Global Auto Finance Market Report 2024

Auto Finance Global Market Report 2024 – By Finance (Direct, Indirect), By Vehicle Age (New Vehicles, Used Vehicles), By Loan Provider (Banks, Original Equipment Manufacturer (OEM), Credit Unions, Other Loan Providers) – Market Size, Trends, And Global Forecast 2024-2033

Auto Finance Global Market Report 2024

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Auto Finance Market Definition

Auto finance refers to the variety of financing options that enable customers to purchase an automobile under any arrangement other than a single, full cash payment. Auto finance makes it easy for customers to buy vehicles without using their savings upfront, which provides convenience and saves them time.

The main types of auto finance are direct and indirect. Direct auto financing refers to the act of directly requesting a car loan from a consumer lender, like a bank or credit union. Auto finance is provided to new and used vehicles by loan providers such as banks, Original Equipment Manufacturer (OEM), credit unions, and others.

Auto Finance Market Segmentation

The auto finance market covered in this report is segmented –

1) By Finance: Direct, Indirect

2) By Vehicle Age: New Vehicles, Used Vehicles

3) By Loan Provider: Banks, Original Equipment Manufacturer (OEM), Credit Unions, Other Loan Providers

Global Auto Finance Market Size 2023 to 2028: Graph

Auto Finance Market Size 2024 And Growth Rate

The auto finance market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to consumer credit expansion, introduction of installment plans, rise of leasing options, establishment of credit scoring systems, auto industry evolution.

Auto Finance Market Growth Forecast

The auto finance market size is expected to see rapid growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to digitalization in auto finance, shift to electric and shared mobility, alternative financing models, data privacy and security measures, economic trends impact. Major trends in the forecast period include contactless transactions, green financing incentives, usage-based insurance and financing, blockchain in auto finance, blockchain in auto finance..

Auto Finance Market Driver: Soaring Vehicle Costs Propel Growth As Consumers Seek Affordable Payment Solutions Amidst Rising Car Prices

Rising vehicle costs are significantly contributing to the growth of the auto finance market going forward. Vehicle costs refer to the sum paid to a dealer in exchange for the vehicle. The increase in car prices is increasing loan amounts and lengths, making the larger loans seem more affordable, which increases the need for better auto financing. For instance, in May 2023, according to data released by the U.S. Bureau of Labor Statistics, a US-based fact-finding agency in the field of labor economics and statistics for the U.S. government, the consumer price index (CPI) of used cars and trucks increased from 184.997 in March 2023 to 193.394 in April 2023. Furthermore, in October 2021, according to the International Energy Agency, a France-based autonomous intergovernmental organization, consumers spent $120 billion on electric car purchases in 2020, up 50% from the previous year, which translates to 41% more sales and 6% higher average costs. Therefore, rising vehicle costs are driving the growth of the auto finance market.

Auto Finance Market Driver: Growing Disposable Incomes Propel The Auto Finance Market Forward

Rising disposable incomes across the world are significantly contributing to the growth of the auto finance market going forward. Disposable income is the amount of money that individuals or households have available for spending and saving after income taxes have been deducted. Disposable income are used in auto finance as individuals allocate a portion of their available funds to purchase or lease vehicles, aiming to meet transportation needs. For instance, in October 2023, according to the data published by the Bureau of Economic Analysis (BEA), a US-based government agency that provides official macroeconomic and industry statistics, the disposable income of Americans increased from $18,247.8 billion in the first quarter of 2022 to $19,880.2 billion in the first quarter of 2023. Therefore, the rising disposable incomes across the world will drive the auto finance market.

