Report Description

The automotive loan market is witnessing robust growth due to different factors such as changing preference towards modern lifestyle by replacing old models with modern models to improve the driving experience which has led to an increase in automotive sales, particularly in the metro cities. Consequently, with the rise in transportation activities in industrialization, due to which more consumers are looking out for automotive loans are few of the reasons, leading to the demand for automotive loans across the globe during the forecast period.

Automotive loan is provided by various financing companies which helps in buying a vehicle. Generally, the lender lends the money, and the borrower is required to return the loan in equated monthly instalments (EMIs) over a defined tenure at a specific interest rate. On the basis of vehicle, there is segment of two-wheeler loan which helps an individual to buy motorcycle and scooter and pay it later with EMIs. Passenger car includes hatchback, sedan, SUV and MPV. A commercial vehicle loan gives money to borrowers so they can purchase a vehicle for business or commercial use. Commercial vehicles include light, medium and heavy commercial vehicles. The purchase of these vehicle usually operated for commercial or industrial purposes which is financed by the services of commercial vehicle loans. Additionally, automotive loan is primarily provided through banks, NBFCs (non-banking financial companies, OEM (original equipment manufacturer), others (fintech companies) over a specified tenure and interest rate.

According to a report of Federal Reserve in the United States, around 35% of Americans depend on loan to pay for car. Moreover, Americans' total consumer debt is composed of 9.5% of auto loans. According to the report of MarkLine 2021, the automotive sales in United Staes is around 15.05 million, China automotive sale is 26.25 million, Germany automotive sale is 2.62 million. According to data, Americans have trillions of dollars in auto loan debt because of the high auto loan interest rates. In 2022, according to Federal Reserve Bank of New York quarterly report on household debt and credit, Americans currently owe USD1.52 trillion in automotive loan. Therefore, the above mentioned data show that despite being in debt the Americas are still buying vehicle by loan which is driving the automotive loan market.

Commercial Vehicle Loan Fuels the Market Growth

During the forecast period, it is anticipated that the commercial vehicles segment would have significant expansion. Commercial vehicles are more expensive than other types of vehicles, thus many banks and financial institutions have developed affordable loan plans with transparent terms and conditions. Additionally, approving loans for commercial vehicles requires less time than loans for personal vehicles. Hence, with the rise in commercial vehicles sales, the demand for commercial vehicle loans is also rising, For instance, in 2022 around 12.05 million commercial vehicles were sold in the United States and 3.3 million passenger cars were sold. Therefore, the above-mentioned factors are expected to support segment expansion. The expansion of the market is also being fueled by the increased demand for light commercial vehicles, which is being fueled by their adaptable performance in different conditions.

Expansion of Mobile and Web-Based Platforms is Fueling the Market Growth

Online lending services are one of the most innovative technologies that are currently gaining popularity in the market for automotive loans. Applications for smartphones and the web platforms that allow users to borrow money from lenders are easily available to lend loan. In comparison to traditional financing options, web- and mobile-based platforms helps individuals in applying, evaluating, and assisting for loan services. Additionally, with the rise in fintech platforms, automotive loans are simplified by enabling end-to-end digital loan approval, processing, and payment. Fintech industry is radically changing the landscape of finance industry worldwide in number of ways. Some of the main attributes of fintech industry are credit access, enhanced transaction speed, efficiency, refinancing and transparency. Therefore, above factors are also fueling the market growth of automotive loan industry across the globe.


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Banks are Gaining Significantly More Prominence Globally which is Driving Market Growth

Automotive loan allows an individual to buy a vehicle by borrowing money to pay the seller. Due to the lower interest rates offered by banks and trust factor that customers have toward banks, banks considered to be most preferred financing options by borrowers, therefore, banks dominated previous years and are expected to continue to dominate the automotive loan market throughout the projected period. Auto financing penetration in passenger vehicles grew from 75% at the beginning of 2020 to almost 80% in 2021. Due to the wide range of auto loan alternatives offered by banks, banks offer consumers the option for pre-approval. Previously, banks offered loan between 70 and 80% of the total cost of the vehicle. However, these banks are now providing 100% loan for the vehicle. This feature helps to compare estimated loan offers which is also helpful for customers. Therefore, various benefits offered by banks will grow the automotive loan market globally.

