Research: The Middle Market for Commercial Finance 2001-2003 (BIS Shrapnel)

Commercial finance slumps.

The commercial finance sector is at its weakest for five years as demand for truck and car finance falls heavily.

Mr Mike Beder said he expected the market for motor vehicles to recover slightly over the next two years. The agriculture, construction and earth-moving markets have also weakened recently. "Links with banks are becoming more important in targeting clients with two-thirds of respondents choosing to use their own banks (or their related finance companies) as their first source of funding..."

Sourced from: The Australian Financial Review, 22 October 2001