Global Auto Finance Market Major Players

Major companies operating in the auto finance market report are Ford Motor Credit Company LLC, General Motors Financial Company Inc., JPMorgan Chase, Bank of America Corporation, Hitachi Capital Corp, Santander Bank NA, Wells Fargo & Co., HSBC Holdings PLC, Volkswagen Finance Services, Capital One Financial Corporation, PNC Bank, Westlake Financial, HDFC Bank Limited, Carvana Co, Mahindra & Mahindra Financial Services Limited, Ally Financial Inc., Toyota Financial Services, Infiniti Financial Services, Standard Bank Group Ltd., Huntington Bancshares Inc., Equifax Inc., LendingTree Inc., Exeter Finance Corp, Honda Financial Services, TD Auto Finance, Autopay, Mercedes-Benz Financial Services, CarsDirect, AutoFi, Caribou Auto Refinancing

Global Auto Finance Market Trend: Cutting-Edge Auto Finance Platform To Streamline Used Car Lending For Dealers And Consumers

Product innovations are the key trend gaining popularity in the auto finance market. Major companies operating in the auto finance market are developing new products or technologies to strengthen their position in the market. For instance, in March 2022, Solera Holdings LLC, a US-based vehicle lifecycle management company, launched Solera Auto Finance. This innovative used car lending solution offers rapid, adequate financing for independent and franchised used car dealers and their clients. The finance platform is fully integrated with Solera's Dealer Management Systems (DMS), which include Auto/Mate for franchise dealers and iDMS for independent dealers, providing a new competitive financing option. It uses Solera's established AI and data science expertise to produce a sophisticated, highly accurate financing instrument. It offers compelling advantages such as attracting new customers, providing a fast, simplified solution, improving accuracy, reducing friction, and cutting costs.

Global Auto Finance Market Trend: Strategic Partnerships Drive Customized Auto Financing Solution

Major companies operating in the auto finance market are adopting a strategic partnership approach to provide customized and attractive auto financing solutions. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in July 2022, Indian Bank, an India-based banking company, partnered with Tata Motors Ltd., an India-based vehicle manufacturing company. With this partnership, they aim to offer auto loans to customers and supply-chain financing solutions to the authorized dealers of Tata Motors. The auto loans are designed to provide attractive interest rates and customized EMI options. The supply-chain financing solutions involve inventory financing for the authorized dealers of Tata Motors through Indian Bank's digital auto financing platform.

Auto Finance Market Merger And Acquisition: Stellantis Fortifies Presence With Acquisition Of F1 Holdings Corp.

In November 2021, Stellantis N.V., a Netherlands-based automotive manufacturing company, acquired F1 Holdings Corp. (the parent company of First Investors Financial Services Group) for $285 million. Through the acquisition, Stellantis developed a captive financial arm in the United States that offers a complete range of products for dealers, customers, brands, and shareholders. F1 Holdings Corp is a US-based auto finance company.

Regional Outlook For The Global Auto Finance Market

Asia-Pacific was the largest region in the auto Finance market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the auto finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the auto finance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The auto finance market consists of revenues earned by entities by providing dealership financing services, lease financing purchase services, and hire purchase services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The auto finance market research report is one of a series of new reports from The Business Research Company that provides auto finance market statistics, including the auto finance industry global market size, regional shares, competitors with a auto finance market share, detailed auto finance market segments, market trends, and opportunities, and any further data you may need to thrive in the auto finance industry. This auto finance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Auto Finance Market Report Forecast And Analysis
Report AttributeDetails
Market Size Value In 2024 $2.33 billion
Revenue Forecast In 2033 $3.57 billion
Growth Rate CAGR of 11.2% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Finance: Direct, Indirect
2) By Vehicle Age: New Vehicles, Used Vehicles
3) By Loan Provider: Banks, Original Equipment Manufacturer (OEM), Credit Unions, Other Loan Providers
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Ford Motor Credit Company LLC; General Motors Financial Company Inc.; JPMorgan Chase; Bank of America Corporation; Mitsubishi HC Capital Inc; Santander Bank NA; Wells Fargo & Co.; HSBC Holdings PLC; Volkswagen Finance Services; Capital One Financial Corporation; PNC Bank; Westlake Financial; HDFC Bank Limited; Carvana Co; Mahindra & Mahindra Financial Services Limited; Ally Financial Inc.; Toyota Financial Services; Infiniti Financial Services; Standard Bank Group Ltd.; Huntington Bancshares Inc.; Equifax Inc.; LendingTree Inc.; Exeter Finance Corp; Honda Financial Services; TD Auto Finance; Autopay; Mercedes-Benz Financial Services; CarsDirect; AutoFi; Caribou Auto Refinancing
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Auto Finance Market Characteristics

