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UK Consumer Credit 2010
Datamonitor, Oct 2010, Pages: 219
The UK consumer credit landscape remains unsettled with the government's proposed cuts package looming heavily over the market recovery. This has led to a flat performance in many lines of consumer credit, with counter-cyclical markets such as motor and retail finance the best performers. As the economy begins to improve, lenders will need to react quickly in order to take full advantage.
Features and benefits
- Covers a variety of markets across the industry such as unsecured personal loans, motor finance, retail finance, peer to peer and non-standard lending
- Provides three different scenario forecasts for the consumer credit market as a whole as well as forecasts for individual markets.
- Includes market share data across some of the different consumer credit sectors.
- Provides data from The proprietary Retail Banking Consumer Survey.
Highlights
The different consumer credit products all witnessed deteriorations in performance in 2009 in comparison with 2008. The alteration of conditions under the recessionary environment led to some lines performing quite robustly while others saw a significant contraction.
Although the level of competition remains low among unsecured personal loan providers, market experts did suggest that some players have made tentative steps to boost their aggression in terms of attracting new customers.
The recession has seen the popularity of product lines such as motor and retail finance gaining in popularity as consumers have found it difficult to access funding from banks and building societies.
Your key questions answered
- Formulate market share objectives for your company and track progress using our market share and channel size data
- Gain an in-depth knowledge of different consumer credit markets, from large established products to the more niche challengers.
- Make informed market entry decisions through a greater understanding of the market and how it will perform over the next few years.
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