UK Consumer Finance Sees Decline in Car Loan Volumes
New business volumes fell 2% in May 2025 amid cautious spending
UK consumer car finance volumes slipped by 2% in May 2025 as households tightened budgets amid cost-of-living pressures and higher borrowing costs.
Industry groups warn the slowdown reflects growing caution among buyers, adding pressure on auto retailers to offer more competitive financing options to sustain sales in a softening market.
Industry groups warn the slowdown reflects growing caution among buyers, adding pressure on auto retailers to offer more competitive financing options to sustain sales in a softening market.
