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Outlook on the Car Finance Global Market to 2027 – Opportunity Analysis and Industry Forecast

6 min read

The MarketWatch News Department was not involved in the creation of this content.

Dublin, Dec 15, 2020 (GLOBE NEWSWIRE via COMTEX) —
Dublin, Dec. 15, 2020 (GLOBE NEWSWIRE) — The “Car Finance Market by Distribution Channel, Vehicle Age, Application, and Purpose: Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering.

Car or automobile finance is a sum of money borrowed by consumers to purchase a car. It provides an option to buy vehicles upfront and pay later, in equated monthly installments. In addition, car finance depends on various factors such as income, credit score, and credit history of the borrower. Banks, original equipment manufacturers (captive finance), financial institution, and credit unions are some of the major distribution channel providing car finance solutions. Furthermore, a borrower can specifically apply for a car loan; however, consumers predominately prefer a personal loan for financing cars, which follows most of the same rules and procedures that apply to other loans.

The rise in multiple options for vehicle purchases and gaining advanced benefits from online car financing application systems are some of the major growth factors in the market. In addition, massive demand for model & branded cars are continue to rise as consumer trends & preferences toward car purchases have increased tremendously, which fuels the market growth. However, The rise in debts from borrowers, instability in financial terms, and The rise in alternative solutions to travel by car are some factors that limit the market growth.
On the contrary, car finance providers implement technologies and offer value added services to their customers. In addition, developing economies offer significant opportunities for car finance providers to expand their business as customers from major emerging and developed economies prefer authorized financial institutions for car financing to avoid any risk factor or discrepancy in the transaction process. Furthermore, implementation of technologies such as artificial intelligence, business analytics, and blockchain are anticipated to help car finance providers improve quality of services and increase the level of customer satisfaction in upcoming years.

The car finance market is segmented on the basis of distribution channel, vehicles age, application, purpose, and region. In terms of distribution channel, it is segmented into banks, OEMs, credit unions, and others. On the basis of vehicle age, it is segmented into new vehicles and used vehicles. By application, it is segmented into personal vehicles and commercial vehicles. By purpose, it is bifurcated into loans and lease. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the car finance market analysis Ally Financial Inc., Bank of America Corporation, Capital One, Daimler AG, Ford Motor Company, General Motors Financial Company, Inc., Hitachi Capital Corporation, JPMorgan Chase & Co., Toyota Financial Services, and Volkswagen Finance Private Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key benefits for stakeholders

  • The study provides an in-depth analysis of the global car finance market along with the current & future trends to elucidate the imminent investment pockets.

  • Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.

  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.

  • The quantitative analysis of the global car finance market from 2020 to 2027 is provided to determine the market potential.

Key Market Players

  • Ally Financial Inc.

  • Bank of America Corporation

  • Capital One

  • Daimler AG

  • Ford Motor Company

  • General Motors Financial Company, Inc.

  • Hitachi Capital Corporation

  • JPMorgan Chase & Co.

  • Toyota Financial Services

  • Volkswagen Finance Private Limited

Key Topics Covered:

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Forces Shaping Dental Insurance Market
3.2.1. Low Bargaining Power of Suppliers
3.2.2. Moderate Bargaining Power of Buyer
3.2.3. Moderate Threat of Substitutes
3.2.4. Moderate Threat of New Entrants
3.2.5. High Competitive Rivalry
3.3. Market Dynamics
3.3.1. Drivers Increased in Global Average Price of the Vehicle The Rise in Demand for Vehicles
3.3.2. Restraint The Rise in Rideshare Service Increase in Debts from Various Borrowers
3.3.3. Opportunities Implementation of Technologies in Existing Product Lines Untapped Potential of Emerging Economies
3.1. Covid-19 Impact Analysis on Car Finance Market
3.1.1. Impact on Car Finance Industry
3.1.2. Impact on Car Finance Market Size
3.1.3. Change in Consumer Trends, Preferences, and Budget Impact Due to Covid-19
3.1.4. Framework for Solving Market Challenges Faced by Car Finance Providers and Customers in the Market
3.1.5. Economic Impact on Car Finance Companies
3.1.6. Key Player Strategies to Tackle Negative Impact in the Industry
3.1.7. Opportunity Analysis for Car Finance Providers

Chapter 4: Car Finance Market, by Distribution Channel
4.1. Overview
4.2. Banks
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis by Country
4.3. Oems
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Credit Unions
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis by Country
4.5. Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis by Country

Chapter 5: Car Finance Market, by Vehicles Age
5.1. Overview
5.2. New Vehicles
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Used Vehicles
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country

Chapter 6: Car Finance Market, by Application
6.1. Overview
6.2. Personal Vehicles
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Commercial Vehicles
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country

Chapter 7: Car Finance Market, by Purpose
7.1. Overview
7.2. Loans
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis, by Country
7.3. Lease
7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis, by Country

Chapter 8: Car Finance Market, by Region
8.1. Overview
8.1.1. Market Size and Forecast, by Region
8.2. North America
8.3. Europe
8.4. Asia-Pacific
8.5. LAMEA

Chapter 9: Competitive Landscape
9.1. Introduction
9.1.1. Market Player Positioning, 2019
9.1.2. Top Winning Strategies

Chapter 10: Company Profiles
10.1. Ally Financial Inc.
10.1.1. Company Overview
10.1.2. Company Snapshot
10.1.3. Operating Business Segments
10.1.4. Product Portfolio
10.1.5. Business Performance
10.2. Bank of America Corporation
10.2.1. Company Overview
10.2.2. Company Snapshot
10.2.3. Operating Business Segments
10.2.4. Product Portfolio
10.2.5. Business Performance
10.3. Capital One
10.3.1. Company Overview
10.3.2. Company Snapshot
10.3.3. Operating Business Segments
10.3.4. Product Portfolio
10.3.5. Business Performance
10.4. Daimler AG
10.4.1. Company Overview
10.4.2. Company Snapshot
10.4.3. Operating Business Segments
10.4.4. Product Portfolio
10.4.5. Business Performance
10.5. Ford Motor Company
10.5.1. Company Overview
10.5.2. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. General Motors Financial Company, Inc.
10.6.1. Company Overview
10.6.2. Company Snapshot
10.6.3. Operating Business Segments
10.6.4. Product Portfolio
10.6.5. Business Performance
10.7. Hitachi Capital Corporation
10.7.1. Company Overview
10.7.2. Company Snapshot
10.7.3. Operating Business Segments
10.7.4. Product Portfolio
10.7.5. Business Performance
10.7.6. Key Strategic Moves and Developments
10.8. Jpmorgan Chase & Co.
10.8.1. Company Overview
10.8.2. Company Snapshot
10.8.3. Product Portfolio
10.8.4. Business Performance
10.9. Toyota Financial Services
10.9.1. Company Overview
10.9.2. Company Snapshot
10.9.3. Operating Business Segments
10.9.4. Product Portfolio
10.9.5. Business Performance
10.9.6. Key Strategic Moves and Developments
10.10. Volkswagen Finance Private Limited
10.10.1. Company Overview
10.10.2. Company Snapshot
10.10.3. Operating Business Segments
10.10.4. Product Portfolio
10.10.5. Business Performance

For more information about this report visit https://www.researchandmarkets.com/r/m4n5gr

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