Asset finance sector sees moderate growth in July 2025: FLA

Asset finance new business rose 3% in July 2025 compared to the same month in 2024, according to the Finance & Leasing Association (FLA). In the first seven months of 2025, new business figures were 1% higher than in the equivalent period of the previous year. The business new car finance and IT equipment finance sectors showed notable growth in July, with increases of 10% and 31% respectively, compared to July 2024. In contrast, the plant and machinery finance sectors saw a 3% decrease in new business ...