Market Segmentation

The automotive loan market is segmented on the basis of vehicle type, provider type, percentage of amount sanctioned, and tenure. Based on vehicle type, the market is divided into two-wheeler, passenger car, and commercial vehicle. Based on the provider type, the market is segmented into banks, NBFCs (non-banking financial companies, OEM (original equipment manufacturer), and others (fintech companies). Based percentage of amount sanctioned, the market is segmented into less than 25%, 25-50%, 51-75%, more than 75%. On the basis of tenure, the market is segmented into less than 3 years, 3-5 years, more than 5 years. On the basis of region, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Ally Financial Inc.; Bank of American Corporation; Daimler Financial Services; Capital One Financial Corporation; Ford Motor Credit Company; GM Financial Inc.; Mitsubishi HC Capital UK PLC; General Motors Financial Company, Inc.; Toyota Financial Services; JPMorgan Chase & Co. are among the major players driving the growth of the global automotive loan market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Vehicle Type

·         Provider Type

·         Percentage of Amount Sanctioned

·         Tenure

·         Region

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa, and South America

Country Scope

United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Turkey, Brazil, Argentina, Colombia

Key Companies Profiled

Ally Financial Inc.; Bank of American Corporation; Daimler Financial Services; Capital One Financial Corporation; Ford Motor Credit Company; GM Financial Inc.; Mitsubishi HC Capital UK PLC; General Motors Financial Company, Inc.; Toyota Financial Services; JPMorgan Chase & Co.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)


Report Scope:

In this report, the global automotive loan market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Automotive Loan Market, By Vehicle Type:
    • Two-Wheeler
    • Passenger Car
    • Commercial Vehicle
  • Global Automotive Loan Market, By Provider Type:
    • Banks
    • NBFCs (Non-Banking Financial Companies)
    • OEM (Original Equipment Manufacturer)
    • Others
  • Global Automotive Loan Market, By Percentage of Amount Sanctioned:
    • Less than 25%
    • 25-50%
    • 51-75%
    • More than 75%
  • Global Automotive Loan Market, By Tenure:
    • Less than 3 Years
    • 3-5 Years
    • More than 5 Years
  • Global Automotive Loan Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Turkey
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global automotive loan market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Automotive Loan Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Sample Size Determination

4.2.  Respondent Demographics

4.2.1.     By Gender

4.2.2.     By Age

4.2.3.     By Occupation

4.3.  Brand Awareness

4.4.  Factors Influencing Purchase Decision

4.5.  Sources of Information

4.6.  Challenges Faced After Purchase

5.    Global Automotive Loan Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Vehicle Type Market Share Analysis [Two-Wheeler, Passenger Car, Commercial Vehicle]

5.2.2.     By Provider Type Market Share Analysis [Banks, NBFCs (Non-Banking Financial Companies, OEM (Original Equipment Manufacturer), Others (Fintech Companies)]

5.2.3.     By Percentage of Amount Sanctioned Market Share Analysis [Less than 25%, 25-50%, 51-75%, More than 75%]

5.2.4.     By Tenure Market Share Analysis [Less than 3 Years, 3-5 Years, More than 5 Years

5.2.5.     By Regional Market Share Analysis

5.2.5.1.         North America Market Share Analysis

5.2.5.2.         South America Market Share Analysis

5.2.5.3.         Middle East & Africa Market Share Analysis

5.2.5.4.         Europe Market Share Analysis

5.2.5.5.         Asia-Pacific Market Share Analysis

5.2.6.     By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Automotive Loan Market Mapping & Opportunity Assessment

5.3.1.     By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.     By Provider Type Market Mapping & Opportunity Assessment

