Abstract
Overview
Introduction
This product combines a briefing and an interactive forecasting model to
review the performance of the UK consumer credit market in Q3 2007 and discuss
its prospects for the rest of the year.
Scope
- Provides the latest marking sizing figures for the UK consumer credit
market by product line and analyses industry trends in Q3 2007.
- Covers unsecured personal loans, credit cards, motor finance, retail
finance (store cards, installment credit and mail order credit) and overdrafts.
- Details Datamonitor' s latest scenario based forecasts for the future of
the consumer credit market in an accompanying interactive Excel model.
Report Highlights
While Q2 2007 saw a continuation of the consumer credit market' s poor
performance, Q3 saw a slight improvement. High levels of consumer debt and a
lack of consumer confidence continue to restrict new business; however, Q3
2007 saw the best quarterly performance since Q4 2005, mostly as a result of
an improved credit card market.
Credit cards and overdrafts were the major catalysts behind the slight
improvement of the total consumer credit market in Q3 2007. However, many
products continue to perform weakly. This was true particularly for unsecured
personal loans and retail finance.
As the credit crunch has hit and a significant number of households are facing
financial difficulties, a number of lenders have exited the unsecured personal
loans market. Meanwhile, the fall of Northern Rock has left a significant gap
in the unsecured personal loans market.
Reasons to Purchase
- Review market performance in Q3 2007 to place your performance in context
to the market' s.
- View the latest independent quarterly and annual forecasts for the UK
consumer credit market to plan your future strategy with confidence
- Understand the key challenges facing lenders and the impact they are
having on the market.
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