Abstract
Introduction
The consumer credit market performed poorly in the first quarter of 2009 as
the credit crunch continued to affect the confidence of borrowers and lenders.
This latest edition of Datamonitor' s quarterly outlook series discusses recent
developments in the consumer credit market and provides the latest forecasts
for the period 2009-2013.
Scope of this research
- Provides the latest market sizing figures for the UK consumer credit
market.
- Covers an array of consumer credit lines - unsecured personal loans,
credit cards, overdrafts, retail finance and motor finance.
- Considers the latest developments in the UK economy in order to build up
three forecast scenarios for the next four years.
- Includes an accompanying interactive Excel model.
Research and analysis highlights
After more than two years of increases in the magnitude of year-on-year falls,
unsecured personal loans saw a noticeable uplift in the first quarter which
translated into a smaller year-on-year decline as gross advances increased by
14.6% compared to Q4 2008.
Motor finance gross advances saw the largest quarterly improvement between Q1
2009 and Q4 2008. Unsecured personal loans also grew whereas overdrafts,
credit cards and retail finance gross advances all dropped in Q1 2009. The
largest decline was seen in retail finance.
Datamonitor research shows that consumer attitudes to their finances are
adapting to the new conditions, with a large percentage saying that from now
on they intend to cut back significantly on their use of credit and save more
in the future.
Key reasons to purchase this research
- Review market performance in Q1 2009 to place your own performance in
context with the overall market.
- Use Datamonitor' s market forecasts to plan your future strategy with
confidence.
- Understand how the ongoing liquidity crisis has affected lenders and the
overall economy.
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