The UK sanctions imposed as a result of Russia’s invasion of Ukraine have undoubtedly put intense pressure on businesses to review existing commercial arrangements and tighten sanctions.
Research and Markets: United Kingdom Used Car Finance Market Insight Report 2021 - ResearchAndMarkets.com
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The report focuses on the UK market for secured consumer finance for used/second-hand cars.
It also includes agreements for used motorcycles, vans and leisure vehicles (e.g. campervans) however cars represent over 95% of the relevant consumer market.
Secured loans are defined as those where the ownership of the vehicle rests with the lender during the life of the agreement.
The report excludes unsecured personal loans that some consumers may use when buying a car, which the publisher believes is now a relatively minor form of car finance.