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Equipment Finance News UK asset finance new business holds steady Published: 11th January 2018 Share The UK asset finance market has maintained a full-year growth rate of 4% as latest figures show the market held steady during November 2017. New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in November was £2.5 billion, a similar level to the same month in 2016. The commercial vehicle finance and IT equipment finance sectors reported new business up by 5% and 1% respectively, compared with the same month in 2016, while new finance for plant and machinery fell by 3% over the same period. Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “The asset finance market reported a broadly stable picture across the main asset sectors in November, and remains on course to report a record level of annual new business in 2017 of around £32 billion.” Total FLA asset finance growth to the end of November is 4%, but excluding high value items, it is 6%. Nov 17 % change on prev yr 3 mths to Nov 17 % change on prev yr 12 mths to Nov 17 % change on prev yr Total FLA asset finance (£m) 2,541 0 7,962 0 31,804 +4 Total excluding high value (£m) +4 7,936 +3 30,919 +6 Data Extracts: By asset: Plant and machinery finance (£m) 481 -3 1,464 -2 6,506 +10 Commercial vehicle finance (£m) 691 +5 2,061 +4 7,574 +2 IT equipment finance (£m) 235 +1 642 +5 2,246 -4 Business equipment finance (£m) 209 -4 624 +4 2,566 +9 Car finance (£m) 738 -2 2,538 -1 9,854 +5 Aircraft, ships and rolling stock finance (£m) 8 -60 45 -45 574 +18 Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsUS equipment finance confidence hits three-year high NewsAlba Leasing and Banca Sistema announce partnership NewsDLL and Kempower partner to drive EV charging accessibility Equipment Finance
