‘Automotive Financing Market Worth Us$ 4.79 Tn In 2017’ Says Visiongain Report

09 August 2017
Automotive

Visiongain’s new report the Automotive Financing Market Report 2017-2027: 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 sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
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.

Recent News

“Automotive Usage Based Insurance market will register 204 million policy holders by 2030” says Visiongain report

The global automobile UBI market is expected to be valued at $29.0 billion in 2020 and is likely to reach $90.5 billion by the end of 2030.

11 December 2019

Read

What Are Some Key Trends in the Auto Industry Today?

As one of the fastest-growing and changing industries in the world, the automotive sector can often be hard to pin down. That’s why many industry professionals and businesses rely on advanced automotive market research teams like Visiongain to provide them with the most important trends and tech updates. Staying on top of such things is one of the best ways …

08 October 2019

Read

“The Global Autonomous Ships Market was valued at $12.5 billion by 2029”, says Visiongain

The factors anticipated to boost the development of the autonomous ship industry are increased seaborne trade, increased compliance with maritime safety standards, and maritime tourism development

23 September 2019

Read

“The automotive terminal market will achieve revenue of $12.8 billion in 2019”, says Visiongain

The automotive Terminal market has been used in various applications including Cooling, Engine, & Emission Control, Safety & Security System, Body Control & Interiors, Infotainment, Lighting System, Battery System, and Others

23 September 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever