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

Research and Markets
·3-min read

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

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900