摘要: |
Lenders and finance platform providers report increased online vehicle financing activity, albeit mixed with dealership interaction, although the trend is far more pronounced in used than new. While highlighting the caveat that online finance may have been instigated at the dealer's suggestion, figures from online retail platform provider iVendi indicate a massive jump in consumers arranging their own funding. In Q1 2019, 10% of online finance applications resulting in a transaction were self-managed by the consumer. Just as the country went into the first lockdown, Q1 2020 had seen steady growth to 15% but by Q1 2021, that figure had leapt to 37%. More than a quarter (26%) were managed solely by the consumer although it is unknown if any were at the dealer's suggestion, while 11% had dealer input. |