Why the decline in auto retail finance?

The government’s older car scrappage scheme is budgeted to create 300,000 extra new car sales in this fiscal year and, who knows, it may produce similarly spectacular results to those in Germany. But most of those extra sales will need financing, which is still problematical.

The scale of the problem with auto retail finance is the subject of Trend Tracker’s latest research report, The UK Retail Car Finance Market 2009, which tracks data from 2003 and forecasts the market to 2014. The report clearly shows just how hard the financing of car purchases has been hit by the so-called credit crunch.

Sorry, only Auto Retail Network subscribers can read all this article.
Subscribe to Auto Retail Bulletin now for only £245 per year to carry on reading this article and receive a monthly print copy of Auto Retail Bulletin magazine. Remember, every new subscription comes with a 90-day money back guarantee if you're not completely satisfied.

Auto Retail Bulletin presents strategic advice and analysis for senior executives and auto retail business owners. It helps you run your business successfully and takes away the information overload.

New subscribers receive a copy of the publication delivered directly to you each month, full access to all Auto Retail Bulletin content on our website plus a third off all other Auto Retail Network publications and events.

Subscribe online here or give us a call on 01572 336 600 during working hours. Alternatively, leave your details and we’ll contact you as soon as possible to arrange your subscription.

Already a subscriber?

Forgotten your password? Click here.