A buoyant outlook for the UK's motor finance sector has been outlined by the Finance & Leasing Association (FLA).

According to the organisation's quarterly Retail Motor Finance Confidence Survey, 83 per cent of respondents predict growth in new car deals during the coming months, while 95 per cent expect to see improvements in the used car sector.

In addition, 53 per cent predict growth in the light commercial vehicle finance market.

Paul Harrison, head of motor finance at the FLA, said: "The survey brings together the views of leading executives and it is quite clear that they want a new regulatory regime which does not harm competitiveness or the availability of credit for consumers."

Earlier this month, the FLA published statistics highlighting considerable growth in used car finance deals in April.

The sector witnessed a 26 per cent jump in activity during the month – marking a two-year record high for the industry.

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Posted by Jamie Burton, Account Manager, The Fuelcard People.