Global Automotive Financing Market

Description

Automotive financing is one of the largest markets that is available for both automotive as well as financing companies to exploit. Financing usually includes loaning and leasing activities through various channels of finance such as the banks, contractual agreement bank, credit unions, CLFCs as well as companies that provide independent financial and leasing help.In this type of system there is an agreement between the loan provider and the customer or the buyers. Automotive financing is currently one of the fastest growing asset classes in the retail banking sector of the banking.There are various type of financing methods used for this process, of which a common type of vehicle financing is “dealership financing.” In this arrangement, a buyer and a dealership enter into a contract where the buyer agrees to pay the amount financed, plus an agreed-upon finance charge, over an agreed period of time. The dealership has an option to retain the contract, but usually sells it to an assignee. The Global Automotive Financing Market is expected to grow at a CAGR of XX% and grow to a market size of about XX billion by the year 2022.

Market Dynamics

The major factor that is driving the growth of the automotive financial market is reduction in the interest rates at which the banks provide loans for the purchase of the vehicles or automobiles. Another factor that is drivingthe growth of this market is the reason that where earlier the vehicles were very expensive for every class of family now they are available in different price range which makes it easily affordable for the people of even lower middle class.

The only major constraint that is faced by this market is the regulations of a country which forces the financial institutions to give out the loans at a rate at which they do not desire to give the loans, it can either be above or below their desired rate. Another constraint is that there is no direct interaction between borrowers and the lending institutions.

Development and enhancement of motor vehicles is the major opportunity that is available for this market as this makes sure that the automobile for a rich family keeps on changing according to their change in preference. Also this again ensures that the new cheap vehicles are also available in the market at all times, for the lower middle class as this in turn increases the probability of them to take financial loans.

Market Segmentation

The market for Global Automotive Financing is primarily divided by three categories, they are
1) By Type
• OEMS
• CLFCs
• Banks
• Financial Institutions
2) By Type of Vehicle
• Passenger Cars
• Commercial Vehicles
3) By Purpose of Loan
• Loan
• Lease

Geographic Analysis

Currently the European region has thehighest sale for the cars with about 30-35% of the total automobile sales happening in this region. But with the increasing population of the world’s two most populous countries, India and China along with the improvement in their infrastructure for transportation and the availability of range of automobile for different class of people will drive the Asia-Pacific region to become the highest market share after the forecasted period of time.

Key Players

There are a large number of companies that are involved in this market. Some of them are mentioned below

Ally Financial, Bank of America, BMW, BNP Paribas, Chase Auto Finance, Citibank, Daimler Financial Services, Deutsche Bank, Ford Credit, HDFC Bank, Honda Financial Services, HSBC, ICICI Bank, Toyota Financial Services, Wells Fargo Dealer Services

Report ContentsRegional AnalysisReport Highlights
  • Market segments
  • Market Drivers, Restraints and Opportunities
  • Market Size & Forecast 2016 to 2022
  • Supply & Demand Value Chain
  • Market – Current Trends
  • Competition & Major Companies
  • Technology and R&D Status
  • Porters Five Force Analysis
  • Strategic and Critical Success Factor Analysis of Key Players
  • North America
    • US and Canada
  • Latin America
    • Mexico, Brazil, Argentina and Rest of Latin America
  • Western Europe
    • EU5 (Germany, France, Italy, Spain, U.K.)
    • Nordic Countries (Denmark, Finland, Norway, and Sweden)
    • Benelux (Belgium, The Netherlands, and Luxembourg)
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
    • South Africa
    • North Africa
    • Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

  • Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
  • Consumer and Pricing Analysis
  • Market dynamics of the industry
  • Market Segmentation
  • Estimated Market Sizing in terms of volume and value
  • Recent trends in Market and impact
  • Research Status and Technology Overview
  • Extensive Industry Structure Coverage

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$3,850.0

Industry Analysis, Forecasts and Opportunity Assessment (2017-2022)

  • Market Trends, Dynamics and Regulatory Framework
  • Regional and Cross-segment Sales Figures
  • Extensive Industry Structure Coverage

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