市場調査レポート

英国の消費者向け自動車金融サービス市場

Consumer Automotive Financial Services in the UK

発行 Finaccord Ltd. 商品コード 278442
出版日 ページ情報 英文 65 pages
納期: 即日から翌営業日
価格
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英国の消費者向け自動車金融サービス市場 Consumer Automotive Financial Services in the UK
出版日: 2016年03月01日 ページ情報: 英文 65 pages
概要

英国の個人向け自動車保険は2011年で15.1億ポンドと推定されております。

当レポートでは、英国の80の大手カーディーラーと47のメーカーブランドの消費者向け自動車金融サービスへの調査に基き、新車および中古車の販売と組み合わされた英国の消費者向け自動車金融サービス市場について分析すると共に、債権者保険、自動車保険、延長保証、ロードアシスタンス、ギャップ保険、プリペイドサービス契約、軽微損害保険、MOTプロテクション、タイヤ保険などについても分析しております。また英国の消費者向け自動車金融サービスにおける現在および将来の機会へのガイドを提供しつつ概略下記内容でお届け致します。

エグゼクティブサマリー

第1章 はじめに

  • この報告書では何を取り扱うか
    • 個人向け乗用車販売に関連した金融サービスに焦点
  • 理論的根拠
    • 金融サービスの提供は自動車売上げと収益の両方をサポートするために不可欠
    • このレポートでは、一次調査に基づいて英国における詳細な最新分析を提供している
  • 調査方法
    • ディーラーとメーカーの調査
    • 市場データ分析
    • 外部ソース
  • 定義
    • 金融およびリース製品
    • 保険、保証および支援商品品
    • 運用モデル
    • ひも付きおよびフリーのプロバイダ
    • 略語
    • 通貨、為替レートおよびインフレ
  • PartnerBASEと市場データについて
  • Finaccord について

第2章 市場分析

  • はじめに
  • 乗用車データ
    • 2012年の新車販売台数は、2011年比で5%増加した
    • VWは英国の大手メーカーグループとしてフォードから首位を取った
  • 消費者向け自動車金融およびリース市場
    • 市場規模と成長
    • 金融やリース製品の種類
  • 消費者向け自動車保険、保証および支援市場
    • 市場規模
  • 自動車ディーラーとメーカーブランドに関する調査 - 概要
    • はじめに
    • 消費者向け自動車金融サービスの提供
    • ディーラースキームの数と性質
    • ディーラーが販売する自動車保険の種類
    • ディーラーによって提供されるロードアシスタンスの提供元
    • ディーラーを通しての自動車金融サービスへの消費者の取り込み
  • 自動車ディーラーとメーカーブランドに関する調査 - 提携
    • はじめに
    • 金融およびリース
    • 債権者保険
    • 自動車保険
    • 延長保証
    • ロードアシスタンス
    • ギャップ保険
    • プリペイドサービス契約
    • 軽微損害保険
    • MOTプロテクション
    • タイヤ保険

このページに掲載されている内容は最新版と異なる場合があります。詳細はお問い合わせください。

目次

Consumer Automotive Financial Services in the UK investigates the market for automotive financial services linked to sales of new and used passenger cars to individual buyers in the UK. In addition to analysing the market for finance and leasing services, the study also covers motor insurance, road assistance, extended warranties, prepaid service contracts, GAP insurance, minor damage insurance, MOT protection and tyre insurance.

Using survey results for average take-up rates for finance and leasing propositions at the point of sale, data for the size and growth of the automotive finance and leasing market for consumers in the UK is provided in terms of gross advances and assets leased for 2011 to 2015 with splits between finance for new and used cars and between finance organised through dealerships at the point of sale and directly with banks or other lending or leasing providers.

Moreover, also by means of data for average take-up rates, the markets for motor insurance, road assistance, extended warranties, prepaid service contracts, GAP insurance, minor damage insurance and tyre insurance are sized in terms of gross written premiums and other revenues sold through the automotive trade (i.e. via dealers and manufacturers) in 2015. These markets, estimated to be worth GBP 1.86 billion in total in 2015, are broken down between new and used cars, and between new contracts sold during 2015 and in-force business sold in previous years but still being renewed in 2015.

The report draws on a survey of 80 leading car dealerships as well as an analysis of the approach to consumer automotive financial services of 47 car manufacturer brands in the UK. The PartnerBASE™ dataset that accompanies the report details each of the marketing initiatives for consumer automotive financial services traced by Finaccord for both dealers and manufacturers; a market data annexe is also available in a convenient spreadsheet format so that there is no need to re-enter key data points from the report.

