Automotive Financing Market Report 2017-2027 - Visiongain Report
LONDON, May 25, 2018 /PRNewswire/ --
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
Visiongain has identified automotive financing as one of the largest markets for automotive companies and financing companies to exploit. Financing typically includes loans and leasing activities through various sources of finance such as banks, CLFCs, credit unions, and independent financial and leasing companies. The global Automotive Financing market is expected to reach US $ 4.79 Tn in 2017.
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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 are expected to come up with smarter collection and recovery strategies to reduce default rates.
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This report answers questions such as:
• How is the global automotive financing market evolving?
• What is driving and restraining automotive financing market dynamics?
• How will each automotive financing submarket segment grow over the forecast period and how much sales will these submarkets account for in 2027?
• Which automotive financing submarket will be the main driver of the overall market from 2017-2027?
• How will sociodemographic and macroeconomic factors influence regional automotive financing markets and submarkets?
• Which automotive financing region will lead the market in 2027?
• Who are the leading players and what are their prospects over the forecast period?
5 Reasons why you must order and read this report today:
1) The report provides detailed profiles of 15 leading companies operating within the automotive financing market:
- Ally Financials
- Wells Fargo
- Toyota Financial Services
- Bank of America
- Ford Motor Credit
- 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
- VTB Bank OJSC
2) Global Automotive Financing Forecast 2017-2027
3) The study further investigates the regional Automotive Financing market
- US Automotive Financing Market 2017-2027
- Europe Automotive Financing Market 2017-2027
- Germany Automotive Financing Market 2017-2027
- France Automotive Financing Market 2017-2027
- UK Automotive Financing Market 2017-2027
- Netherlands Automotive Financing Market 2017-2027
- Spain Automotive Financing Market 2017-2027
- RoE Automotive Financing Market 2017-2027
- APAC Automotive Financing Market 2017-2027
- RoW Automotive Financing Market 2017-2027
4) Our overview also forecasts and analyses the Automotive Financing market by sub segments from 2017-2027
- Captive Leasing and Financing Companies (CLFC) Automotive Financing Forecast 2017-2027
- Banks Automotive Financing Forecast 2017-2027
- Credit Unions Automotive Financing Forecast 2017-2027
- Independent Financial and Leasing Companies (Financial Leasing, Operating Lease) Automotive Financing Forecast 2017-2027
5) Analysis of disruptive trends & technologies influencing the automotive financing market, including new leasing models, digitalisation, on-demand mobility and the development of autonomous vehicles,