‘Automotive Financing Market Worth Us$ 4.79 Tn In 2017’ Says Visiongain Report
09 August 2017
Visiongain’s new report the Automotive Financing Market Report : Segment Forecast (Banks, Captive Leasing and Financing Company (CLFC), Credit Unions, Independent Leasing and Financing Companies (Financial Leasing, Operating Lease)) Plus Analysis of Leading Companies Providing Vehicle Purchasing Models In The Light of Disruptive On-Demand Mobility Solutions indicates that the global automotive financing market will reach US$ 4.79 Tn in 2017.
The lead analyst of the report said: “Automotive financing has become more competitive with an increase in the number of car showrooms and used-car outlets. Buyers have easy access to pre-approved credit from direct lenders. So, it is important to leverage analytics to build risk-based pricing models that ensure wider profit margins during the loan origination phase. Successful firms will find new opportunities in a demanding market while making the best of the existing portfolios during the forecast period. Specialized operating models, such as risk-based pricing, will enable cost-effective deployment of loans that suit economies of scale. To benefit from this, automotive finance providers must adapt to volatility and risk in market conditions and changing customer behaviour such as demand for instant loans. As a result, lenders will come up with smarter collection and recovery strategies to reduce default rates. Consumers have access to a range of automotive financing options because lenders from slow-growing consumer credit segments are moving into the automotive market. Consumers, however, have become more careful about choosing from all these financing options”.
The 130 page report contains 91 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive financing market. Visiongain provides market forecasts for the period 2017-2027 for 10 regions. The report also includes forecasts for the 4 main types of automotive financing including Captive Leasing and Financing Companies (CLFC), Banks, Credit Unions and Independent Financial and Leasing Companies
In addition, the report contains a dedicated leading companies’ chapter covering 15 companies leading the field in automotive financing including Ally Financials, Wells Fargo, Toyota Financial Services, Bank of America, Ford Motor Credit, Citibank, BNP Paribas, Volkswagen Financial Services, HDFC Bank, Chase Auto Finance Corporation, Hitachi Capital Asia Pacific, AK Sberegatel'nyi bank Rossiyskoy Federatsii OAO (Sberbank of Russia OJSC), ZAO UniCredit Bank, OJSC Alfa-Bank and VTB Bank OJSC
The Automotive Financing Market Report 2017-2027 report will be of value to anyone who wants to better understand the automotive financing market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive financing industry.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.
Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Visiongain Publishes Automotive Advanced Driver Assistance Systems (ADAS) Market Report 2023-2033
The global Automotive Advanced Driver Assistance Systems (ADAS) market was valued at US$25.87 billion in 2022 and is projected to grow at a CAGR of 14.8% during the forecast period 2023-2033.
26 April 2023
Visiongain Publishes Vehicle to Grid (V2G) Market Report 2023-2033
The global vehicle to grid (V2G) market was valued at US$1,014 million in 2022 and is projected to grow at a CAGR of 21.5% during the forecast period 2023-2033.
07 November 2022
Visiongain Publishes Auto Electrification Market Report 2022-2032
The auto electrification market was valued at US$82.7 billion in 2021 and is projected to grow at a CAGR of 10.30% during the forecast period 2022-2032.
30 September 2022
Visiongain Publishes Battery Electric Vehicle (BEV) Market Report 2022-2032
The global battery electric vehicle (BEV) market was valued at US$66,867 million in 2021 and is projected to grow at a CAGR of 18.6% during the forecast period 2022-2032.