Global Automotive Finance Market Overview

Global Automotive Finance Market Size Was Valued at USD 270.60 billion In 2021, And Is Projected to Reach USD 412.29 billion By 2028, Growing at A CAGR of 6.2% From 2022 To 2028.

Financing firms or specialized automobile manufacturers provide car financing. It covers a variety of financial solutions, such as loans and leases, that enable buyers to purchase a vehicle. Furthermore, original equipment manufacturers (OEMs), banks, credit unions, brokers, and other financial organizations are the primary distributors of vehicle loan products and services. Furthermore, automobile or auto finance is a service that allows borrowers to buy vehicles without having to pay in full upfront. Several auto lending companies are modernizing their LOS systems. Lenders gain from faster response and processing times when they use LOS systems. They can also decline or approve online applications in minutes thanks to loan structuring and automated decision-making. Machine learning and artificial intelligence tools are being utilized by automotive financing companies to better organize used and new auto loans. Furthermore, with the support of LOS providers, lenders can readily exploit these revolutionary technologies in the cloud. Auto lenders can more accurately analyze risk and identify perfect borrowers because of machine learning and artificial intelligence. Therefore, it presents higher growth prospects during the forecasted period.

Automotive Finance Market

Market Dynamics And Factors For Automotive Finance Market

Drivers:

Rising Demand For Automobiles Globally, Pushing The Automotive Finance Market

Due to technological advancements in automobiles, demand is increasing, and the industry's client base is expanding at a rapid pace. Excessive expenditures on autonomous vehicles, as well as quick financing from dealers, banks, and credit unions, are all contributing to the global automotive financing market's rise. The worldwide automobile financing market is being driven by the rise of cab service financing, which aims to build a financing program that gives potential drivers flexible leases, weekly rentals, and discounts on the purchase of new cars. The rise of the automobile financing sector is being fueled by the development of cab service financing. In addition, increasing expenditures on driverless vehicles are boosting the worldwide automotive financing sector. Drivers like the ease and safety that autonomous vehicles bring, which has prompted various end-users to invest in R&D. Investments in autonomous vehicles necessitate funding from banks, credit unions, and dealers, raising the demand for automotive financing in the process. During the projection period, the automotive financing market would grow due to an increase in cab service financing as well as increased investments in autonomous vehicles.

Restraints:

Costly Interest Rates From Dealerships

The price of a vehicle is more important to buyers than the cost of financing. Consumers are prepared to pay $1 more in loan charges for every $0.86 drop-in vehicle price, according to a recent survey. Dealerships are aware of this and exploit it to their advantage when providing loans to buyers. For example, a dealer may lower the price of a car for a buyer who loans it via the dealership because the financing markup more than covers the difference. According to the study quoted above, if dealers couldn't adjust loan prices, car prices would drop by $350.25 on average. Another issue is that many customers are unaware of the impact of vehicle finance on the entire cost of ownership. According to a Federal Reserve poll, 76 percent of buyers haggled with the vendor over the vehicle's price, but just 31.6 percent haggled over the interest rate on their auto loan.

Opportunities:

Adoption of New Technologies In The Auto-Finance Sector

Because of developments in blockchain technology, superior telematics, an increase in the use of online services, and the burgeoning trend of digitalization, the number of automotive finance clients is increasing. Customers want simple and quick financing for old or new vehicles. Customers are now choosing financing providers who offer data-driven consulting services. Furthermore, these services assist consumers in determining a financial plan as well as appropriate vehicles that best meet their needs and interests.  Auto financing companies in Europe are redefining the auto loan process by using digital identification verification. This includes automated features such as digital identity document verification, such as a passport, driver's license, or national identification card (using smartphones to capture an image of an identity document, which is then analyzed to determine its authenticity.) This might happen in person with the applicant or remotely with a remote applicant. Also, facial recognition (comparison of a selfie to the image on a passport or ID card) enables remote circumstances where a customer is asking for financing from their home, business, or anywhere else. For example, in Spain, a captive auto loan provider recently implemented a new digital identity verification and agreement signing process across its dealer network. In France, the auto finance arm of a major automaker is doing the same, with plans to expand the auto loan procedure to include remote applicants as well.

