Independents and captives report strong appetite to lend

The Asset Finance Connect Asset Finance UK Outlook Report for H2 2024 offers an in-depth analysis of the key trends, challenges, and opportunities shaping the asset and auto finance sectors in the coming months. As the industry navigates a dynamic environment, this report aims to equip stakeholders with the knowledge to address emerging complexities effectively.

Download your copy of the report now by filling in the form to the right.

The political landscape is undergoing significant transformation with the election of a Labour government prioritising economic growth and sustainability. These policies create new opportunities while introducing regulatory changes that demand vigilance and adaptability from industry players.

A pivotal regulatory issue stems from the Court of Appeal’s ruling on motor finance, which could impose substantial financial liabilities on lenders. This landmark decision has implications for lending practices, pricing structures, and risk management strategies across the sector. Meanwhile, the FCA’s ongoing review of discretionary commission arrangements challenges the viability of traditional compensation models, prompting the industry to reassess compliance strategies without compromising growth.

Sustainability remains a top priority, with a growing emphasis on financing greener assets for SMEs. As environmental regulations evolve, asset financiers must innovate to support the transition to sustainable technologies, presenting both challenges and growth opportunities.

Report highlights include:

• Regulatory shifts: Impacts of the Court of Appeal’s motor finance ruling and the FCA’s review of discretionary commission arrangements.
• Economic & sustainability agenda: Opportunities from the Labour government’s focus on growth, housebuilding, and green finance.
• Market sentiment: Exclusive findings from our confidence survey show subdued borrowing appetite overall, with bright spots in SME demand and green asset finance.
• Innovation in finance: Growth in as-a-service and pay-per-use models, reflecting new customer priorities and environmental goals.
• Key risks: Addressing rising fraud, commission disclosure uncertainties, and cost pressures in staffing, compliance, and IT investment.

Featuring insights from the half-yearly confidence survey and expert industry commentary, this report provides a roadmap for navigating the industry’s shifting landscape, addressing regulatory hurdles, and seizing opportunities for sustainable growth.

Download the AFC Asset Finance UK Outlook Report now by completing the form and prepare your business for what lies ahead.