International Auto Finance Network - Late 2014 Research

Major New Report by International Auto Finance Network identifies key new opportunities for growth for auto finance as industry confronts change

International Auto Finance Network's long awaited major CEO research report, CEO Study – Priorities for the Auto Finance Industry produced in association with the University of Buckingham and Grant Thornton, has identified mobility solutions and better use of data as key opportunities for the auto finance industry but warns that the industry believes that it is slow to innovate, and can make poor use of its IT.

The report highlights an industry which is seeking to respond to a changing market, and recognises the danger from technology savvy new entrants entering the market. Respondents overwhelmingly expect that people will not just shop around on the internet for the cheapest new car price, but will similarly go online to find the best finance deal. The industry expects to see Compare-The-Market style websites for funding.

“The results from this survey are interesting and point to some key areas of focus. Few would have predicted a few years ago that clients would be reconsidering the way their employees get from A to B and therefore the introduction of mobility solutions.” said Tarun Mistry, Partner Automotive Advisory from Grant Thornton.

“It is good to see that market players believe that PCP still offers growth opportunities and have noticed that this is part of a general move away from ownership to usership.” he added.

How to download a copy of the research report

Copies of IAFN’s research report CEO Study – priorities for the auto finance industry are available free for download. 

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