News in Numbers

UK car production surged in July, up 31.6% to mark six consecutive months of growth, but output remained -29.4% lower than pre-pandemic July 2019, the SMMT said.

If current trends continue, UK motorists will be on course to borrow this amount to finance approximately 1.5 million used cars in 2023, according to AA Car Finance.

Nearly half of the company cars sold in the first quarter of 2023 were battery electric vehicles (compared to 16% in the retail market for BEVs), according to the BVRLA.

Cconsumer car finance new business volumes fell in June 2023 by 2% compared with the same month in 2022, according to the Finance & Leasing Association.

ALD / LeasePlan has boosted its leasing contract margin to this amount in H1 2023 versus €62.7m in H1 2022 driven by exceptionally high used car prices.