Auto Finance Market | Analysis 2019-2031

Auto Finance Market by Type (Personal Vehicle and Commercial Vehicle), Providers (Private Sector Bank, Public Sector Bank, Captive, and NBFCs), Channels (Online and Offline Channels), Vehicle (New Vehicle and Used Vehicle) and Region – Global Industry Analysis, Size and Forecast, 2019-2031

Avalibale Format*:   Pivot  |  ReportID: INS251  |  Coverage: GLOBAL | Type: On-Demand
Category: Banking and Finance  |  Sub-Category: Insurance
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Auto Finance Market Introduction

Auto finance industry experienced healthy growth few years back owing to decline in automobile sales. In such a scenario major auto finance companies are focusing towards enhancing existing customer experience by implementing digital lending solutions. These solutions allow companies to improve overall lending process by reducing cost and paperwork.


Increasing number of fleet operators and emergence of new customers from rural markets especially in developing countries is creating lucrative opportunities for major companies operating in auto finance industry. However, international players offering financial services in automobile industry are setting up captives in emerging markets to increase financial penetration and customer base. Introduction of product with unique features to target customer proposition and emphasis on developing robust collection framework to limit credit losses are becoming emerging trends in the global auto finance market.


Market Dynamics

The auto finance market growth is mainly attributed to various major factors such as availability of banking and non-banking financial institutions offering loans for automobiles across the globe. Also, introduction of favourable government regulations for NBFS in developing and major countries is driving growth of the auto finance market. However, higher lending rates and loan defaults is hampering growth of the auto finance market. Further, decline in sale of automobiles is expected to affect market growth adversely in near future.


Market Scope

The global auto finance market is segmented based on type, providers, channel, and vehicle. Based on type the auto finance market has been bifurcated into commercial vehicle and personal vehicle. Commercial vehicle segment is further sub-segmented into agriculture trucks, commercial trucks, buses, and other commercial vehicles. The segment channel includes offline and online channels. By providers the market is classified into public sector bank, NBFCs, private sector bank, and captive. The global auto finance market has been segmented based on vehicle into used vehicle and new vehicle. Major geographies covered in the auto finance market are North America, Asia-Pacific, Latin America, Eastern Europe, and Western Europe.

Auto Finance Market Competitive Landscape

Prominent players operating in the auto finance industry are, General Motors, Autopay, prosper, lending club, USbank, Ally Financials, Hitachi Capital Asia Pacific, Wells Fargo, Volkswagen Financial Services, Toyota Financial Services, Bank of America, Ford Motor Credit, Citibank, BNP Paribas, HDFC Bank, Chase Auto Finance Corporation, Sberbank of Russia, OJSC Alfa-Bank, ZAO UniCredit Bank, and VTB Bank OJSC. Major companies in the market are focused towards offering auto finance coupled with low lending rates to increase customer base.


Major Regions/Countries include:
  • North America
    • United States
    • Canada
  • Western Europe
    • Germany
    • United Kingdom
    • Spain
    • France
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • ASEAN
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of MEA


This research report on auto finance market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.

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