Databank – September 2021

The latest data from around the automotive industry

Motor Finance statistics (FLA)

Untitled Document
Table 1: Cars bought on finance by consumers through the point of sale
New businessJul-21% change on prev. year3 months to Jul 2021% change on prev. year12 months to Jul 2021% change on prev. year
New cars

Value of advances (£m)1,385-194,7834317,89713
Number of cars60,520-20205,16638770,7536
Used cars

Value of advances (£m)1,652-165,1802818,33314
Number of cars119,273-19380,070241,374,5549
Total cars

Value of advances (£m)3,037-189,9633536,23014
Number of cars179,793-20585,236292,145,3078

Table 2: Cars bought on finance by businesses
New businessJul-21% change on prev. year3 months to Jul 2021% change on prev. year12 months to Jul 2021% change on prev. year
New cars

Number of cars27,6471389,437101321,82712
Used cars

Number of cars3,914-2611,461052,299-7

Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said:

“Supply side shortages – both of vehicles and labour – have hit the automotive industry in recent months. With most consumer new car sales now financed by FLA members it is not surprising that the consumer new car finance market followed recent trends in private new car registrations which fell by a quarter in July. Moreover, July 2020 was a record month for the consumer used car finance market following the lifting of the first lockdown restrictions which was unlikely to be replicated this year.

“Our latest research suggests consumer car finance new business by value will grow by 17% in 2021 as a whole, slightly lower than previous expectations. The consumer car finance market is expected to growth by a further 14% in 2022 as supply constraints gradually ease and strong consumer demand continues.”

Motor Industry statistics (SMMT) 
New car registration by vehicle type


Mike Hawes, SMMT chief executive, said: “While August is normally one of the quietest months for UK new car registrations these figures are still disappointing, albeit not wholly surprising. The global shortage of semiconductors has affected UK, and indeed global, car production volumes so new car registrations will inevitably be undermined. Government can help by continuing the supportive Covid measures in place currently, especially the furlough scheme which has proven invaluable to so many businesses.

“As we enter the important September plate-change month with an ever-increasing range of electrified models and attractive deals, buyers in the market for the new 71 plate can be reassured manufacturers are doing all they can to ensure prompt deliveries.”

Europe Focus (ACEA)

Jan-Aug 2021Jan-Aug 2020%Change
United Kingdom68,03387,226-22.01,101,302915,615+20.3
Total (EU + EFTA + UK)628,508788,573-20.37,360,2676,546,665+12.4


During the month of August, car registrations across the European Union decreased by 19.1% – compared to the same month last year – to reach 622,993 units. For the second month in a row, the largest car markets posted double-digit declines: Spain (-28.9%), Italy (-27.3%), Germany (-23.0%) and France (-15.0%).