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Global Automotive Finance Market By Provider Type (Banks, OEMs, and Other Financial Institutions), By Finance Type (Direct and Indirect) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the report

How are the major segments performing in the Automotive Finance market?

In 2022, the Banks segment accounted for the largest share of the market due to the high-reliability features, minimal documentation requirements, and fast processing features.
In 2022, the Direct segment was anticipated to hold a prominent share in the global Automotive Finance market. It is widely used owing high demand for direct financing because it enables customers to submit loan requests directly to lenders or banks.
In 2022, the Loan segment was anticipated to hold a prominent share in the market as it is widely used owing to banks offering low-interest rate loans.
In 2022, the passenger vehicles segment accounted for the largest share of the market owing to the increasing need for mobility and the growing working population.

What is the Market Size of Automotive Finance regarding value?

The global Automotive Finance market is anticipated to grow at a substantial CAGR of 7.10% in the upcoming years. The global Automotive Finance industry was estimated to be worth USD 241.9 billion in 2022 and was expected to be worth USD 390.98 billion by 2030.

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Which region dominated the Automotive Finance market?

In 2022, the European region was anticipated to hold a prominent global automotive finance market share. The growth of the regional automotive finance market can be attributed to the region’s abundance of automotive finance service providers. Many industry players focus on marketing their services via online and mobile platforms. This initiative gives these players an advantage over more established ones. At the same time, the region’s expanding need for electric vehicles is fuelling market growth there.

How US Market is Performing in the Automotive Finance market?

Other factors are making auto financing more attractive. The used-car prime segment, for example, has become more addressable thanks to a combination of two factors: an increase in the consumer price index for used cars and trucks of 40 percent between January 2021 and July 2022 (due to supply shortages); and the ongoing upward credit migration of customers (Exhibit 2)—driven by continued economic expansion and by a gradual increase in sophistication across underwriting, fraud detection, and collection processes. Rental-car companies’ average fleet sizes also have played a role. Auto financing is becoming more appealing due to additional factors. The consumer price index for used cars and trucks increased by 40% between January 2021 and July 2022 (due to supply shortages), and the ongoing upward credit migration of customers (Exhibit 2)—driven by ongoing economic expansion and by a gradual increase in sophistication across underwriting, fraud detection, and collection processes—have made the used-car prime segment, for instance, more addressable. The typical fleet sizes of rental-car companies also had an impact.

How is the economy impacting global Automotive Finance growth?

It is predicted that the COVID-19 outbreak will negatively impact business. Customers who wanted new cars had to put them off because of the uncertain economic climate. Auto lenders must accommodate an increase in servicing activity, such as refinancing and extensions, despite a slowdown in vehicle sales. Lenders of vehicles are utilizing digital tools to speed up service procedures online. The industry is extremely uncertain due to worries about an impending recession, inflation, Fed interest rates, and other factors. While the rate is still below pre-pandemic levels, the trend is concerning. Ally Financial, the second-largest auto lender in the nation, reported a spike in charge-offs.

What is the competitive environment of the Automotive Finance market?

The automotive financing industry is developing and is currently fragmented. By the end of the forecast period, competition is anticipated to be at an all-time high due to the lucrative opportunities open to different market players. Major market participants like banks are concentrating on strategic alliances to boost their market share and broaden their regional reach. In July 2021, Maruti opened its online platform to customers for car financing options. Customers can select the best finance partner and loan product through Maruti Suzuki Smart Finance, complete all loan-related paperwork, receive online loans, and complete all loan-related formalities.

Moreover, in May 2021, Daimler Truck Financials’ Freightliner and Western Star trucks are now eligible for the “Keep The World Moving” Finance programme. The programme permits an allowance of up to $5,000 based on the model and a delay in the first payment of up to 120 days. Sales that were down due to the COVID-19 pandemic are anticipated to increase thanks to the initiative, which is also expected to increase the company’s market share.

Executive Summary

What are the key trends in the Automotive Finance market?