Segmentation Analysis of Automotive Finance Market

By Provider Type, the Bank segment dominates the Automotive Finance Market.  The fast-processing characteristics combined with the need for minimal documentation, as well as the high-reliability features, have contributed to the banks' segment expansion. Previously, banks would only finance 70 percent to 80 percent of the total car cost. However, because these banks are now giving 100% financing on vehicles, clients are exhibiting greater interest in buying a new car rather than a used car. Also, no additional collateral is necessary since customers are not obliged to put up any additional collateral when taking out a car loan. This is because the vehicle will serve as a security for the bank, and if the borrower defaults on the loan, the bank has the right to confiscate and sell the vehicle to recoup the loan amount.

By Finance Type, the Loans segment dominates the Automotive Finance Market. For the majority of the world's population, taking out a loan to buy a car has been the key norm. Leasing and finance companies have more funding sources to make available to consumers as the credit environment improved. Furthermore, low-interest loans are being offered by banks and credit unions to customers. A vehicle loan is a financial assistance program offered by banks that makes it simple to purchase an automobile that would otherwise be prohibitively expensive. Leasing, on the other hand, Customers can lease a vehicle for a set amount of time and pay a monthly recurring payment. The lender is responsible for both car maintenance and insurance. As a result, it significantly reduces post-purchase expenses. Customers can also receive a better vehicle at a reduced cost through leasing, and they can change or upgrade cars without problem.

By Vehicle Condition, the New segment dominates the automotive finance market. Globally, sales of medium and heavy commercial vehicles have climbed significantly. Growing disposable income, rising living standards in developing countries, and the approaching new trend of autonomous vehicles will all help to raise passenger car sales, which will increase demand for new vehicle financing. The used car category is expected to increase at the fastest CAGR. The increase can be linked to an increase in used vehicle sales through internet sales portals. In addition, OEMs sell used automobiles through their showrooms, which increases demand for used vehicle financing.

Regional Analysis of Automotive Finance Market

The Asia Pacific is dominating the Automotive Finance Market. The expanding number of favorable government measures in nations like India, Japan, and China to stimulate automobile sector expansion while preserving customer interest is likely to generate growth prospects for regional markets. The region is seeing an increase in the selling of vehicles to meet people's needs. As a result, the rise of the regional market is predicted. Asia Pacific's fast-growing economies, where car finance is still a relatively new notion. Banks must become accustomed to structuring lending terms, while captives must adjust to high entrance costs and the necessity for extensive market education. Asia-Pacific leads the automotive financing market, followed by North America and Europe. Due to growing demand from Asia-Pacific, the loan market for used cars is likely to rise at a higher rate. Customers opting for luxury brands (due to reduced loan interest rates, increased standard of living, and consumers considering luxury cars as a status symbol) are likely to achieve robust sales in the premium car market over the next few years.

The European region showed robust growth in Automotive Finance Market. Sales growth of new and used vehicles (considering product mix changes, e.g. trend to more expensive SUVs) and the captive's penetration rates across its parent's brands in the countries it is active in, as well as the attractiveness of leasing and financing conditions (e.g. general interest rate level) for customers, are all major growth drivers of automotive finance services business contracts, revenues, and assets. Also, VW Europe Financial Services' product offering is an example of a captive business that is both asset-based and service-based. The traditional asset-based business model (banking, leasing, insurance, and services) has the best profitability, as seen in the graph above. Mobility services (fleet, used cars, charge & fuel, rental, parking) are next, followed by payment. In comparison to banking, leasing, insurance, and services, the frequency of contact in mobility and payment are substantially higher, which makes it less profitable. Furthermore, VW has warned that the automotive transition would result in additional sources of income as well as new sources of danger. Therefore, Automotive Finance Market presents substantial growth prospects in the European region during the forecasted period. 

