Saturday, February 5, 2011

car financing UK

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MFBI UK Retail Car Finance Market 2004
 

Description:

This report on the retail car finance market, published in August 2004, is a comprehensive analysisof current trends in the retail market for car finance supplied by car dealers and by direct lendersbetween 1999-2004, with forecasts to 2009.

The report concentrates on the retail finance market and therefore excludes the wholesale financemarket and the financing of company and business fleets. The report analyses all aspects of theretail car finance market including market size and trends and the structure of car finance supply inBritain. In addition to analysing the main elements of the market, the report also provides acomprehensive analysis of the factors that influence market demand. These include developmentsin the UK economy, demographic and car ownership trends, consumer credit and finance trends,new and used car sales and legislation.

Executive Summary
Market Background 1999-2004
The UK economy; demographic trends and car ownership; UK demand for cars; size and structureof the car parc, scrappage rates and car parc size.

The Retail Car Finance Market 1999-2004
Market size and trends by value and volume; new and used car finance; POS and direct (loans) carfinance; POS product segmentation - new and used cars; market trends - voluntary terminations,sub-prime finance; Pproduct trends - HP, PCPs, POS loans, personal leasing, personal loans,mortgage lending.

Factors Influencing the MarketVehicle taxation; Block Exemption Regulation; car replacement cycles; outright purchase and pay-for-use; used car residual values; Iinterest rates and finance; rising demand for credit; rising houseprices; County Court judgements; finance legislation; Basel capital accord; EU money launderingdirective; FSA regulations.

The Finance Supply Structure 1999-2004
Vehicle manufacturer captive finance companies - Ford Credit, GMAC, Volkswagen FinancialServices; Independent finance companies - Black Horse, Capital Bank, GE Capital, Cattles, ParagonCar Finance, Singer & Friedlander, Close Motor Finance, Carlyle Finance; Direct lenders - high streetbanks, building societies, Internet banks, other direct lenders.

Car Finance Distribution
Number of distribution outlets 1999 and 2004 - bank branches, car dealers, financial advisers,building societies, credit and finance companies, finance brokers; franchised car dealers, largestdealer groups 2004; independent car dealers, largest independent car dealers 2003; channel usagefor car loans; Internet distribution.

The Finance Consumer
Trends in car finance; main methods of financing car purchase - savings, car dealer finance,personal loans, employer cash allowance, credit card cheques, house mortgage; source of financeby main car driven; demographic analysis of main finance methods; finance methods used byvehicle make and length of ownership; demographics of personal loan users; vehicle purchase priceand finance used.

The Future and Conclusions 2004-2009
The UK economy, interest rates, house prices, external shocks, consumer disposable incomes,slowdown in consumer spending; The car finance market, forecasts by volume and value 2004-2009, market and product trends, market and product opportunities; The supply structure,independent finance companies, direct lenders; Distribution, distribution and block exemption; The motor finance consumer.
 
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Contents:-           Introduction-
                         Research Methodology
                        -Definitions
                        -Abbreviations

                        REPORT SUMMARY
                       -Market Background
                       -The UK Economy 
                       -New Car Registrations
                       -Size of the Car Parc
                      -Market Size and Trends
                      -New Car Finance
                      -Used Car Finance
                      -The Supply Structure
                      -Distribution Structure
                      -Internet Distribution
                      -The Finance Consumer
                     -Future and Conclusions
                     -Economic Outlook
                     -The Car Finance Market
                    -Market and Product Trends
                   -Independent Finance Companies
                   -Direct Lenders
                   -Distribution
                   -Distribution and Block Exemption
                   -The Motor Finance Consumer

                    MARKET BACKGROUND
                   -The UK Economy
                   -Growth in Consumer Expenditure
                   -Future Economic Prospects
                   -The Impact of Higher Oil Prices
                   -Car Ownership Trends
                   -Households and Car Ownership
                   -Licence Holding
                   -Demand for New Cars in the UK
                   -New Car Registrations
                   -Size of the Car Parc
                   -The Company Car Parc
                   -Structure of the Car Parc
                   -Scrappage Rates and Car Parc Age
                   -Car Parc by Manufacturer

