United Kingdom Used Car Finance Market Report 2021 with Profiles of the 25 Largest Used Vehicle Loan Providers

Dublin, Feb. 15, 2021 (GLOBE NEWSWIRE) -- The "UK Used Car Finance: Market Insight Report 2021" report has been added to ResearchAndMarkets.com's offering.

The report focuses on the UK market for secured consumer finance for used/second-hand cars.

• It also includes agreements for used motorcycles, vans and leisure vehicles (e.g. campervans) however cars represent over 95% of the relevant consumer market.

• Secured loans are defined as those where the ownership of the vehicle rests with the lender during the life of the agreement.

• The report excludes unsecured personal loans that some consumers may use when buying a car, which the publisher believes is now a relatively minor form of car finance.

• It includes agreements for vehicles that might be used for business purposes by individuals but are purchased by consumers rather than the businesses they run.

The report:

• Describes the overall used vehicle market size and historical growth rates.

• Profiles 25 largest used vehicle loan providers.

• Describes the role of brokers, including firms working with vehicle dealers and those dealing direct with consumers.

• Reviews drivers of used vehicle loan growth, setting out historical trends and available forecasts.

• Provides the forecast for the market to 2021, supported by evidence from market drivers and industry interviews.

Key Topics Covered:

About this report

• What does the report contain?

• What are the objectives of this report?

• Who is it useful for?

• What are the sources and methodology?

Summary

• The used car finance market

Market size and growth

• Outlook

About the Publisher

• Company background

• Consulting services

• Commercial/operational due diligence

• Custom market analysis

• Primary research

• Growth strategy

• Related research

List of Charts and Tables

• Used car finance market

• Definition of the market

• Types of finance offered to purchase cars

• Hire Purchase

• Personal Contract Plan (PCP)

• Lease

• Alternative products

• Non-POS car loan

• Personal loan

• Mortgage further advance

• Credit Card

• Types of customers

Market size and growth

• UK car market

• Dealer sales

• Franchised dealers

• Independent dealers

• Other vehicle distributors

• Motor finance penetration

• Motor finance volumes

• Non-prime lending

Market Drivers

• Regulatory landscape

• FCA authorisation

• Regulatory requirements

• Recent regulatory developments

• UK Economic performance

• Consumer borrowing

• Ability to service borrowing

• Wages

• Source: Bank of England Financial Stability Report November 2017

• Other market drivers

Competitive landscape

• Overview

• Success factors in dealer POS finance

• Market size and share

• Sub-Prime sector

• Split by channel

Major lenders

• Barclays Partner Finance

• Black Horse (Lloyds Banking Group)

• Close Brothers Motor Finance

• Hitachi Capital

• MotoNovo

• Santander UK plc

Other lenders

• 1st Stop Car Finance

• Advantage Finance

• Alphera

• Billing Finance

• Blue Motor

• First Response

• JBR Capital

• Mallard Vehicle Finance

• Marsh

• Moneybarn

• Moneyway

• NIIB Group

• Oodle Financial Services

• Paragon

• Private & Commercial

• Raphaels Bank

• Startline

• The Car Finance Company

• Other funders

• Admiral Loans

• Car Finance Limited

• Ratesetter

• Car dealer finance brokers

• Auto Union Finance

• Creditas

• DSG Financial Services

• Eurodrive

• Evolution Funding

• Jigsaw Finance

• Mann Island Finance

• Motion Finance

• Whichdeal Limited

For more information about this report visit https://www.researchandmarkets.com/r/qzu4vh

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