5.3.3.     By Percentage of Amount Sanctioned Market Mapping & Opportunity Assessment

5.3.4.     By Tenure Market Mapping & Opportunity Assessment

5.3.5.     By Region Market Mapping & Opportunity Assessment

6.    North America Automotive Loan Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type Market Share Analysis

6.2.2.     By Provider Type Market Share Analysis

6.2.3.     By Percentage of Amount Sanctioned Market Share Analysis

6.2.4.     By Tenure Market Share Analysis

6.2.5.     By Country Market Share Analysis

6.2.5.1.         United States Automotive Loan Market Outlook

6.2.5.1.1.             Market Size & Forecast

6.2.5.1.1.1. By Value

6.2.5.1.2.             Market Share & Forecast

6.2.5.1.2.1. By Vehicle Type Market Share Analysis

6.2.5.1.2.2. By Provider Type Market Share Analysis

6.2.5.1.2.3. By Percentage of Amount Sanctioned Market Share Analysis

6.2.5.1.2.4. By Tenure Market Share Analysis

6.2.5.2.         Canada Automotive Loan Market Outlook

6.2.5.2.1.             Market Size & Forecast

6.2.5.2.1.1. By Value

6.2.5.2.2.             Market Share & Forecast

6.2.5.2.2.1. By Vehicle Type Market Share Analysis

6.2.5.2.2.2. By Provider Type Market Share Analysis

6.2.5.2.2.3. By Percentage of Amount Sanctioned Market Share Analysis

6.2.5.2.2.4. By Tenure Market Share Analysis

6.2.5.3.         Mexico Automotive Loan Market Outlook

6.2.5.3.1.             Market Size & Forecast

6.2.5.3.1.1. By Value

6.2.5.3.2.             Market Share & Forecast

6.2.5.3.2.1. By Vehicle Type Market Share Analysis

6.2.5.3.2.2. By Provider Type Market Share Analysis

6.2.5.3.2.3. By Percentage of Amount Sanctioned Market Share Analysis

6.2.5.3.2.4. By Tenure Market Share Analysis

7.    Europe Automotive Loan Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type Market Share Analysis

7.2.2.     By Provider Type Market Share Analysis

7.2.3.     By Percentage of Amount Sanctioned Market Share Analysis

7.2.4.     By Tenure Market Share Analysis

7.2.5.     By Country Market Share Analysis

7.2.5.1.         France Automotive Loan Market Outlook

7.2.5.1.1.             Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.2.             Market Share & Forecast

7.2.5.1.2.1. By Vehicle Type Market Share Analysis

7.2.5.1.2.2. By Provider Type Market Share Analysis

7.2.5.1.2.3. By Percentage of Amount Sanctioned Market Share Analysis

7.2.5.1.2.4. By Tenure Market Share Analysis

7.2.5.2.         Italy Automotive Loan Market Outlook

7.2.5.2.1.             Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.2.             Market Share & Forecast

7.2.5.2.2.1. By Vehicle Type Market Share Analysis

7.2.5.2.2.2. By Provider Type Market Share Analysis

7.2.5.2.2.3. By Percentage of Amount Sanctioned Market Share Analysis

7.2.5.2.2.4. By Tenure Market Share Analysis

7.2.5.3.         Germany Automotive Loan Market Outlook

7.2.5.3.1.             Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.2.             Market Share & Forecast

7.2.5.3.2.1. By Vehicle Type Market Share Analysis

7.2.5.3.2.2. By Provider Type Market Share Analysis

7.2.5.3.2.3. By Percentage of Amount Sanctioned Market Share Analysis

7.2.5.3.2.4. By Tenure Market Share Analysis

7.2.5.4.         Spain Automotive Loan Market Outlook

7.2.5.4.1.             Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.2.             Market Share & Forecast

7.2.5.4.2.1. By Vehicle Type Market Share Analysis

7.2.5.4.2.2. By Provider Type Market Share Analysis

7.2.5.4.2.3. By Percentage of Amount Sanctioned Market Share Analysis

7.2.5.4.2.4. By Tenure Market Share Analysis

7.2.5.5.         United Kingdom Automotive Loan Market Outlook

7.2.5.5.1.             Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.2.             Market Share & Forecast

7.2.5.5.2.1. By Vehicle Type Market Share Analysis

7.2.5.5.2.2. By Provider Type Market Share Analysis

7.2.5.5.2.3. By Percentage of Amount Sanctioned Market Share Analysis

7.2.5.5.2.4. By Tenure Market Share Analysis

8.    Asia-Pacific Automotive Loan Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type Market Share Analysis

8.2.2.     By Provider Type Market Share Analysis

8.2.3.     By Percentage of Amount Sanctioned Market Share Analysis

8.2.4.     By Tenure Market Share Analysis

8.2.5.     By Country Market Share Analysis

8.2.5.1.         China Automotive Loan Market Outlook

8.2.5.1.1.             Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.2.             Market Share & Forecast