COVID-19 Impact Analysis on Automotive Finance Market

The coronavirus pandemic is wreaking havoc on the global economy, with plant closures, supply chain disruptions, and lockdowns reducing demand, making it impossible for financing businesses to stay afloat throughout the outbreak. However, organizations are delivering streamlined and straightforward online financing environments to their clients, therefore the market is likely to increase significantly during the forecast period. Due to the current economic instability, automobile buyers have been compelled to postpone the purchase of a new or used car. Despite the slowing of automobile sales, auto lenders will have to prepare for an increase in servicing activity, such as refinancing and extension requests. To speed up remote service processes, auto lenders are turning to digital solutions. The COVID-19 pandemic, on the other hand, has accelerated the rise of online and digital channels for business-to-consumer transactions. OEMs and industry participants have begun to virtualize their dealerships or agreements and operate remotely in response to these trends. Other factors driving market expansion include significant R&D investments in autonomous vehicles from a variety of end-users, with a majority share in the industry during the forecast period.

Players Covered in Automotive Finance Market are

  • Ally Financial
  • Bank of America
  • Capital One
  • Chase Auto Finance
  • Daimler Financial Services
  • Ford Motor Credit Company
  • GM Financial Inc.
  • Hitachi Capital
  • Toyota Financial Services
  • Volkswagen Financial Services and other major players.

Key Industry Developments In Automotive Finance Market

January 2021, Volkswagen Finance Pvt. Ltd. (VWFPL)India has acquired a controlling investment in Chennai-based KUWY Technology Service Pvt Ltd. (KWY) to provide value-added services to its clients through digital platforms. The primary goal of this acquisition is to reduce loan processing time, resulting in a win-win situation for both dealers and clients.

January 2020, Volkswagen AG and Ford Motor Company have established a cooperation that would combine the car finance market's strengths and will likely invest and grow into cooperative development of electrified and self-driving technology.

Global Automotive Finance Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 270.60 Bn.

Forecast Period 2022-28 CAGR:

6.2%

Market Size in 2028:

USD 412.29 Bn.

Segments Covered:

By Provider Type

  • Banks
  • OEMs
  • Others

By Finance Type

  • Loan
  • Leasing

By Vehicle Condition

  • New
  • Used

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand For Automobiles Globally, Pushing The Automotive Finance Market

Key Market Restraints:

  • Costly Interest Rates From Dealerships

Key Opportunities:

  • Adoption of New Technologies In The Auto-Finance Sector

Companies Covered in the report:

  • Ally Financial; Bank of America; Capital One; Chase Auto Finance; Daimler Financial Services; Ford Motor Credit Company; GM Financial Inc and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Provider Type
 3.2 By Finance Type
 3.3 By Vehicle Condition

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Automotive Finance Market by Provider Type
 5.1 Automotive Finance Market Overview Snapshot and Growth Engine
 5.2 Automotive Finance Market Overview
 5.3 Banks
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Banks: Grographic Segmentation
 5.4 OEMs
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 OEMs: Grographic Segmentation
 5.5 Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Others: Grographic Segmentation

Chapter 6: Automotive Finance Market by Finance Type
 6.1 Automotive Finance Market Overview Snapshot and Growth Engine
 6.2 Automotive Finance Market Overview
 6.3 Loan
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Loan: Grographic Segmentation
 6.4 Leasing
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Leasing: Grographic Segmentation

Chapter 7: Automotive Finance Market by Vehicle Condition
 7.1 Automotive Finance Market Overview Snapshot and Growth Engine
 7.2 Automotive Finance Market Overview
 7.3 New
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 New: Grographic Segmentation
 7.4 Used
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Used: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Automotive Finance Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Automotive Finance Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Automotive Finance Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 ALLY FINANCIAL
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 BANK OF AMERICA
 8.4 CAPITAL ONE
 8.5 CHASE AUTO FINANCE
 8.6 DAIMLER FINANCIAL SERVICES
 8.7 FORD MOTOR CREDIT COMPANY
 8.8 GM FINANCIAL INC.
 8.9 HITACHI CAPITAL
 8.10 TOYOTA FINANCIAL SERVICES
 8.11 VOLKSWAGEN FINANCIAL SERVICES
 8.12 OTHER MAJOR PLAYERS