The technology that has disrupted this market the most is online loan services. The web- and mobile-based platforms make viewing, contrasting, and applying for loan services simple. Rising vehicle prices are driving the demand for automotive financial services. Although the market for automotive financing in developed nations is largely saturated, developing nations are predicted to become the lucrative target market for financing firms.
Long-term growth in the automotive financing industry is probably due to excessive investments in autonomous vehicles and prompt financing from dealers, banks, and credit unions.

How Benefits of Automotive Finance Boosting the Market Growth?

Auto financing offers a list of features and advantages. Auto loans are distinctive because each bank provides different features and advantages. In addition, auto loans typically have lower interest rates than secured loans like personal loans, mortgages, or other secured loans because they are secured. Additionally, auto loans are provided to people who want to purchase cars and thus have lax eligibility requirements and need little documentation. As a result, lenders can process loans more quickly. People no longer have to spend all their savings or wait a long time to purchase a vehicle owing to the availability of auto loans.

Furthermore, banks offer auto loans with terms of up to 7 years. Additionally, auto loans allow the borrower to select the method of repayment. Customers have two payment options: a post-dated check or the auto-debit option, in which case the equated monthly installments (EMIs) will be taken out of their bank accounts regularly.

Which are the key investments by the Automotive Finance market players?

Leading players operating in the market are investing in developing advanced automobiles. This is helping the financiers as people are opting to purchase new automotive models. In May 2022, Hyundai Motor Group (HMG) planned to invest more than USD 10 billion, advancing its mission to pioneer smart and sustainable mobility solutions in the United States. The Group’s investment plans aim to hasten the electrification of transportation and innovation. The action will support new technology-based carbon neutrality goals and American manufacturing.

Some major players in the Automotive Finance market are Ally Financial, Bank of America, Capital One, Chase Auto Finance, Daimler Financial Services, Ford Motor Credit Company, GM Financial Inc., Hitachi Capital, Toyota Financial Services, and Volkswagen Financial Services.

What are the Major Driving Factors for the Automotive Finance Market?

Captive automotive finance is becoming increasingly significant globally, opening up new opportunities for market expansion. An automaker’s captive finance division offers loans and other financial services to the business’s clients. Personalized financing options for customers, equipment rental programmes, and other advantages come with starting a captive finance business. Captive finance is booming for businesses like Honda Finance, Ford, Infiniti, and Nissan. The automotive finance industry increasingly uses artificial intelligence technology to streamline approval, enhance credit underwriting, analyze data, and accurately predict whether an applicant will become delinquent. Several automotive artificial intelligence technology providers are working to create lending platforms that use AI. One of the main factors fueling the expansion of the market is the rising demand for auto refinancing on a global scale. Due to its advantages, including lower monthly auto payments, lower interest rates, and shorter loan terms, refinancing is becoming more and more popular.

What are the Major Risks for the Automotive Finance Market?

The market has many competitors, including banks, captives, financial institutions, and OEMs. The intense competition makes it extremely difficult for these businesses to attract new clients while raising operating and marketing costs. The two main elements necessary to succeed in this market are lower interest rates and open financing procedures. Since well-known brands dominate this market, new entrants face significant obstacles.

Which is the key application in the Automotive Finance market?

The bank’s segment is expected to hold a prominent global automotive finance market share during the forecast period. The fast-processing features with minimal documentation requirements and the high-reliability features are responsible for the bank’s segment growth. Only about 70 to 80 percent of the total cost of the vehicle was previously financed by banks. But at the moment, these banks are providing 100% financing for the car, motivating customers to choose new cars over used ones. To adapt to the shifting customer needs worldwide, banks are increasingly embracing digital automotive finance more and more.

How is the Automotive Finance market performing in regions?

Asia Pacific market is anticipated to witness the fastest growth in the global Automotive Finance market during the forecast period. It is anticipated that the rising number of supportive government initiatives in nations like China, Japan, and India to support consumer interest and automotive industry growth will open up new growth prospects for the local market. The market is expanding at the same time as the population of this area is growing. Additionally, the increasing use of telematics is opening up new opportunities for market expansion.

What is the regulatory landscape for the Automotive Finance market?

The CFPB received supervisory authority over “larger participants” of specific markets for consumer financial products or services, as the CFPB defines them by rule, under Section 1024 of the Dodd-Frank Act (12 U.S.C. 5514(a)(1)(B)). Following this authority, the Bureau published its final rule, 12 CFR 1090.108, on June 30, 2015, defining larger participants in the automotive financing market. 3 The regulation went into effect on August 31, 2015. A nonbank-covered person who finances cars is considered a larger participant under the rule if their annual originations total at least 10,000.

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What are the major players planning for the future of the Automotive Finance market?

Long-term growth in the automotive financing industry is probably due to excessive investments in autonomous vehicles and prompt financing from dealers, banks, and credit unions. Opportunities for car financiers arise from the rising practice of upgrading to newer models of vehicles, which increases auto sales and consumer preference for a shorter vehicle cycle. Programs for OEM warranties and car dealership buybacks that may require refinancing will probably create new opportunities in the automotive financing industry.

REPORT ATTRIBUTE	DETAILS
Automotive Finance Market by Volume	Yes
Automotive Finance Market by Value	Yes
Automotive Finance Market, Tornado Analysis	Yes
Automotive Finance Market, STAR Analysis	Yes
Automotive Finance Market, SRC Analysis	Yes
Automotive Finance Market Pricing Analysis	Yes (On Demand)
Automotive Finance Market Segment Analysis	By Provider Type (Banks, OEMs, and Other Financial Institutions) By Finance Type (Direct and Indirect) By Purpose Type (Loan, Leasing, and Others) By Vehicle Type (Commercial Vehicles and Passenger Vehicles)
Automotive Finance Market, Regional Analysis	North America (US and Canada) Europe (Germany, UK, France, Italy, Spain, and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)
Automotive Finance Market Key Companies	Ally Financial, Bank of America, Capital One, Chase Auto Finance, Daimler Financial Services, Ford Motor Credit Company, GM Financial Inc., Hitachi Capital, Toyota Financial Services, and Volkswagen Financial Services
Automotive Finance Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

Segmentation of Global Automotive Finance Market-

Global Automotive Finance Market – By Provider Type

Banks
OEMs
Other Financial Institutions

Global Automotive Finance Market – By Finance Type

Direct
Indirect

Global Automotive Finance Market – By Purpose Type

Loan
Leasing
Others

Global Automotive Finance Market – By Vehicle Type

Commercial Vehicles
Passenger Vehicles

Global Automotive Finance Market – By Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Automotive Finance Market
2.2. Global Automotive Finance Market, By Type
2.3. Global Automotive Finance Market, By Finance Type
2.4. Global Automotive Finance Market, By Purpose Type
2.5. Global Automotive Finance Market, By Vehicle Type
2.6. Global Automotive Finance Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Automotive Finance Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Type
3.5.2. Finance Type
3.5.3. Purpose Type
3.5.4. Vehicle Type
3.5.5. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Type Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. InDirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Automotive Finance Market
7.1. Global Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
7.1.1. Overview
7.1.2. Global Automotive Finance Market, By Type, 2022 vs 2030 (in%)
7.1.3. Global Automotive Finance Market, By Banks, 2017-2030 (US$ Bn)
7.1.4. Global Automotive Finance Market, By OEMs, 2017-2030 (US$ Bn)
7.1.5. Global Automotive Finance Market, By Other Financial Institutions, 2017-2030 (US$ Bn)
7.2. Global Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
7.2.1. Overview
7.2.2. Global Automotive Finance Market, By Finance Type, 2022 vs 2030 (in%)
7.2.3. Global Automotive Finance Market, By Direct, 2017-2030 (US$ Bn)
7.2.4. Global Automotive Finance Market, By Indirect, 2017-2030 (US$ Bn)
7.3. Global Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
7.3.1. Overview
7.3.2. Global Automotive Finance Market, By Purpose Type, 2022 vs 2030 (in%)
7.3.3. Global Automotive Finance Market, By Loan, 2017-2030 (US$ Bn)
7.3.4. Global Automotive Finance Market, By Leasing, 2017-2030 (US$ Bn)
7.3.5. Global Automotive Finance Market, By Others, 2017-2030 (US$ Bn)
7.4. Global Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
7.4.1. Overview
7.4.2. Global Automotive Finance Market, By Vehicle Type, 2022 vs 2030 (in%)
7.4.3. Global Automotive Finance Market, By Commercial Vehicles, 2017-2030 (US$ Bn)
7.4.4. Global Automotive Finance Market, By Passenger Vehicles, 2017-2030 (US$ Bn)

8. North America Automotive Finance Market Analysis
8.1. North America Automotive Finance Market, by Type, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Automotive Finance Market, by Finance Type, 2017-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Automotive Finance Market, by Purpose Type, 2017-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Automotive Finance Market, by Vehicle Type, 2017-2030(US$ Bn)
8.4.1. Overview
8.4.2. SRC Analysis
8.5. North America Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
8.5.1. U.S.
8.5.1.1. U.S. Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.5.1.2. U.S. Automotive Finance, By Type, 2017-2030 (US$ Bn)
8.5.1.3. U.S. Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
8.5.1.4. U.S. Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
8.5.1.5. U.S. Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
8.5.2. Canada
8.5.2.1. Canada Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.5.2.2. Canada Automotive Finance, By Type, 2017-2030 (US$ Bn)
8.5.2.3. Canada Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
8.5.2.4. Canada Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
8.5.2.5. Canada Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)

9. Europe Automotive Finance Market Analysis
9.1. Europe Automotive Finance Market, by Type, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Automotive Finance Market, by Finance Type, 2017-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Automotive Finance Market, by Purpose Type, 2017-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Automotive Finance Market, by Vehicle Type, 2017-2030(US$ Bn)
9.4.1. Overview
9.4.2. SRC Analysis
9.5. Europe Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
9.5.1. Germany
9.5.1.1. Germany Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.1.2. Germany Automotive Finance, By Type, 2017-2030 (US$ Bn)
9.5.1.3. Germany Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
9.5.1.4. Germany Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
9.5.1.5. Germany Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
9.5.2. France
9.5.2.1. France Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.2.2. France Automotive Finance, By Type, 2017-2030 (US$ Bn)
9.5.2.3. France Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
9.5.2.4. France Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
9.5.2.5. France Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
9.5.3. UK
9.5.3.1. UK Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.3.2. UK Automotive Finance, By Type, 2017-2030 (US$ Bn)
9.5.3.3. UK Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
9.5.3.4. UK Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
9.5.3.5. UK Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
9.5.4. Italy
9.5.4.1. Italy Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.4.2. Italy Automotive Finance, By Type, 2017-2030 (US$ Bn)
9.5.4.3. Italy Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
9.5.4.4. Italy Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
9.5.4.5. Italy Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
9.5.5. Spain
9.5.5.1. Spain Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.5.2. Spain Automotive Finance, By Type, 2017-2030 (US$ Bn)
9.5.5.3. Spain Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
9.5.5.4. Spain Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
9.5.5.5. Spain Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
9.5.6. Rest of Europe
9.5.6.1. Rest of Europe Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.5.6.2. Rest of Europe Automotive Finance, By Type, 2017-2030 (US$ Bn)
9.5.6.3. Rest of Europe Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
9.5.6.4. Rest of Europe Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
9.5.6.5. Rest of Europe Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)