8.2.5.1.2.1. By Vehicle Type Market Share Analysis

8.2.5.1.2.2. By Provider Type Market Share Analysis

8.2.5.1.2.3. By Percentage of Amount Sanctioned Market Share Analysis

8.2.5.1.2.4. By Tenure Market Share Analysis

8.2.5.2.         Japan Automotive Loan Market Outlook

8.2.5.2.1.             Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.2.             Market Share & Forecast

8.2.5.2.2.1. By Vehicle Type Market Share Analysis

8.2.5.2.2.2. By Provider Type Market Share Analysis

8.2.5.2.2.3. By Percentage of Amount Sanctioned Market Share Analysis

8.2.5.2.2.4. By Tenure Market Share Analysis

8.2.5.3.         India Automotive Loan Market Outlook

8.2.5.3.1.             Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.2.             Market Share & Forecast

8.2.5.3.2.1. By Vehicle Type Market Share Analysis

8.2.5.3.2.2. By Provider Type Market Share Analysis

8.2.5.3.2.3. By Percentage of Amount Sanctioned Market Share Analysis

8.2.5.3.2.4. By Tenure Market Share Analysis

8.2.5.4.         South Korea Automotive Loan Market Outlook

8.2.5.4.1.             Market Size & Forecast

8.2.5.4.1.1. By Value

8.2.5.4.2.             Market Share & Forecast

8.2.5.4.2.1. By Vehicle Type Market Share Analysis

8.2.5.4.2.2. By Provider Market Share Analysis

8.2.5.4.2.3. By Percentage of Amount Sanctioned Market Share Analysis

8.2.5.4.2.4. By Tenure Market Share Analysis

8.2.5.5.         Australia Automotive Loan Market Outlook

8.2.5.5.1.             Market Size & Forecast

8.2.5.5.1.1. By Value

8.2.5.5.2.             Market Share & Forecast

8.2.5.5.2.1. By Vehicle Type Market Share Analysis

8.2.5.5.2.2. By Provider Market Share Analysis

8.2.5.5.2.3. By Percentage of Amount Sanctioned Market Share Analysis

8.2.5.5.2.4. By Tenure Market Share Analysis

9.    Middle East & Africa Automotive Loan Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type Market Share Analysis

9.2.2.     By Provider Type Market Share Analysis

9.2.3.     By Percentage of Amount Sanctioned Market Share Analysis

9.2.4.     By Tenure Market Share Analysis

9.2.5.     By Country Market Share Analysis

9.2.5.1.         South Africa Automotive Loan Market Outlook

9.2.5.1.1.             Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.2.             Market Share & Forecast

9.2.5.1.2.1. By Vehicle Type Market Share Analysis

9.2.5.1.2.2. By Provider Type Market Share Analysis

9.2.5.1.2.3. By Percentage of Amount Sanctioned Market Share Analysis

9.2.5.1.2.4. By Tenure Market Share Analysis

9.2.5.2.         Saudi Arabia Automotive Loan Market Outlook

9.2.5.2.1.             Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.2.             Market Share & Forecast

9.2.5.2.2.1. By Vehicle Type Market Share Analysis

9.2.5.2.2.2. By Provider Type Market Share Analysis

9.2.5.2.2.3. By Percentage of Amount Sanctioned Market Share Analysis

9.2.5.2.2.4. By Tenure Market Share Analysis

9.2.5.3.         UAE Automotive Loan Market Outlook

9.2.5.3.1.             Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.2.             Market Share & Forecast

