Consumer New Car Finance Volumes Up 3%
The FLA (Finance and Leasing Authority) releases its new figures today and compares the new ones with the one from 2016. The POS (Point of Sales) consumer sale’s market grew 9 percent in number and 3 percent in volume. The POS now has been compared by the January 2016 POS to know the calculated difference of POS.
The POS measured keeping in mind the private leasing of the cars by Finance. The percentage of new cars financed by FLA was 86.5 percent by the twelve months in January as compared to 86.6 percent by the twelve months of December.
The POS consumers also used the finance market to get the estimate of the cars bought and the market comparison. With the present state of buying and leasing of the new cars. The reported new business report of the finance market states a new business growth in January of 15 percent by value and 9 percent by volume.
The performance of POS consumer car finance and leasing market in January was in line along with an outlook for the entire year 2017. The most modest growth has taken place in the financial values. The stronger single-digit growth in used car volumes.