As Q4 2022 looms, it brings with it numerous factors that will challenge UK households – and could put significant pressure on consumers’ propensity to divert income towards a car purchase. So how do we address the challenges to both consumer spending and our business objectives?
There are some early signs that used car volumes are beginning to soften. The causes of this are clear to see; inflation is rising, and there are increases in both interest rates and the general cost of living. Both CAP and Auto Trader have already reported modest decreases in used car values. Similarly, BCA and […]
In a highly buoyant used car retail environment it is important to remain focused on the best customer outcome for used car finance consumers, both in terms of increased cost-of-living pressures and also longer-term used car residual value protection.
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