Automotive Financing Services Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The global automotive financing services market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2021-2027). The rapid shift of consumers towards electric vehicles due to rising rates of conventional vehicle fuels is generating new opportunities for the market. According to the International Energy Agency, more than 10 million electric vehicles are on roads in 2020. The Electric Vehicles Initiative (EVI) is a policy forum launched by the governments of Canada, Chile, China, Finland, France, Germany, India, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, Sweden, and the United Kingdom to accelerate the adoption of electric vehicles. Such supportive government initiatives are expected to further propel market growth during the forecast period.

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Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered-

· By Vehicle Condition

· By Source Type

· By Finance Type

· By Vehicle Type

Ø Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- Hitachi Ltd., Bank of America Corp., Ford Motor Credit Co., Toyota Financial Services, Volkswagen Financial Services

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Global Automotive Financing Services Market Report Segment

By Vehicle Condition

• New Vehicles

• Used Vehicles

By Source Type

• OEMs

• Banks

• Others (including credit union and financial institutes)

By Finance Type

· Direct

· Indirect

By Product Type

· Passenger Vehicles

· Commercial Vehicles

Global Automotive Financing Services Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Ally Financial Inc.

· Banco Bradesco SA

· Bank of America Corp.

· Bank of China

· BNP Paribas SA

· Capital One Financial Corp.

· Chase Auto Finance

· Daimler Financial Services

· Ford Motor Credit Co.

· GM Financial Inc.

· HDFC Bank Ltd.

· Hitachi Ltd.

· HSBC Holdings Plc

· ICBC

· Mercedes-Benz Financial Services (Daimler AG)

· Standard Bank Group Ltd.

· Toyota Financial Services

· Volkswagen Financial Services

· Wells Fargo & Co.

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