                  THE RETAIL CAR FINANCE MARKET
                  -Market Size and Trends
                  -New Car Finance
                  -Used Car Finance
                  -Point of Sale (POS) Car Finance
                  -POS New and Used Cars
                  -POS New Cars
                  -POS Used Cars
                  -Direct Car Finance (Personal Loans)
                  -New Car Loans
                  -Used Car Loans
                  -POS Finance Market Product Segmentation
                  -POS Product Segmentation - New Cars
                  -POS Product Segmentation - Used Cars
                  -Market Trends
                  -Voluntary Terminations
                  -Sub-Prime Finance
                  -Product Trends
                  -Conditional Sale and PCPs
                  -Hire Purchase

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                  -POS Motor Loan
                  -Personal Leasing
                  -Personal Loans
                  -Deferred Personal Loans
                  -Mortgage-Related Loans
                  -Credit Card Cheques
                  -Vehicle Manufacturer Discounted Finance

                  FACTORS INFLUENCING THE MARKET
                  -Vehicle Taxation
                  -Block Exemption Regulations
                  -Car Replacement Cycles
                  -From Outright Purchase to Pay-for-Use
                  -From Used to Nearly-new
                  -Used Car Residual Values
                  -The Effect of New Car Price
                  -Low Interest Rates and Low Cost Finance
                  -Rising Demand For Credit
                  -Over-indebted Consumers
                  -Rising House Prices
                  -Mortgage Equity Withdrawal
                  -County Court Judgements
                  -Finance Legislation
                  -Consumer Credit Regulations
                  -Consumer Credit Act Review
                  -EU Consumer Credit Directive
                  -Basel II Capital Accord
                  -EU Money Laundering Directive
                  -FSA Regulations
                  -FSA Requirements
                  -Timetable For Applications
                  -Impact of the Regulations on the Motor Industry
                  -Levels of Authorisation

                  THE SUPPLY STRUCTURE
                  -Vehicle Manufacturer Finance Companies
                  -Ford Credit
                  -GMAC
                  -Volkswagen Financial Services
                  -Independent Finance Companies
                  -First National Motor Finance
                  -Black Horse Motor Finance
                  -Capital Bank Motor
                  -GE Capital Woodchester
                  -Other Finance Companies
                  -Direct Lenders
                  -High street Banks
                  -Building Societies
                  -Internet Banks
                  -Other Direct Lenders

                 CAR FINANCE DISTRIBUTION
                 -Distribution Structure
                 -Franchised Car Dealers
                 -Independent Car Dealers
                 -Channel Usage for Loans
                 -Internet Distribution

                THE FINANCE CONSUMER
                 -Trends in Purchase Finance
                 -Finance Methods Used
                 -Demographic Analysis of Main Finance Methods
                 -Finance Methods Used by Vehicle Make and Length of Ownership

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                -Demographics of Personal Loan Users
                -Vehicle Purchase Price and Finance
                -Research Conclusions

               THE FUTURE AND CONCLUSIONS
                -The UK Economy
                -Interest Rates
                -House Prices
                -External Shocks
                -Consumer Disposable Incomes
                -Effect of a Slowdown in Consumer Spending
                -The Car Finance Market
                -Market and Product Trends
                -Market and Product Opportunities
               -The Supply Structure
                -Independent Finance Companies
                -Direct Lenders
                -Distribution
                -Distribution and Block Exemption
                -The Motor Finance Consumer

                 APPENDICES
                -Vehicle Manufacturer Captive Finance Companies
                -Direct Finance Loans
                -Unsecured Car Loans
                -Deferred Car Purchase Loans
                -Telephone Loans
                -Internet Loans
                -Direct Lenders Standard Loans (36 Months)
                -High Street Lenders Standard Loans (36 Months)
               -Consumer Research
               -Sample Profile and Penetration

                 Index

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                      Product Name:      MFBI UK Retail Car Finance Market 2004
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