In addition to captive finance companies owned by manufacturer brands, organisations covered by the report include the AA, Ageas, AutoProtect, Aviva, Barclays Partner Finance, Black Horse, Car Care Plan, Close Motor Finance, eDynamix, EMaC, Evolution Funding, iGO4 Partners, MAPFRE ABRAXAS, MotoNovo, Motorway Direct, Northridge Finance, Original Insurance Services, Premia Solutions, QBE, the RAC, Santander Consumer Finance, Smart Insurance, The Warranty Group, UK General and Zuto. Together, the report and database will provide you with the definitive guide to current and future opportunities in consumer automotive financial services in the UK.

Table of Contents

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

  • What is this report about?
    • The focus of the report is on financial services related to the sale of passenger cars to individuals
  • Rationale
    • The provision of financial services is essential to support both car sales and profitability
    • This report offers a detailed updated analysis of the subject in the UK based on primary research
  • Methodology
    • Survey of dealers and manufacturers
    • Market data
      • Computation of market data is based on a complex set of assumptions and variables...
      • ...in order to provide market segmentations in unrivalled detail
    • External sources
  • Definitions
    • Finance and leasing products
    • Insurance, warranty and assistance products
    • Operating models
    • Tied and non-tied providers
    • Abbreviations
    • Exchange rate
  • PartnerBASE and market data annexe
  • Finaccord

2.0 MARKET ANALYSIS

  • Introduction
  • Passenger vehicle data
    • The UK's new car market has been buoyant in recent years
    • Almost 20% of new car sales are due to manufacturer groups outside of the top ten
  • Consumer automotive finance and leasing market
    • Market size and growth
      • Point-of-sale finance for new cars expanded rapidly between 2011 and 2015...
      • ... with its value having more than doubled over this period of time
    • Types of finance and leasing product
      • Two products dominate point-of-sale finance in the UK...
      • ... with PCPs having increased in popularity
  • Consumer automotive insurance, warranty and assistance markets
    • Market sizes
      • In total, the automotive trade is likely to have sold contracts worth nearly GBP 2 billion in 2015
      • Regulatory intervention has yet to puncture the GAP insurance market
  • Survey of automotive dealers and manufacturer brands - overview
    • Introduction
    • Provision of consumer automotive financial services
      • Seven-day motor insurance policies are increasingly distributed by dealers
      • Prepaid service contracts are on offer from more than 80% of dealers
      • MOT protection is quite commonly promoted by manufacturer brands but not by dealers
    • Number and nature of dealer schemes
      • UK dealers are most likely to employ multiple providers for finance and leasing
    • Types of motor insurance policy sold by dealers
      • Where motor insurance is available from car dealers, this is always for comprehensive cover
    • Sources of road assistance distributed by dealers
      • Road assistance is most commonly packaged with factory and extended warranties
    • Consumer uptake of automotive financial services through dealers
      • Take-up rates for point-of-sale finance in the UK have risen for both new and used cars
      • Seven-day motor insurance cover is also increasingly acquired from dealers by car buyers...
      • ... as are prepaid service contracts
      • Purchase of extended warranties is mainly limited to buyers of used cars in the UK
  • Survey of automotive dealers and manufacturer brands - partnerships
    • Introduction
    • Finance and leasing
      • Black Horse remains the dominant non-tied provider of point-of-sale finance...
      • ... albeit there is rising competition from a range of different providers...
      • ... such as MotoNovo and Evolution Funding as well as Santander and Barclays
      • Three manufacturer brands utilise more than one partner for finance and leasing
      • Black Horse provides white-labelled vehicle finance for six manufacturer brands...
      • ... as do four other external finance providers
      • RCI Banque's business in the UK has expanded quite rapidly in recent years
      • Several manufacturer groups offer finance and leasing services in the UK via joint ventures
      • In the combined analysis, Black Horse emerges as the likely market leader
    • Motor insurance
      • The vast majority of dealers only distribute the policies of their manufacturer brands
      • Allianz is the leading underwriter in this field...
      • and benefits both from direct partnerships and ones intermediated by Original Insurance Services...
      • ... with which it began collaborating in the first quarter of 2015
      • Ageas, Aviva, iGO4 Partners and UK General are other significant competitors in this sector
    • Extended warranties
      • At least six non-tied providers of extended warranties are active in the UK market
      • Allianz Global Assistance and Car Care Plan are the leading providers through manufacturer brands
      • .with two other external providers having picked up mandates for extended warranty schemes
      • The leading provider holds over a quarter of the market in the combined analysis
    • Road assistance
      • A small number of dealers distribute the RAC's stand-alone road assistance policies...
      • ... and there is also evidence for usage of regional non-tied providers
      • Three main competitors vie for manufacturer brand mandates for road assistance
    • GAP insurance
      • There are numerous non-tied providers of GAP insurance competing to distribute through dealers...
      • .probably led by MAPFRE ABRAXAS, Car Care Plan and Premia Solutions
      • MAPFRE ABRAXAS also holds the highest weighted share of manufacturer brand partnerships...
      • ... with five other providers having picked up deals in this sphere
      • The combined picture is one of a comparatively fragmented market
    • Prepaid service contracts
      • EMaC is the dominant provider of non-tied products...
      • ... and will seek to continue growing at a healthy rate following acquisition by Innovation Group
      • Most manufacturer brands and groups reportedly operate prepaid service contracts on an internal basis
    • Minor damage insurance
      • Premia Solutions is the most heavily used provider of minor damage insurance...
      • ... albeit there are at least seven other non-tied competitors in this arena...
      • .and several firms working for this product with manufacturer brands
    • MOT protection
      • Few dealers offer MOT protection and none work with non-tied providers for it...
      • meaning that this small market is seemingly dominated by manufacturer-branded schemes
    • Tyre insurance
      • Dealers mostly use independent providers for tyre insurance, led by Premia Solutions
      • .since just two manufacturer brands have set up an official scheme

