More than three out of four (77%) dealers say that rapidly rising insurance costs mean that some cars have become difficult to sell.
More than half of people (55%) say lower prices would be the number one factor that would bring them into the used car market.
Technology and processes that allow for real-time online decisioning are set to be a key factor for the motor finance sector in 2021, Startline is predicting.
The next wave of motor finance technology should aim to better match customers with the solution that best meets their needs.
Dealers need to take a fresh look at their lending panel and see whether it is still fit for purpose in a post-Brexit world.
