The report covers motor finance in the new and used car markets and also looks at the main types of finance available to car buyers, including personal loans, hire purchase (HP) and personal contract plans (PCPs). The main suppliers of motor finance in the UK include finance companies, vehicle manufacturers and subprime lenders.

The motor industry in the UK has been seriously affected by the economic downturn, which has resulted in falling numbers of new car registrations and lower levels of used cars sales. This downturn has in turn affected demand for motor finance and resulted in difficult trading conditions for many of the leading suppliers of such financial services. Although used car sales volumes generally exceed new car registration numbers, the market for motor finance is far more heavily dependent on the new car market, with up to half of new car registration purchases being financed in this way.

The European Consumer Credit Directive, which is to come into force on 1st February 2011, will affect all credit agreements and will have a significant impact on the activities of motor finance companies. For example, any advertising which includes information about finance will need to contain additional information. Lenders will also need to provide more comprehensive pre-contract information and they will be required to thoroughly check a consumer’s creditworthiness before entering into an agreement. The Directive is aimed at strengthening existing legislation, such as the Consumer Credit Act.

Exclusive primary research undertaken for this report into consumer attitudes towards motor finance indicated that a significant proportion of consumers expected that obtaining finance to purchase a car would remain difficult because of the credit crisis. The survey also found that a high percentage of consumers would defer buying a new car because of the current economic situation.

Key Note forecasts that the value of new motor finance in the UK will remain under pressure in 2011, in line with the forecast falls in new car sales over the same year. Consumer concerns regarding the impact on jobs following the spending cuts outlined by the Coalition Government are also expected to have a detrimental impact on sales. In the longer-term, however, the anticipated economic recovery in the UK should boost consumer confidence and expenditure and contribute to an upturn in sales of motor vehicles and motor finance.

Table of Contents :

Foreword
Executive Summary
Introduction

BACKGROUND

ORIGINAL CONSUMER RESEARCH
Strategy Overview

MARKET DYNAMICS AND SEGMENTATION
Economic Trends
New and Used Car Sales Trends

MARKET SIZE

DISTRIBUTION
Number of Car Dealerships
Cars Licensed by Region
Number of Financial Institutions

COMPETITIVE STRUCTURE
Finance Companies
Manufacturers
Subprime Lenders
Aggregators

ADVERTISING

THE CONSUMER

MARKET FORECASTS
New Cars

BACKGROUND

MARKET SIZE
New Car Registrations

MAJOR SUPPLIERS
Manufacturers

CONSUMER TRENDS

MARKETING ACTIVITY

ADVERTISING
By Car Manufacturer
By Car Dealer

DISTRIBUTION
Used Cars

BACKGROUND

MARKET SIZE

MAJOR SUPPLIERS
The Most Popular Models
Best Selling Used Cars

CONSUMER TRENDS

MARKETING ACTIVITY

ADVERTISING

DISTRIBUTION
Personal Loans

BACKGROUND

MARKET SIZE

MAJOR SUPPLIERS

CONSUMER TRENDS

MARKETING ACTIVITY

ADVERTISING

DISTRIBUTION
Hire Purchase

BACKGROUND

MARKET SIZE

MAJOR SUPPLIERS

CONSUMER TRENDS

MARKETING ACTIVITY

ADVERTISING

DISTRIBUTION
Personal Contract Plans

BACKGROUND

MARKET SIZE

MAJOR SUPPLIERS

CONSUMER TRENDS

MARKETING ACTIVITY

ADVERTISING

DISTRIBUTION
An International Perspective

GLOBAL PRODUCTION OF MOTOR VEHICLES
The World's Leading Motor Manufacturers

MOTOR VEHICLES IN USE
Global Statistics for Cars in Use

THE US
US Car Loan Interest Rates

THE EUROPEAN MARKET
New Passenger Car Registrations and Cars in Use

THE JAPANESE MARKET
PEST Analysis

POLITICAL
The European Consumer Credit Directive
Car Dealers Advised to Adopt the European Consumer Credit Directive Requirements as Soon as Possible

For more information kindly visit :
http://www.bharatbook.com/detail.asp?id=176360&rt=Motor-Finance-2011-Market-Assessment.html

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