9.2.5.3.2.1. By Vehicle Type Market Share Analysis

9.2.5.3.2.2. By Provider Type Market Share Analysis

9.2.5.3.2.3. By Percentage of Amount Sanctioned Market Share Analysis

9.2.5.3.2.4. By Tenure Market Share Analysis

9.2.5.4.         Turkey Automotive Loan Market Outlook

9.2.5.4.1.             Market Size & Forecast

9.2.5.4.1.1. By Value

9.2.5.4.2.             Market Share & Forecast

9.2.5.4.2.1. By Vehicle Type Market Share Analysis

9.2.5.4.2.2. By Provider Type Market Share Analysis

9.2.5.4.2.3. By Percentage of Amount Sanctioned Market Share Analysis

9.2.5.4.2.4. By Tenure Market Share Analysis

10.  South America Automotive Loan Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type Market Share Analysis

10.2.2.  By Provider Type Market Share Analysis

10.2.3.  By Percentage of Amount Sanctioned Market Share Analysis

10.2.4.  By Tenure Market Share Analysis

10.2.5.  By Country Market Share Analysis

10.2.5.1.      Brazil Automotive Loan Market Outlook

10.2.5.1.1.           Market Size & Forecast

10.2.5.1.1.1.               By Value

10.2.5.1.2.           Market Share & Forecast

10.2.5.1.2.1.               By Vehicle Type Market Share Analysis

10.2.5.1.2.2.               By Provider Type Market Share Analysis

10.2.5.1.2.3.               By Percentage of Amount Sanctioned Market Share Analysis

10.2.5.1.2.4.               By Tenure Market Share Analysis

10.2.5.2.      Colombia Automotive Loan Market Outlook

10.2.5.2.1.           Market Size & Forecast

10.2.5.2.1.1.               By Value

10.2.5.2.2.           Market Share & Forecast

10.2.5.2.2.1.               By Vehicle Type Market Share Analysis

10.2.5.2.2.2.               By Provider Type Market Share Analysis

10.2.5.2.2.3.               By Percentage of Amount Sanctioned Market Share Analysis

10.2.5.2.2.4.               By Tenure Market Share Analysis

10.2.5.3.      Argentina Automotive Loan Market Outlook

10.2.5.3.1.           Market Size & Forecast

10.2.5.3.1.1.               By Value

10.2.5.3.2.           Market Share & Forecast

10.2.5.3.2.1.               By Vehicle Type Market Share Analysis

10.2.5.3.2.2.               By Provider Type Market Share Analysis

10.2.5.3.2.3.               By Percentage of Amount Sanctioned Market Share Analysis

10.2.5.3.2.4.               By Tenure Market Share Analysis

11.  Market Dynamics

11.1.              Drivers

11.1.1.  Emergence of Web Based Platforms

11.1.2.  Hassle Free Transactions of Laon

11.1.3.  Rising Prominence of Banks

11.2.              Challenges

11.2.1.  High Competition and Market Saturation

11.2.2.  Rising Prices of Automobiles

12.  Impact of COVID-19 on Global Automotive Loan Market

12.1.              Impact Assessment Model       

12.1.1.  Key Segments Impacted

12.1.2.  Key Regions Impacted

12.1.3.  Key Countries Impacted

12.1.4.  Key Provider Type Impacted

13.  Market Trends & Developments

13.1.              Rise in Demand for Long Term Loans

13.2.              Availability of Electric Vehicles Loans

13.3.              Expansion of Mobile and Web-Based Platforms

13.4.              Surging Demand from Commercial Industries

13.5.              Digitalization of Financial Services

14.  Porter’s Five Forces Model

14.1.              Competitive Rivalry

14.2.              Bargaining Power of Buyers

14.3.              Bargaining Power of Suppliers

14.4.              Threat of New Entrants

14.5.              Threat of Substitutes

15.  SWOT Analysis

15.1.              Strengths

15.2.              Weaknesses

15.3.              Opportunities

15.4.              Threats

16.  Competitive Landscape

16.1.              Company Profiles

16.1.1.  Ally Financial Inc.

16.1.1.1.      Company Details

16.1.1.2.      Product & Services

16.1.1.3.      Financials (As Per Availability)

16.1.1.4.      Key Market Focus & Geographical Presence

16.1.1.5.      Recent Developments

16.1.1.6.      Key Management Personnel

16.1.2.  Bank of American Corporation

16.1.2.1.      Company Details

16.1.2.2.      Product & Services

16.1.2.3.      Financials (As Per Availability)

16.1.2.4.      Key Market Focus & Geographical Presence

16.1.2.5.      Recent Developments

16.1.2.6.      Key Management Personnel

16.1.3.  Daimler Financial Services