10. Asia Pacific Automotive Finance Market Analysis
10.1. Asia Pacific Automotive Finance Market, by Type, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Automotive Finance Market, by Finance Type, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Automotive Finance Market, by Purpose Type, 2017-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Automotive Finance Market, by Vehicle Type, 2017-2030(US$ Bn)
10.4.1. Overview
10.4.2. SRC Analysis
10.5. Asia Pacific Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
10.5.1. China
10.5.1.1. China Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.1.2. China Automotive Finance, By Type, 2017-2030 (US$ Bn)
10.5.1.3. China Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
10.5.1.4. China Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
10.5.1.5. China Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
10.5.2. Japan
10.5.2.1. Japan Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.2.2. Japan Automotive Finance, By Type, 2017-2030 (US$ Bn)
10.5.2.3. Japan Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
10.5.2.4. Japan Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
10.5.2.5. Japan Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
10.5.3. India
10.5.3.1. India Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.3.2. India Automotive Finance, By Type, 2017-2030 (US$ Bn)
10.5.3.3. India Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
10.5.3.4. India Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
10.5.3.5. India Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
10.5.4. South Korea
10.5.4.1. South Korea Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.4.2. South Korea Automotive Finance, By Type, 2017-2030 (US$ Bn)
10.5.4.3. South Korea Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
10.5.4.4. South Korea Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
10.5.4.5. South Korea Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
10.5.5. South-East Asia
10.5.5.1. South-East Asia Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.5.2. South-East Asia Automotive Finance, By Type, 2017-2030 (US$ Bn)
10.5.5.3. South-East Asia Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
10.5.5.4. South-East Asia Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
10.5.5.5. South-East Asia Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
10.5.6. Rest of Asia Pacific
10.5.6.1. Rest of Asia Pacific Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.5.6.2. Rest of Asia Pacific Automotive Finance, By Type, 2017-2030 (US$ Bn)
10.5.6.3. Rest of Asia Pacific Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
10.5.6.4. Rest of Asia Pacific Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
10.5.6.5. Rest of Asia Pacific Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)

11. Latin America Automotive Finance Market Analysis
11.1. Latin America Automotive Finance Market, by Type, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Automotive Finance Market, by Finance Type, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Automotive Finance Market, by Purpose Type, 2017-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Automotive Finance Market, by Vehicle Type, 2017-2030(US$ Bn)
11.4.1. Overview
11.4.2. SRC Analysis
11.5. Latin America Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
11.5.1. Brazil
11.5.1.1. Brazil Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.5.1.2. Brazil Automotive Finance, By Type, 2017-2030 (US$ Bn)
11.5.1.3. Brazil Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
11.5.1.4. Brazil Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
11.5.1.5. Brazil Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
11.5.2. Mexico
11.5.2.1. Mexico Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.5.2.2. Mexico Automotive Finance, By Type, 2017-2030 (US$ Bn)
11.5.2.3. Mexico Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
11.5.2.4. Mexico Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
11.5.2.5. Mexico Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
11.5.3. Rest of Latin America
11.5.3.1. Rest of Latin America Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.5.3.2. Rest of Latin America Automotive Finance, By Type, 2017-2030 (US$ Bn)
11.5.3.3. Rest of Latin America Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
11.5.3.4. Rest of Latin America Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
11.5.3.5. Rest of Latin America Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)

12. Middle East and Africa Automotive Finance Market Analysis
12.1. Middle East and Africa Automotive Finance Market, by Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Automotive Finance Market, by Finance Type, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Automotive Finance Market, by Purpose Type, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Automotive Finance Market, by Vehicle Type, 2017-2030(US$ Bn)
12.4.1. Overview
12.4.2. SRC Analysis
12.5. Middle East and Africa Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
12.5.1. GCC Countries
12.5.1.1. GCC Countries Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.1.2. GCC Countries Automotive Finance, By Type, 2017-2030 (US$ Bn)
12.5.1.3. GCC Countries Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
12.5.1.4. GCC Countries Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
12.5.1.5. GCC Countries Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
12.5.2. South Africa
12.5.2.1. South Africa Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.2.2. South Africa Automotive Finance, By Type, 2017-2030 (US$ Bn)
12.5.2.3. South Africa Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
12.5.2.4. South Africa Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
12.5.2.5. South Africa Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)
12.5.3. Rest of Middle East and Africa
12.5.3.1. Rest of Middle East and Africa Automotive Finance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.3.2. Rest of Middle East and Africa Automotive Finance, By Type, 2017-2030 (US$ Bn)
12.5.3.3. Rest of Middle East and Africa Automotive Finance, By Finance Type, 2017-2030 (US$ Bn)
12.5.3.4. Rest of Middle East and Africa Automotive Finance, By Purpose Type, 2017-2030 (US$ Bn)
12.5.3.5. Rest of Middle East and Africa Automotive Finance, By Vehicle Type, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. Ally Financial.
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Bank of America
13.3. Capital One
13.4. Chase Auto Finance
13.5. Daimler Financial Services
13.6. Ford Motor Credit Company
13.7. GM Financial Inc.
13.8. Hitachi Capital
13.9. Toyota Financial Services
13.10. Volkswagen Financial Services

