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Asset finance new business fell by 7% in April 2025

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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) fell in April 2025 by 7% compared with the same month in 2024.
In April 2025, new business in the asset finance sector experienced a 7% decline, as reported by the Finance & Leasing Association (FLA). This drop was attributed to a combination of factors including a decrease in new business for plant and machinery by 14%, and a 10% fall in business new cars. Despite these declines, there was a slight increase in new business for commercial vehicles by 2%. The FLA noted that while the overall market showed resilience, the persistent economic challenges and uncertainties continued to impact the sector's performance.

Read the Full GlobalData Article at:
[ https://www.msn.com/en-us/money/economy/asset-finance-new-business-fell-by-7-in-april-2025/ar-AA1GU8HR ]