September 2014 asset finance stats at six year high
18 November 2014
The Finance & Leasing Association (FLA) has said asset finance new business was up 31% year-on-year during September 2014, to reach over £2.5bn (€3.19bn), the highest monthly figure in almost six years. Business equipment finance reported its strongest growth so far this year, with new business up 53% year-on-year in September compared with the same month in the previous year. Business new car finance grew by 30% year-on-year in the same period. Plant and machinery finance, commercial vehicle finance and IT equipment finance were up by 22%, 16% and 15%, all year-on-year, respectively.
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