ResearchMoz added Latest Research Report titled " The UK Consumer Credit Trends and Opportunities to 2019: World Market Size, Shares, Trends, Growth, Research and Analysis " to it's Large Report database.

Albany, NY -- (SBWire) -- 01/11/2016 --Consumer credit has shown consistent signs of growth since 2014 – the stock of lending has decreased only once in the year, and a half from then to June 2015 – for the first time since before the financial crisis. This is due to the recovery of consumer confidence, with the consumer confidence index recording its first positive number since the financial crisis in August 2014, and has been positive for every month since, up to June 2015.

Executive summary

Consumer credit strengthening since the start of 2014, as economic recovery gains momentum

Consumer credit has shown consistent signs of growth since 2014 – the stock of lending has decreased only once in the year and a half from then to June 2015 – for the first time since before the financial crisis. This is due to the recovery of consumer confidence, with the consumer confidence index recording its first positive number since the financial crisis in August 2014, and has been positive for every month since, up to June 2015. The demand for, and availability of, credit increased since the second quarter of 2014, and has also been a key factor.

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Record-low interest rates on personal loans driving other loans and advancements category

HSBC became the first lender to break the 5% interest rate barrier for its GBP7,500–15,000 personal loan in September 2014, triggering a price war between mainstream lenders, as each bank or building society tried to get to the top of the comparison tables. This has shown no sign of abating in the 10 months since, with Sainsbury's offering rates as low as 3.5% in August 2015.

This means that lending is cheaper than ever for consumers, which has unsurprisingly given the industry a boost. The personal loan category was hit harder than any other in the aftermath of the financial crisis, and the stock of personal loans remains over GBP30.0 billion below its January 2008 total, so there is still ample room for recovery.

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Motor finance continues to record extraordinary growth:

Motor finance is the only typical form of consumer credit that has recorded substantial growth for a prolonged period. Both the number of new cars bought from dealerships and the value of advances paid on new cars have grown monthly (on the previous year) consistently staying at above 20% since the beginning of 2012. The value of new cars has grown every single month since June 2011, while the value of used cars bought last declined in June 2012; unprecedented growth compared to the rest of the market during this period.

Scope:-

This report provides market analysis, information and insights into the UK consumer credit industry
It provides a breakdown of the types of unsecured loans offered in the UK
It analyses drivers and the outlook for the market
It provides information on the main banks in the UK market
It covers News and regulatory developments
It forecasts the future of the consumer credit industry in the UK over the next five years

Reasons to buy:-

Gain an understanding of the UK consumer credit industry.
Access monthly and annual statistics on every aspect of the UK consumer credit market, both in written form and in graphs and tables.
Read analysis of the relevant market statistics, outlining what has been happening in the consumer credit market, why it has been happening and what to expect over the coming years.
Read about economic factors impacting the UK consumer credit market
Read about how individual banks and building societies are affecting the market, in terms of market shares and innovations.

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