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Car Finance - UK - January 2012
Car Finance - UK - January 2012

“Over the past two years car finance providers have improved their finance penetration of private new car sales, which is helping to drive profitability in a difficult trading environment. Maintaining this level of penetration will be crucial to the market’s success going forward.”

– Sarah Hitchcock, Senior Analyst – Financial Services

Some questions answered in the report include:

How has the car finance market performed recently?
And how is the wider motor retailing industry faring?

“Over the past two years car finance providers have improved their finance penetration of private new car sales, which is helping to drive profitability in a difficult trading environment. Maintaining this level of penetration will be crucial to the market’s success going forward.”

– Sarah Hitchcock, Senior Analyst – Financial Services

Some questions answered in the report include:

How has the car finance market performed recently?
And how is the wider motor retailing industry faring?
What is the outlook for the new car market in 2012?
How often are people replacing their cars?
Will changes in the automotive distribution chain hit demand for car finance?
Are car supermarkets making much of an inroad into the used car market?
How has the industry reacted to the idea of further changes to consumer credit regulation?

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“Our research suggests that many people are baffled by the number of different savings accounts and rates on offer. Any attempts by providers to simplify their product ranges or to introduce applications that help people quickly and easily navigate the maze of choices would be welcomed by customers. At the same time, maintaining a competitive rate and good customer communications will also help retention ...