Reported 15 days ago
The Finance & Leasing Association (FLA) reports a 3% decrease in new business in the UK's asset finance market for August 2025 compared to the same month in 2024, despite a 1% cumulative increase for the year so far. While sectors like new car finance and equipment finance showed growth, commercial vehicle finance faced a 17% drop and IT equipment finance fell by 11%. The FLA calls for a government growth agenda to boost business confidence as industry outlook remains uncertain.
Source: YAHOO