09 August 2017
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.
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