    3. Auto Finance Market Trends And Strategies

    4. Auto Finance Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Auto Finance Market Size and Growth

    5.1. Global Auto Finance Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Auto Finance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Auto Finance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Auto Finance Market Segmentation

    6.1. Global Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Direct

    Indirect

    6.2. Global Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    New Vehicles

    Used Vehicles

    6.3. Global Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Banks

    Original Equipment Manufacturer (OEM)

    Credit Unions

    Other Loan Providers

    7. Auto Finance Market Regional And Country Analysis

    7.1. Global Auto Finance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Auto Finance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Auto Finance Market

    8.1. Asia-Pacific Auto Finance Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Auto Finance Market

    9.1. China Auto Finance Market Overview

    9.2. China Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Auto Finance Market

    10.1. India Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Auto Finance Market

    11.1. Japan Auto Finance Market Overview

    11.2. Japan Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Auto Finance Market

    12.1. Australia Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Auto Finance Market

    13.1. Indonesia Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Auto Finance Market

    14.1. South Korea Auto Finance Market Overview

    14.2. South Korea Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Auto Finance Market

    15.1. Western Europe Auto Finance Market Overview

    15.2. Western Europe Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Auto Finance Market

    16.1. UK Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Auto Finance Market

    17.1. Germany Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Auto Finance Market

    18.5. France Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Auto Finance Market

    19.9. Italy Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Auto Finance Market

    20.13. Spain Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Auto Finance Market

    21.1. Eastern Europe Auto Finance Market Overview

    21.2. Eastern Europe Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Auto Finance Market

    22.1. Russia Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Auto Finance Market

    23.1. North America Auto Finance Market Overview

    23.2. North America Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Auto Finance Market

    24.1. USA Auto Finance Market Overview

    24.2. USA Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Auto Finance Market

    25.1. Canada Auto Finance Market Overview

    25.2. Canada Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Auto Finance Market

    26.1. South America Auto Finance Market Overview

    26.2. South America Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Auto Finance Market

    27.1. Brazil Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Auto Finance Market

    28.1. Middle East Auto Finance Market Overview

    28.2. Middle East Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Auto Finance Market

    29.1. Africa Auto Finance Market Overview

    29.2. Africa Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Auto Finance Market Competitive Landscape And Company Profiles

    30.1. Auto Finance Market Competitive Landscape

    30.2. Auto Finance Market Company Profiles

    30.2.1. Ford Motor Credit Company LLC

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. General Motors Financial Company Inc.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. JPMorgan Chase

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Bank of America Corporation

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Hitachi Capital Corp

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Auto Finance Market Other Major And Innovative Companies

