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Why the decline in auto retail finance?
Monday, May 18 2009 :: Keywords: car finance :: Permalink
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Download Article on Car Finance Report - ARN May 09.pdf
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Auto Retail Bulletin's May 2009 issue carries a feature on Trend Tracker's 2009 UK Retail Car Finance market study, explaining how the global financial crisis has interacted with new and used car demand and hit direct lending even harder than point-of-sale vehicle finance.
Auto Retail Bulletin is a subscription journal to which Trend Tracker director Chris Oakham contributes a monthly column on topical auto retail and aftermarket issues. Our thanks to editorial director Rupert Saunders.
The major reason for a decline in automotive finance is down to the withdrawal of certain sub prime lenders such as Welcome car finance. There is currently a huge gap in the market for a sub prime lender to cherry pick some good customers that have just had a few blips and that high street lenders won't take the risk on.