New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew by 7% in June 2026 compared with the same month in 2025. The corresponding value of new business was 11% higher over the same period. In the first half of 2026, new business volumes grew by 4% compared with the same period in 2025.
The consumer new car finance market reported new business up 21% by value and 21% by volume in June compared with the same month in 2025. In the first half of 2026, new business volumes in this market were 17% higher than in the same period in 2025.
The consumer used car finance market reported new business up 1% by value in June while volumes held steady, compared with the same month in 2025. In the first half of 2026, new business volumes in this market were 2% lower than in the same period in 2025.
Commenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said:
“June’s figures cap a strong first half year for the consumer car finance market, driven by a buoyant new car market and growing demand for electric vehicles. Finance is playing a vital role in supporting household spending and the transition to cleaner transport, with FLA members funding almost nine in ten private new car purchases and almost all private new BEV purchases.
“The Government’s ZEV Mandate review is a welcome and important step. We hope it will deliver on the Government’s commitment to a business-friendly and realistic policy framework that supports confidence among manufacturers and investors. However, long-term success will depend on the strength of the entire EV market, not just new vehicle sales. As increasing volumes of electric vehicles enter the used market over the coming years, targeted measures to support consumer demand will be essential to ensure a healthy, sustainable and predictable balance between new and used vehicle markets.”
| Table 1: Cars bought on finance by consumers through the point of sale | ||||||
| New business | Jun 2026 | %
change on prev. year |
3 months to Jun 2026 |
% change on prev. year | 12 months to Jun 2026 | % change on prev. year |
| New cars | ||||||
| Value of advances (£m) | 2,041 | 21 | 5,199 | 21 | 21,006 | 13 |
| Number of cars | 70,614 | 21 | 180,674 | 20 | 735,587 | 13 |
| Used cars | ||||||
| Value of advances (£m) | 1,829 | 1 | 5,462 | -2 | 21,776 | 1 |
| Number of cars | 116,690 | 0 | 348,352 | -3 | 1,390,685 | -1 |
| Total cars | ||||||
| Value of advances (£m) | 3,870 | 11 | 10,661 | 8 | 42,782 | 7 |
| Number of cars | 187,304 | 7 | 529,026 | 4 | 2,126,272 | 3 |
| Table 2: Cars bought on finance by businesses | ||||||
| New business | Jun 2026 | %
change on prev. year |
3
months to Jun 2026 |
% change on prev. year | 12 months to Jun 2026 | % change on prev. year |
| New cars | ||||||
| Number of cars | 35,192 | 26 | 101,259 | 26 | 369,423 | 8 |
| Used cars | ||||||
| Number of cars | 5,273 | 18 | 15,590 | 22 | 58,643 | 11 |
Note to editors:
- The FLA Impact Report 2026, The Hidden Engine Behind UK Growth, was published on 29 June 2026. Further details may be found here.
- Consumer car finance reported in these figures refers to finance obtained through the point of sale.
- In 2025, FLA members provided £163 billion of new finance to UK businesses and households. £122 billion of this was in the form of consumer credit, almost a third of total new consumer credit written in the UK in 2025. £55 billion of it supported the purchase of new and used cars, including over 85% of private new car registrations.
- For media enquiries, please contact the FLA press office on 020 7420 9656.
