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 78 pages
納期: 即日から翌営業日
価格
本日の銀行送金レート: 1USD=102.85円で換算しております。
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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: 2013年05月01日 ページ情報: 英文 78 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
目次
Product Code: report_cafs_uk

‘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 creditor insurance, 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 2008 to 2012 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 institutions.

Moreover, also by means of data for average take-up rates, the markets for creditor insurance, 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 2012. These markets, estimated to be worth GBP 1.51 billion in total in 2012 (about EUR 1.79 billion), are broken down between new and used cars, and between new contracts sold during 2012 and in-force business sold in previous years but still being renewed in 2012.

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, Allianz Global Assistance, Barclays Partner Finance, Car Care Plan, Close Motor Finance, EMaC, MAPFRE ABRAXAS, Original Insurance Services, QBE, RAC, Santander Consumer Finance and The Warranty Group. 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

INTRODUCTION

  • What is this report about?
    • 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
    • Currencies, exchange rates and inflation
  • PartnerBASE and market data annexe
  • Finaccord

2.0 MARKET ANALYSIS

  • Introduction
  • Passenger vehicle data
    • New car sales in 2012 were 5% higher than in 2011
    • VW has taken top place from Ford as the leading manufacturer group in the UK
  • Consumer automotive finance and leasing market
    • Market size and growth
      • Finance take-up rates at the point of sale for new cars have risen sharply in the past two years...
      • ... causing the total market value to rise at a compound annual growth rate of 1.3% between 2008 and 2012
    • Types of finance and leasing product
      • Hire purchase and personal contract plans (PCPs) dominate the UK market
  • Consumer automotive insurance, warranty and assistance markets
    • Market sizes
      • In total, the automotive trade is likely to have sold policies worth around GBP 1.51 billion in 2012
      • Prepaid service contracts have experienced a rise in take-up rates...
      • ...while the distribution of motor insurance via the automotive trade remains limited to seven-day policies
  • Survey of automotive dealers and manufacturer brands - overview
    • Introduction
    • Provision of consumer automotive financial services
      • Provision rate data is indicative of a lack of certainty among dealers for what they should be selling...
      • ...albeit with growth in provision rates seen for prepaid service contracts and minor damage insurance
    • Number and nature of dealer schemes
      • On average, car dealers in the UK use more than three providers for finance and leasing...
      • ... while the number of partners for extended warranties and prepaid service contracts has also risen
      • The new Financial Conduct Authority is to investigate the sale of insurance products by dealers
    • Types of motor insurance policy sold by dealers
      • All motor insurance policies sold through dealers are comprehensive
    • Sources of road assistance distributed by dealers
      • Road assistance is rarely bundled with products other than extended warranties
    • Consumer uptake of automotive financial services through dealers
      • Take-up rates for point-of-sale finance in the UK have risen for new cars since 2010...
      • ...but have fallen sharply for extended warranties bought with both new and used cars
  • Survey of automotive dealers and manufacturer brands - partnerships
    • Introduction
    • Finance and leasing
      • Four non-tied competitors hold three quarters of dealer partnerships between them...
      • ...with over 20 active in the market as a whole
      • Four manufacturer brands utilise more than one partner for finance and leasing
      • Two of the top three providers are not captives
      • Santander Consumer Finance holds the most important single external partnership
      • Across all types of provider, the leading firm has an implied market share of new business of just 13.4%
    • Creditor insurance
      • Provision of creditor insurance has dwindled to just one manufacturer group
    • Motor insurance
      • The great majority of dealers only distribute the policies of their manufacturer brands
      • Nearly 30% of manufacturer brands' motor insurance partnerships are with brokers...
      • ... although Allianz and RSA have the largest weighted share of partnerships
      • Original Insurance Services has had a significant impact on partnership dynamics in this arena
    • Extended warranties
      • Most dealers that offer extended warranties work with non-tied competitors...
      • ...with competition coming from at least nine providers in the non-tied sector
      • Allianz Global Assistance and Car Care Plan are the leading providers through manufacturers...
      • ...with four other external providers competing for mandates
      • A combined analysis assigns an implied 23.2% market share to the leading extended warranty provider
    • Road assistance
      • Non-tied assistance providers are used to support the sale of used cars...
      • ...and three main competitors vie for manufacturer brand mandates for road assistance
    • GAP insurance
      • At least 15 non-tied competitors work with dealers to sell GAP insurance
      • ...led by MAPFRE ABRAXAS and The Warranty Group...
      • ...with MAPFRE ABRAXAS also holding the largest weighted share of manufacturer partnerships
      • A combined analysis of GAP insurance providers implies that the leading firm has 31.7% of the market
    • Prepaid service contracts
      • EMaC and dealers themselves dominate the provision of non-tied schemes
      • EMaC has experienced strong growth in revenues and employee numbers in recent years...
      • ... and is also the most visible external partner for manufacturer brands' schemes
    • Minor damage insurance
      • Non-tied providers account for three quarters of dealers' propositions...
      • ...with Allianz Global Assistance the leading external partner for manufacturer brands
    • MOT protection
      • Car Care Plan and The Warranty Group both work directly with dealers for this product...
      • ...while QBE and Aon are also active as partners of manufacturer brands
    • Tyre insurance
      • Dealers mostly use independent companies for tyre insurance, led by Premia Solutions...
      • ...since just three manufacturers have set up an official scheme themselves