Chapter 9: Global Automotive Finance Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Provider Type
  9.2.1 Banks
  9.2.2 OEMs
  9.2.3 Others
 9.3 Historic and Forecasted Market Size By Finance Type
  9.3.1 Loan
  9.3.2 Leasing
 9.4 Historic and Forecasted Market Size By Vehicle Condition
  9.4.1 New
  9.4.2 Used

Chapter 10: North America Automotive Finance Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Provider Type
  10.4.1 Banks
  10.4.2 OEMs
  10.4.3 Others
 10.5 Historic and Forecasted Market Size By Finance Type
  10.5.1 Loan
  10.5.2 Leasing
 10.6 Historic and Forecasted Market Size By Vehicle Condition
  10.6.1 New
  10.6.2 Used
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Automotive Finance Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Provider Type
  11.4.1 Banks
  11.4.2 OEMs
  11.4.3 Others
 11.5 Historic and Forecasted Market Size By Finance Type
  11.5.1 Loan
  11.5.2 Leasing
 11.6 Historic and Forecasted Market Size By Vehicle Condition
  11.6.1 New
  11.6.2 Used
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Automotive Finance Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Provider Type
  12.4.1 Banks
  12.4.2 OEMs
  12.4.3 Others
 12.5 Historic and Forecasted Market Size By Finance Type
  12.5.1 Loan
  12.5.2 Leasing
 12.6 Historic and Forecasted Market Size By Vehicle Condition
  12.6.1 New
  12.6.2 Used
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Automotive Finance Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Provider Type
  13.4.1 Banks
  13.4.2 OEMs
  13.4.3 Others
 13.5 Historic and Forecasted Market Size By Finance Type
  13.5.1 Loan
  13.5.2 Leasing
 13.6 Historic and Forecasted Market Size By Vehicle Condition
  13.6.1 New
  13.6.2 Used
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Automotive Finance Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Provider Type
  14.4.1 Banks
  14.4.2 OEMs
  14.4.3 Others
 14.5 Historic and Forecasted Market Size By Finance Type
  14.5.1 Loan
  14.5.2 Leasing
 14.6 Historic and Forecasted Market Size By Vehicle Condition
  14.6.1 New
  14.6.2 Used
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Automotive Finance Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 270.60 Bn.

Forecast Period 2022-28 CAGR:

6.2%

Market Size in 2028:

USD 412.29 Bn.

Segments Covered:

By Provider Type

  • Banks
  • OEMs
  • Others

By Finance Type

  • Loan
  • Leasing

By Vehicle Condition

  • New
  • Used

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand For Automobiles Globally, Pushing The Automotive Finance Market

Key Market Restraints:

  • Costly Interest Rates From Dealerships

Key Opportunities:

  • Adoption of New Technologies In The Auto-Finance Sector

Companies Covered in the report:

