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How can financial providers ensure they turn the current volatility into an opportunity to grow and further establish themselves in the motor finance market?
Following our first paper on this topic, which went into detail about the current state of the industry, we now look further ahead in our new white paper, entitled Capitalising on volatility in the motor finance market: The three actions financial providers must take.
The motor industry is facing a perfect storm of difficulties: lower consumer spending power; drivers rethinking how they use their cars and even whether they need a car at all; an increase of available data; the growing popularity of diverse fuel options – all of this has created greater volatility within the market.
However, financial providers now have the opportunity to get a firm foothold in a fast-changing motor finance industry. To do this, these providers must:
- embrace the modern consumer’s desire for flexibility and control
- leverage their scale and brand value to become the consumer’s all-encompassing mobility solution provider
- harness data and become indispensable for connectivity in drivers’ everyday lives.
To find out how, download our motor finance white paper →
Take a look at our other useful resources for the financial services industry
Managing Director at Financial Services Capita Experience
Aparajita ‘Aps’ Ajit is the Managing Director responsible for the financial services market vertical that focuses on driving better outcomes for clients across pensions, payments, mortgages, retail banking, motor finance and fintech. She is an FCA senior manager function role holder for the regulated business under her oversight. Aps has extensive experience of working with financial services clients globally and is passionate about driving business value and positive customer impact.