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UK Motor Finance 2002
Datamonitor, June 2002
Spurred on by the lowest interest rates experienced since the mid 60s, the consumer credit market is booming. Customers have a 'borrow-to-buy' mentality that is unprecedented in recent years. Despite this, motor finance arranged at the point-of-sale has seen a slow growth as competing forms of credit eat into its traditional market position. How big is the motor finance market, and what will the market look like in five years' time? How will the proposed changes to EU Block Exemption legislation affect the motor finance market? How should finance providers and lenders alike position themselves to guarantee their future success? This report will provide the answers to the questions posed. It sizes the market and provides five-year scenario based forecasts for the entire range of credit options in the motor finance sector. Building upon a host of primary interviews with key individuals in the industry, a wealth of proprietary data, Datamonitor's UK Motor Finance 2002 B2B car dealer survey, and numerous secondary data sources (including FLA, ONS, Oecd, and AC Nielsen MMS) this report provide a rigorous, insightful and balanced view of the market for motor finance arranged at the point-of-sale.
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