The restoration in shopper confidence “stalled” in August amid issues on what the Finances will ship later this month.
That’s the view of the Finance & Leasing Affiliation (FLA) which in the present day launched figures displaying shopper finance new enterprise fell in August 2024 by 1% in contrast with the identical month in 2023.
Geraldine Kilkelly, director of analysis and chief economist on the FLA, stated: “The buyer finance market was subdued in August and the latest restoration in shopper confidence seems to have stalled amid issues over what the Finances on the finish of October will deliver.
“The FLA’s Q3 2024 Trade Outlook Survey prompt that almost all of shopper finance respondents (71%) anticipated some enhance in new enterprise over the following twelve months, though this was decrease than within the Q2 2024 Survey.