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

  • Key market data for consumer automotive financial services in the UK, 2012

1.0 INTRODUCTION

2.0 MARKET ANALYSIS

  • Passenger car parc and new / used passenger car sales in the UK, 2008 to 2012
  • Passenger car parc and new / used passenger car sales in the UK, 2008 to 2012 (data)
  • New car registrations in the UK, segmented by manufacturer group, 2012
  • New and used passenger car finance market in the UK, segmented by distribution channel: volumes, 2008 to 2012
  • New and used passenger car finance market in the UK, segmented by distribution channel: values, 2008 to 2012
  • New and used passenger car finance market in the UK, segmented by distribution channel: values and volumes, 2008 to 2012 (data)
  • % split between the different types of finance and leasing contract organised at the point of sale in the UK, 2012
  • Total revenues from consumer automotive insurance, warranty, assistance and service contract markets in the UK, 2012
  • Total revenues from consumer automotive insurance, warranty, assistance and service contract markets in the UK, 2012 (data)
  • Comparison of the provision of each type of automotive financial service by dealers and manufacturer brands in the UK, 2013
  • Average number of tied and non-tied schemes organised by dealers for each type of automotive financial service in the UK, 2013
  • Average number of tied and non-tied schemes organised by dealers for each type of automotive financial service in the UK, 2013 (data)
  • % split between the different types of motor insurance policy sold at the point of sale in the UK, 2013
  • % availability of road assistance through factory warranties, extended warranties, motor insurance, prepaid service contracts and as a stand-alone product in the UK, 2013
  • % of new and used car purchasers acquiring each type of automotive financial service at the point of sale in the UK, 2013
  • Provision of finance and leasing by dealers in the UK, 2013: provision rate, product sources and provider share of non-tied partnerships
  • Provision of finance and leasing by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Implied market shares of new business for finance and leasing in the UK, 2013
  • Provision of creditor insurance by manufacturer brands in the UK, 2013: provision rate and operating models
  • Provision of motor insurance by dealers in the UK, 2013: provision rate, product sources and provider share of non-tied partnerships
  • Provision of motor insurance by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Provision of extended warranties by dealers in the UK, 2013: provision rate, product sources and provider share of non-tied partnerships
  • Provision of extended warranties by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Implied market shares of new business for extended warranties in the UK, 2013
  • Provision of road assistance by dealers in the UK, 2013: provision rate, product sources and provider share of non-tied partnerships
  • Provision of road assistance by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Provision of GAP insurance by dealers in the UK, 2013: provision rate, product sources and provider share of non-tied partnerships
  • Provision of GAP insurance by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Implied market shares of new business for GAP insurance in the UK, 2013
  • Provision of prepaid service contracts by dealers in the UK, 2013: provision rate, product sources and provider share of non-tied partnerships
  • Provision of prepaid service contracts by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Provision of minor damage insurance by dealers in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Provision of minor damage insurance by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Provision of MOT protection by dealers in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Provision of MOT protection by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
  • Provision of tyre insurance by dealers in the UK, 2013: provision rate, product sources and provider share of non-tied partnerships
  • Provision of tyre insurance by manufacturer brands in the UK, 2013: provision rate, operating models and weighted provider share of partnerships
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