            
By asset:            
Plant and machinery finance (£m) 451 -1 1,528 -3 5,796 +2
Commercial vehicle finance (£m) 582 +21 1,965 +9 7,143 +14
IT equipment finance (£m) 187 +32 584 +22 2,296 +22
Business equipment finance (£m) 177 +27 600 +13 2,139 -3
Car finance (£m) 733 -6 2,688 0 9,071 +5
Aircraft, ships and rolling stock finance (£m) 31 +125 112 -42 453 +1
By channel:            
Direct finance (£m) 1,195 +9 4,056 +4 14,524 +8
Broker-introduced finance (£m) 443 +17 1,418 +15 5,212 +9
Sales finance (£m) 677 +5 2,515 +4 9,087 +7
By product:            
Finance leasing (£m) 289 +31 945 +16 3,833 +8
Operating leasing (£m) 555 +11 1,959 +7 6,847 +9
Lease/Hire purchase (£m) 1,258 +9 4,255 +1 15,265 +7
Other finance (£m) 251 -9 1,205 +30 3,971 +11

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.