Press Release

FLA MONTHLY MOTOR FINANCE STATISTICS

1 February 2006

FLA (Finance & Leasing Association) today released figures for dealer finance for 2005. These showed continuing decline in the volume of vehicles financed by consumers at the point of sale.

Overview

• Finance provided for new car purchases overall in 2005 remained at a similar level to 2004.  However, by volume, new business contracted 6% over the same period.
• Used car finance last year was down slightly on 2004 by 1%. The volume of used cars financed contracted by 4%.
• The reduction in new car volumes was driven primarily by a contraction in finance provided via dealerships to consumers.

New business