  • Ally Financial; Bank of America; Capital One; Chase Auto Finance; Daimler Financial Services; Ford Motor Credit Company; GM Financial Inc and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. AUTOMOTIVE FINANCE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. AUTOMOTIVE FINANCE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. AUTOMOTIVE FINANCE MARKET COMPETITIVE RIVALRY
TABLE 005. AUTOMOTIVE FINANCE MARKET THREAT OF NEW ENTRANTS
TABLE 006. AUTOMOTIVE FINANCE MARKET THREAT OF SUBSTITUTES
TABLE 007. AUTOMOTIVE FINANCE MARKET BY PROVIDER TYPE
TABLE 008. BANKS MARKET OVERVIEW (2016-2028)
TABLE 009. OEMS MARKET OVERVIEW (2016-2028)
TABLE 010. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 011. AUTOMOTIVE FINANCE MARKET BY FINANCE TYPE
TABLE 012. LOAN MARKET OVERVIEW (2016-2028)
TABLE 013. LEASING MARKET OVERVIEW (2016-2028)
TABLE 014. AUTOMOTIVE FINANCE MARKET BY VEHICLE CONDITION
TABLE 015. NEW MARKET OVERVIEW (2016-2028)
TABLE 016. USED MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA AUTOMOTIVE FINANCE MARKET, BY PROVIDER TYPE (2016-2028)
TABLE 018. NORTH AMERICA AUTOMOTIVE FINANCE MARKET, BY FINANCE TYPE (2016-2028)
TABLE 019. NORTH AMERICA AUTOMOTIVE FINANCE MARKET, BY VEHICLE CONDITION (2016-2028)
TABLE 020. N AUTOMOTIVE FINANCE MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE AUTOMOTIVE FINANCE MARKET, BY PROVIDER TYPE (2016-2028)
TABLE 022. EUROPE AUTOMOTIVE FINANCE MARKET, BY FINANCE TYPE (2016-2028)
TABLE 023. EUROPE AUTOMOTIVE FINANCE MARKET, BY VEHICLE CONDITION (2016-2028)
TABLE 024. AUTOMOTIVE FINANCE MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC AUTOMOTIVE FINANCE MARKET, BY PROVIDER TYPE (2016-2028)
TABLE 026. ASIA PACIFIC AUTOMOTIVE FINANCE MARKET, BY FINANCE TYPE (2016-2028)
TABLE 027. ASIA PACIFIC AUTOMOTIVE FINANCE MARKET, BY VEHICLE CONDITION (2016-2028)
TABLE 028. AUTOMOTIVE FINANCE MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA AUTOMOTIVE FINANCE MARKET, BY PROVIDER TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA AUTOMOTIVE FINANCE MARKET, BY FINANCE TYPE (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA AUTOMOTIVE FINANCE MARKET, BY VEHICLE CONDITION (2016-2028)
TABLE 032. AUTOMOTIVE FINANCE MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA AUTOMOTIVE FINANCE MARKET, BY PROVIDER TYPE (2016-2028)
TABLE 034. SOUTH AMERICA AUTOMOTIVE FINANCE MARKET, BY FINANCE TYPE (2016-2028)
TABLE 035. SOUTH AMERICA AUTOMOTIVE FINANCE MARKET, BY VEHICLE CONDITION (2016-2028)
TABLE 036. AUTOMOTIVE FINANCE MARKET, BY COUNTRY (2016-2028)
TABLE 037. ALLY FINANCIAL: SNAPSHOT
TABLE 038. ALLY FINANCIAL: BUSINESS PERFORMANCE
TABLE 039. ALLY FINANCIAL: PRODUCT PORTFOLIO
TABLE 040. ALLY FINANCIAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. BANK OF AMERICA: SNAPSHOT
TABLE 041. BANK OF AMERICA: BUSINESS PERFORMANCE
TABLE 042. BANK OF AMERICA: PRODUCT PORTFOLIO
TABLE 043. BANK OF AMERICA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. CAPITAL ONE: SNAPSHOT
TABLE 044. CAPITAL ONE: BUSINESS PERFORMANCE
TABLE 045. CAPITAL ONE: PRODUCT PORTFOLIO
TABLE 046. CAPITAL ONE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. CHASE AUTO FINANCE: SNAPSHOT
TABLE 047. CHASE AUTO FINANCE: BUSINESS PERFORMANCE
TABLE 048. CHASE AUTO FINANCE: PRODUCT PORTFOLIO
TABLE 049. CHASE AUTO FINANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. DAIMLER FINANCIAL SERVICES: SNAPSHOT
TABLE 050. DAIMLER FINANCIAL SERVICES: BUSINESS PERFORMANCE
TABLE 051. DAIMLER FINANCIAL SERVICES: PRODUCT PORTFOLIO
TABLE 052. DAIMLER FINANCIAL SERVICES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. FORD MOTOR CREDIT COMPANY: SNAPSHOT
TABLE 053. FORD MOTOR CREDIT COMPANY: BUSINESS PERFORMANCE