16.1.3.1.      Company Details

16.1.3.2.      Product & Services

16.1.3.3.      Financials (As Per Availability)

16.1.3.4.      Key Market Focus & Geographical Presence

16.1.3.5.      Recent Developments

16.1.3.6.      Key Management Personnel

16.1.4.  Capital One Financial Corporation

16.1.4.1.      Company Details

16.1.4.2.      Product & Services

16.1.4.3.      Financials (As Per Availability)

16.1.4.4.      Key Market Focus & Geographical Presence

16.1.4.5.      Recent Developments

16.1.4.6.      Key Management Personnel

16.1.5.  Ford Motor Credit Company

16.1.5.1.      Company Details

16.1.5.2.      Product & Services

16.1.5.3.      Financials (As Per Availability)

16.1.5.4.      Key Market Focus & Geographical Presence

16.1.5.5.      Recent Developments

16.1.5.6.      Key Management Personnel

16.1.6.  GM Financial Inc.

16.1.6.1.      Company Details

16.1.6.2.      Product & Services

16.1.6.3.      Financials (As Per Availability)

16.1.6.4.      Key Market Focus & Geographical Presence

16.1.6.5.      Recent Developments

16.1.6.6.      Key Management Personnel

16.1.7.  Mitsubishi HC Capital UK PLC

16.1.7.1.      Company Details

16.1.7.2.      Product & Services

16.1.7.3.      Financials (As Per Availability)

16.1.7.4.      Key Market Focus & Geographical Presence

16.1.7.5.      Recent Developments

16.1.7.6.      Key Management Personnel

16.1.8.  General Motors Financial Company, Inc.

16.1.8.1.      Company Details

16.1.8.2.      Product & Services

16.1.8.3.      Financials (As Per Availability)

16.1.8.4.      Key Market Focus & Geographical Presence

16.1.8.5.      Recent Developments

16.1.8.6.      Key Management Personnel

16.1.9.  Toyota Financial Services

16.1.9.1.      Company Details

16.1.9.2.      Product & Services

16.1.9.3.      Financials (As Per Availability)

16.1.9.4.      Key Market Focus & Geographical Presence

16.1.9.5.      Recent Developments

16.1.9.6.      Key Management Personnel

16.1.10.                JPMorgan Chase & Co.

16.1.10.1.    Company Details

16.1.10.2.    Product & Services

16.1.10.3.    Financials (As Per Availability)

16.1.10.4.    Key Market Focus & Geographical Presence

16.1.10.5.    Recent Developments

16.1.10.6.    Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.              Key Focus Areas

17.2.              Target Vehicle Type

17.3.               Target Tenure

18.   About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Key factors that are driving the Global Automotive Loan market growth include the increasing adoption of web based platforms or fintech companies, rising sales of passenger cars, rise in quick and hassle free transactions along with less documentation, emergence of NBFCs etc.

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Europe region dominated the Global Automotive Loan Market with the largest share. This emerges from the dominance of companies offering financing services for automotives. Additionally, the region's strong advertising sector has raised people's awareness regarding automotive loan plans, which has increased demand for automotive loan in the region.

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The market has a wide range of competitors, including banks, captives, financial institutions, and OEMs. Owing to the fierce competition, it is extremely difficult for these companies to attract new customers while also raising operating and marketing costs.

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Some key players operating in the Global Automotive Loan market include Ally Financial Inc.; Bank of American Corporation; Daimler Financial Services; Capital One Financial Corporation; Ford Motor Credit Company; GM Financial Inc.; Mitsubishi HC Capital UK PLC; General Motors Financial Company, Inc.; Toyota Financial Services; and JPMorgan Chase & Co.

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Srishti Verma

Business Consultant
Press Release

Europe to Dominate the Global Automotive Loan Market During the Forecast Period

Dec, 2022

Growing penetration of captive automotive finance, availability of loan benefits by governments for electric vehicles, rising digitalization in automotive loan are the leading factors driving the Aut