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

  • Key market data for consumer automotive financial services in the UK, 2015

1.0 INTRODUCTION

2.0 MARKET ANALYSIS

  • Passenger car parc and new / used passenger car sales in the UK, 2011 to 2015
  • Passenger car parc and new / used passenger car sales in the UK, 2011 to 2015 (table)
  • New passenger car registrations in the UK, segmented by manufacturer group, 2015
  • New and used passenger car finance market in the UK, segmented by distribution channel: volumes, 2011 to 2015
  • New and used passenger car finance market in the UK, segmented by distribution channel: values, 2011 to 2015
  • New and used passenger car finance market in the UK, segmented by distribution channel: values and volumes, 2011 to 2015 (table)
  • % split between the different types of finance and leasing contract organised at the point of sale in the UK, 2015
  • Total revenues from consumer automotive insurance, warranty, assistance and service contract markets in the UK, 2015
  • Total revenues from consumer automotive insurance, warranty assistance and service contracts in the UK, 2015 (table)
  • Comparison of the provision of each type of automotive financial service by dealers and manufacturer brands in the UK, 2016
  • Average number of tied and non-tied schemes organised by dealers for each type of automotive financial service in the UK, 2016 (table)
  • Average number of tied and non-tied schemes organised by dealers for each type of automotive financial service in the UK, 2016
  • % split between the different types of motor insurance policy sold at the point of sale in the UK, 2016
  • % availability of road assistance through factory warranties, annual service, extended warranties, motor insurance, prepaid service contracts and as a stand-alone product in the UK, 2016
  • % of new and used car purchasers acquiring each type of automotive financial service at the point of sale in the UK, 2016
  • Provision of finance and leasing by dealers in the UK, 2015: provision rate, product sources and provider share of non-tied partnerships
  • Provision of finance and leasing by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Implied market shares of new business for finance and leasing at the point of sale in the UK, 2015
  • Provision of motor insurance by dealers in the UK, 2015: provision rate, product sources and provider share of non-tied partnerships
  • Provision of motor insurance by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Provision of extended warranties by dealers in the UK, 2015: provision rate, product sources and provider share of non-tied partnerships
  • Provision of extended warranties by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Implied market shares of new business for extended warranties at the point of sale in the UK, 2015
  • Provision of road assistance by dealers in the UK, 2015: provision rate, product sources and provider share of non-tied partnerships
  • Provision of road assistance by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Provision of GAP insurance by dealers in the UK, 2015: provision rate, product sources and provider share of non-tied partnerships
  • Provision of GAP insurance by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Implied market shares of new business for GAP insurance at the point of sale in the UK, 2015
  • Provision of prepaid service contracts by dealers in the UK, 2015: provision rate, product sources and provider share of non-tied partnerships
  • Provision of prepaid service contracts by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Provision of minor damage insurance by dealers in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Provision of minor damage insurance by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Provision of MOT protection by dealers in the UK, 2015: provision rate and operating models
  • Provision of MOT protection by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
  • Provision of tyre insurance by dealers in the UK, 2015: provision rate, product sources and provider share of non-tied partnerships
  • Provision of tyre insurance by manufacturer brands in the UK, 2015: provision rate, operating models and weighted provider share of partnerships
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