TABLE 054. FORD MOTOR CREDIT COMPANY: PRODUCT PORTFOLIO
TABLE 055. FORD MOTOR CREDIT COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. GM FINANCIAL INC.: SNAPSHOT
TABLE 056. GM FINANCIAL INC.: BUSINESS PERFORMANCE
TABLE 057. GM FINANCIAL INC.: PRODUCT PORTFOLIO
TABLE 058. GM FINANCIAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. HITACHI CAPITAL: SNAPSHOT
TABLE 059. HITACHI CAPITAL: BUSINESS PERFORMANCE
TABLE 060. HITACHI CAPITAL: PRODUCT PORTFOLIO
TABLE 061. HITACHI CAPITAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. TOYOTA FINANCIAL SERVICES: SNAPSHOT
TABLE 062. TOYOTA FINANCIAL SERVICES: BUSINESS PERFORMANCE
TABLE 063. TOYOTA FINANCIAL SERVICES: PRODUCT PORTFOLIO
TABLE 064. TOYOTA FINANCIAL SERVICES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. VOLKSWAGEN FINANCIAL SERVICES: SNAPSHOT
TABLE 065. VOLKSWAGEN FINANCIAL SERVICES: BUSINESS PERFORMANCE
TABLE 066. VOLKSWAGEN FINANCIAL SERVICES: PRODUCT PORTFOLIO
TABLE 067. VOLKSWAGEN FINANCIAL SERVICES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 068. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 069. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 070. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. AUTOMOTIVE FINANCE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. AUTOMOTIVE FINANCE MARKET OVERVIEW BY PROVIDER TYPE
FIGURE 012. BANKS MARKET OVERVIEW (2016-2028)
FIGURE 013. OEMS MARKET OVERVIEW (2016-2028)
FIGURE 014. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 015. AUTOMOTIVE FINANCE MARKET OVERVIEW BY FINANCE TYPE
FIGURE 016. LOAN MARKET OVERVIEW (2016-2028)
FIGURE 017. LEASING MARKET OVERVIEW (2016-2028)
FIGURE 018. AUTOMOTIVE FINANCE MARKET OVERVIEW BY VEHICLE CONDITION
FIGURE 019. NEW MARKET OVERVIEW (2016-2028)
FIGURE 020. USED MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA AUTOMOTIVE FINANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE AUTOMOTIVE FINANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC AUTOMOTIVE FINANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA AUTOMOTIVE FINANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA AUTOMOTIVE FINANCE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be forecast period in the Automotive Finance market research report?

The forecast period in the Automotive Finance Market research report is 2022-2028.

Who are the key players in Automotive Finance market?

Ally Financial; Bank of America; Capital One; Chase Auto Finance; Daimler Financial Services; Ford Motor Credit Company; GM Financial Inc.; Hitachi Capital; Toyota Financial Services; Volkswagen Financial Services and Other major players.

What are the segments of the Automotive Finance Market?

The Automotive Finance Market is segmented into Provider Type, Finance Type, Vehicle Condition, and region. By Provider Type, the market is categorized into Banks, OEMs, and Others. By Finance Type, the market is categorized into Loan and Leasing. By Vehicle Condition, the market is categorized into New, Used. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Automotive Finance market?

Financing firms or specialized automobile manufacturers provide car financing. It covers a variety of financial solutions, such as loans and leases, that enable buyers to purchase a vehicle. Furthermore, original equipment manufacturers (OEMs), banks, credit unions, brokers, and other financial organizations are the primary distributors of vehicle loan products and services.

How big is the Automotive Finance market?

Global Automotive Finance Market Size Was Valued at USD 270.60 billion In 2021, And Is Projected to Reach USD 412.29 billion By 2028, Growing at A CAGR of 6.2% From 2022 To 2028.