    31.1. Santander Bank NA

    31.2. Wells Fargo & Co.

    31.3. HSBC Holdings PLC

    31.4. Volkswagen Finance Services

    31.5. Capital One Financial Corporation

    31.6. PNC Bank

    31.7. Westlake Financial

    31.8. HDFC Bank Limited

    31.9. Carvana Co

    31.10. Mahindra & Mahindra Financial Services Limited

    31.11. Ally Financial Inc.

    31.12. Toyota Financial Services

    31.13. Infiniti Financial Services

    31.14. Standard Bank Group Ltd.

    31.15. Huntington Bancshares Inc.

    32. Global Auto Finance Market Competitive Benchmarking

    33. Global Auto Finance Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Auto Finance Market

    35. Auto Finance Market Future Outlook and Potential Analysis

    35.1 Auto Finance Market In 2028 - Countries Offering Most New Opportunities

    35.2 Auto Finance Market In 2028 - Segments Offering Most New Opportunities

    35.3 Auto Finance Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Auto Finance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Auto Finance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Ford Motor Credit Company LLC Financial Performance
  • Table 75: General Motors Financial Company Inc. Financial Performance
  • Table 76: JPMorgan Chase Financial Performance
  • Table 77: Bank of America Corporation Financial Performance
  • Table 78: Hitachi Capital Corp Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Auto Finance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Auto Finance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Auto Finance Market, Segmentation By Finance, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Auto Finance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Auto Finance Market, Segmentation By Loan Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Ford Motor Credit Company LLC Financial Performance
  • Figure 75: General Motors Financial Company Inc. Financial Performance
  • Figure 76: JPMorgan Chase Financial Performance
  • Figure 77: Bank of America Corporation Financial Performance
  • Figure 78: Hitachi Capital Corp Financial Performance
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Frequently Asked Questions

What is the definition of the auto finance market?

Auto finance refers to the variety of financing options that enable customers to purchase an automobile under any arrangement other than a single, full cash payment. Auto finance makes it easy for customers to buy vehicles without using their savings upfront, which provides convenience and saves them time. For further insights on the auto finance market, request a sample here

How will the auto finance market drivers and restraints affect the auto finance market dynamics? What forces will shape the auto finance industry going forward?

The auto finance market major growth driver - Soaring Vehicle Costs Propel Growth As Consumers Seek Affordable Payment Solutions Amidst Rising Car Prices. For further insights on the auto finance market, request a sample here

What is the forecast market size or the forecast market value of the auto finance market?

The auto finance market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to consumer credit expansion, introduction of installment plans, rise of leasing options, establishment of credit scoring systems, auto industry evolution. The auto finance market size is expected to see rapid growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to digitalization in auto finance, shift to electric and shared mobility, alternative financing models, data privacy and security measures, economic trends impact. Major trends in the forecast period include contactless transactions, green financing incentives, usage-based insurance and financing, blockchain in auto finance, blockchain in auto finance.. For further insights on the auto finance market, request a sample here

How is the auto finance market segmented?

The auto finance market is segmented
1) By Finance: Direct, Indirect
2) By Vehicle Age: New Vehicles, Used Vehicles
3) By Loan Provider: Banks, Original Equipment Manufacturer (OEM), Credit Unions, Other Loan ProvidersFor further insights on the auto finance market,
request a sample here

Which region has the largest share of the auto finance market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the auto Finance market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the auto finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the auto finance market, request a sample here.

Who are the major players in the auto finance market?

Major companies operating in the auto finance market report are Ford Motor Credit Company LLC, General Motors Financial Company Inc., JPMorgan Chase, Bank of America Corporation, Hitachi Capital Corp, Santander Bank NA, Wells Fargo & Co., HSBC Holdings PLC, Volkswagen Finance Services, Capital One Financial Corporation, PNC Bank, Westlake Financial, HDFC Bank Limited, Carvana Co, Mahindra & Mahindra Financial Services Limited, Ally Financial Inc., Toyota Financial Services, Infiniti Financial Services, Standard Bank Group Ltd., Huntington Bancshares Inc., Equifax Inc., LendingTree Inc., Exeter Finance Corp, Honda Financial Services, TD Auto Finance, Autopay, Mercedes-Benz Financial Services, CarsDirect, AutoFi, Caribou Auto Refinancing For further insights on the auto finance market, request a sample here.

What are the key trends in the auto finance market?

Major trend in the auto finance market - Cutting-Edge Auto Finance Platform To Streamline Used Car Lending For Dealers And Consumers. For further insights on the auto finance market, request a sample here.

What are the major opportunities in the auto finance market? What are the strategies for the auto finance market?

For detailed insights on the major opportunities and strategies in the auto finance market, request a sample here.

How does the auto finance market relate to the overall economy and other similar markets?

For detailed insights on auto finance market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the auto finance industry?

For detailed insights on the mergers and acquisitions in the auto finance industry, request a sample here.

What are the key dynamics influencing the auto finance market growth? SWOT analysis of the auto finance market.

For detailed insights on the key dynamics influencing the auto finance market growth and SWOT analysis of the auto finance industry, request a sample here.