The number of adults in the highest income bracket with a motor finance product decreased sharply between 2017 and 2022. Adults with a household income of over 50,000 British pounds had the highest ownership rate of motor finance products. Meanwhile, only five percent of people with an income of under 15,000 British pound had some motor finance in 2022.
Share of adults with motor finance in the United Kingdom from 2017 to 2022, by household income
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Financial Conduct Authority. (March 20, 2024). Share of adults with motor finance in the United Kingdom from 2017 to 2022, by household income [Graph]. In Statista. Retrieved November 06, 2024, from https://www.statista.com/statistics/793543/share-of-adults-with-motor-finance-united-kingdom/
Financial Conduct Authority. "Share of adults with motor finance in the United Kingdom from 2017 to 2022, by household income." Chart. March 20, 2024. Statista. Accessed November 06, 2024. https://www.statista.com/statistics/793543/share-of-adults-with-motor-finance-united-kingdom/
Financial Conduct Authority. (2024). Share of adults with motor finance in the United Kingdom from 2017 to 2022, by household income. Statista. Statista Inc.. Accessed: November 06, 2024. https://www.statista.com/statistics/793543/share-of-adults-with-motor-finance-united-kingdom/
Financial Conduct Authority. "Share of Adults with Motor Finance in The United Kingdom from 2017 to 2022, by Household Income." Statista, Statista Inc., 20 Mar 2024, https://www.statista.com/statistics/793543/share-of-adults-with-motor-finance-united-kingdom/
Financial Conduct Authority, Share of adults with motor finance in the United Kingdom from 2017 to 2022, by household income Statista, https://www.statista.com/statistics/793543/share-of-adults-with-motor-finance-united-kingdom/ (last visited November 06, 2024)
Share of adults with motor finance in the United Kingdom from 2017 to 2022, by household income [Graph], Financial Conduct Authority, March 20, 2024. [Online]. Available: https://www.statista.com/statistics/793543/share-of-adults-with-motor-finance-united-kingdom/