Core Insights - The UK's asset finance market experienced a 3% decrease in new business for August 2025 compared to the same month in the previous year, although there was a marginal cumulative increase of 1% for the first eight months of 2025 compared to 2024 [1][2]. Sector Performance - Business new car finance and business equipment finance sectors showed growth in August 2025, with increases of 7% and 4% respectively compared to August 2024 [2]. - In contrast, the commercial vehicle finance sector saw a significant decline of 17%, while the IT equipment finance sector experienced an 11% drop in new business compared to the same month in 2024 [2]. Economic Outlook - FLA's Q3 2025 Industry Outlook Survey indicated that over half of asset finance respondents expect a decrease in business investment over the next year, with the percentage anticipating an increase in new business dropping from 79% to 71% between Q2 and Q3 2025 [4]. - The FLA emphasized the need for a government growth agenda to restore business confidence, noting that the asset finance market supports about one-third of all UK investment in vehicles, machinery, and equipment [5].