Market Research Report
Global Automotive Financing Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||354346|
|Published||Content info||45 Pages
|Global Automotive Financing Market 2016-2020|
|Published: February 29, 2016||Content info: 45 Pages||
The automotive financing business is creating new revenue generating opportunities for banks. This market's pricing and distribution strategies are very different from other forms of consumer finance asset classes. Captive lenders dominated the market until the 2007 financial crisis, which led to the decline of many top vendors and caused others to scale back. Some of the major automotive finance providers are banks, credit unions, and non-banking finance company.
Automotive lending is one of the fastest-growing asset classes in retail banking. This growth is attributed to the rise in new car sales since 2014. The development of automotive financing markets offers banks opportunities to expand their market share. Automotive finance's prevailing third-party approach to distribution means that lenders in need of revenue can grow different assets and income without a substantial hike in their distribution costs during the forecast period.
Technavio's analysts forecast the global automotive financing market to grow at a CAGR of 4.56% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive financing market for 2016-2020. To calculate the market size, the report considers the total automotive financing offered for new cars and used cars in G20 countries.
The market is divided into the following segments based on geography:
Technavio's report, Global Automotive Financing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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