Asset finance new business held steady in May 2025 - Finance & Leasing Association
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New figures released today by the Finance & Leasing Association
(FLA) show that total asset finance new business (primarily leasing
and hire purchase) in May 2025 was at a similar level to the same
month in 2024. In the first five months of 2025, new business
was 1% higher than in the same period in 2024. The business new car
finance and business equipment finance sectors reported new
business up in May by 4% and 6% respectively, compared with the
same month in...Request free trial
New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) in May 2025 was at a similar level to the same month in 2024. In the first five months of 2025, new business was 1% higher than in the same period in 2024. The business new car finance and business equipment finance sectors reported new business up in May by 4% and 6% respectively, compared with the same month in 2024. The commercial vehicle finance and plant and machinery finance sectors reported falls in new business of 4% and 7% respectively, over the same period. Commenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said: “The performance of the asset finance market in April and May reflected a more subdued economic picture in the second quarter of 2025 following a strong first quarter rebound. “The asset finance market so far this year has reported growth in the value of new business provided to the major industry sectors – services, agriculture, and manufacturing – while holding steady in the construction sector. “Our latest research suggests the asset finance industry will report single-digit new business growth by value in 2025 as a whole, as businesses look to invest in more efficient technology and greener vehicles, machinery and equipment in a lower interest rate environment.”
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