Car Finance Market Sees Decline in November: 2025 Outlook Looks Bleak
2025-01-18
Car Dealer Magazine
The consumer car finance market experienced a downturn in November, with new business volumes falling, according to recent data from the Finance & Leasing Association. This decline comes as the industry faces a challenging outlook for 2025, with economic uncertainty and rising interest rates impacting consumer spending on cars. As a result, car finance lenders are bracing for a potentially tough year ahead, with auto finance and car loan demand expected to slow. The decrease in new business volumes may also be attributed to the growing popularity of alternative transport options and changing consumer behaviour. Key players in the car finance market will need to adapt to these changes to remain competitive.
