Unaudited interim results presentation (pdf) - Imperial
Unaudited interim results presentation (pdf) - Imperial
Unaudited interim results presentation (pdf) - Imperial
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Jan-06<br />
Apr-06<br />
Jul-06<br />
Oct-06<br />
Jan-07<br />
Apr-07<br />
Jul-07<br />
Oct-07<br />
Jan-08<br />
Apr-08<br />
Jul-08<br />
Oct-08<br />
Jan-09<br />
Apr-09<br />
Jul-09<br />
Oct-09<br />
Jan-10<br />
Apr-10<br />
Jul-10<br />
Oct-10<br />
Jan-11<br />
Apr-11<br />
Jul-11<br />
Oct-11<br />
Jan-12<br />
Apr-12<br />
Jul-12<br />
Oct-12<br />
Jan-13<br />
Vehicle affordability good<br />
» Debt servicing costs have declined<br />
» Consumers are changing their cars much earlier<br />
» Will support demand<br />
Debt service cost as a percent of<br />
disposable income<br />
Replacement cycles getting shorter<br />
(loan duration)<br />
14%<br />
12%<br />
10%<br />
8%<br />
6%<br />
4%<br />
2%<br />
0%<br />
50<br />
45<br />
40<br />
35<br />
30<br />
25<br />
20<br />
Used<br />
New<br />
Debt service cost as % of disposable income<br />
Source: NCR,UBSe<br />
Source: Wesbank,UBSe<br />
23
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