New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in October 2025 by 3% compared with the same month in 2024. The corresponding value of new business was 8% higher over the same period. In the ten months to October 2025, new business volumes grew by 1% compared with the same period in 2024.
The consumer new car finance market reported new business up 12% by value and 14% by volume compared with the same month in 2024. In the ten months to October 2025, new business volumes in this market were 7% higher than in the same period in 2024.
The consumer used car finance market reported the value of new business 5% higher in October than in the same month in 2024, while new business volumes fell by 1%. In the ten months to October 2025, new business volumes in this market were 2% lower than in the same period in 2024.
Commenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said:
“October saw the consumer new car finance market report its strongest growth performance since March this year, while the consumer used car finance market continued to report steady single-digit growth in average advances.
“FLA consumer car finance providers are on track to report a record level of new business by value in 2025 of more than £41 billion. The corresponding number of consumers supported in financing car purchases in 2025 is expected to be almost 2.1 million.
“As always, customers who are worried about meeting payments should speak to their lender as soon as possible to find a solution.”
| Table 1: Cars bought on finance by consumers through the point of sale | ||||||
| New business | Oct 2025 | %
change on prev. year |
3 months to Oct 2025 |
% change on prev. year | 12 months to Oct 2025 | % change on prev. year |
| New cars | ||||||
| Value of advances (£m) | 1,506 | 12 | 5,376 | 9 | 19,010 | 9 |
| Number of cars | 53,883 | 14 | 189,894 | 9 | 664,999 | 7 |
| Used cars | ||||||
| Value of advances (£m) | 1,865 | 5 | 5,517 | 3 | 21,754 | 3 |
| Number of cars | 118,567 | -1 | 353,267 | -2 | 1,405,272 | -2 |
| Total cars | ||||||
| Value of advances (£m) | 3,371 | 8 | 10,893 | 6 | 40,764 | 6 |
| Number of cars | 172,450 | 3 | 543,161 | 2 | 2,070,271 | 1 |
| Table 2: Cars bought on finance by businesses | ||||||
| New business | Oct 2025 | %
change on prev. year |
3
months to Oct 2025 |
% change on prev. year | 12 months to Oct 2025 | % change on prev. year |
| New cars | ||||||
| Number of cars | 33,820 | 5 | 91,705 | 6 | 365,397 | 1 |
| Used cars | ||||||
| Number of cars | 5,038 | 17 | 13,338 | 11 | 50,527 | -14 |
Note to editors:
- Consumer car finance reported in these figures refers to finance obtained through the point of sale.
- In 2024, FLA members provided £156 billion of new finance to UK businesses and households. £116 billion of this was in the form of consumer credit, almost a third of total new consumer credit written in the UK in 2024. £52 billion of it supported the purchase of new and used cars, including around 80% of private new car registrations.
- For media enquiries, please contact the FLA press office on 020 7420 9656.