List of Figures
FIG. 1 Global Automotive Finance Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Automotive Finance Market Segmentation
FIG. 4 Global Automotive Finance Market, by Type, 2022 (US$ Bn)
FIG. 5 Global Automotive Finance Market, by Finance Type, 2022 (US$ Bn)
FIG. 6 Global Automotive Finance Market, by Purpose Type, 2022 (US$ Bn)
FIG. 7 Global Automotive Finance Market, by Vehicle Type, 2022 (US$ Bn)
FIG. 8 Global Automotive Finance Market, by Geography, 2022 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Type, 2022
FIG. 10 Attractive Investment Proposition, by Finance Type, 2022
FIG. 11 Attractive Investment Proposition, by Purpose Type, 2022
FIG. 12 Attractive Investment Proposition, by Vehicle Type, 2022
FIG. 13 Attractive Investment Proposition, by Geography, 2022
FIG. 14 Global Market Share Analysis of Key Automotive Finance Market Manufacturers, 2022
FIG. 15 Global Market Positioning of Key Automotive Finance Market Manufacturers, 2022
FIG. 16 Global Automotive Finance Market Value Contribution, By Type, 2022 & 2030 (Value %)
FIG. 17 Global Automotive Finance Market, by Banks, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Automotive Finance Market, by OEMs, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Automotive Finance Market, by Other Financial Institutions, Value, 2017-2030 (US$ Bn)
FIG. 20 Global Automotive Finance Market Value Contribution, By Finance Type, 2022 & 2030 (Value %)
FIG. 21 Global Automotive Finance Market, by Direct, Value, 2017-2030 (US$ Bn)
FIG. 22 Global Automotive Finance Market, by Indirect, 2017-2030 (US$ Bn)
FIG. 23 Global Automotive Finance Market Value Contribution, By Purpose Type, 2022 & 2030 (Value %)
FIG. 24 Global Automotive Finance Market, by Loan, Value, 2017-2030 (US$ Bn)
FIG. 25 Global Automotive Finance Market, by Leasing, 2017-2030 (US$ Bn)
FIG. 26 Global Automotive Finance Market, by Others, 2017-2030 (US$ Bn)
FIG. 27 Global Automotive Finance Market Value Contribution, By Vehicle Type, 2022 & 2030 (Value %)
FIG. 28 Global Automotive Finance Market, by Commercial Vehicles, Value, 2017-2030 (US$ Bn)
FIG. 29 Global Automotive Finance Market, by Passenger Vehicles, 2017-2030 (US$ Bn)
FIG. 30 North America Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 31 U.S. Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 32 Canada Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 33 Europe Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 34 Germany Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 35 France Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 36 U.K. Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 37 Italy Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 38 Spain Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 39 Rest of Europe Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 40 Asia Pacific Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 41 China Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 42 Japan Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 43 India Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 44 South Korea Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 45 South-East Asia Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 46 Rest of Asia Pacific Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 47 Latin America Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 48 Brazil Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 49 Mexico Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 50 Rest of Latin America Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 51 Middle East & Africa Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 52 GCC Countries Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 53 South Africa Automotive Finance Market, 2017-2030 (US$ Bn)
FIG. 54 Rest of Middle East and Africa Automotive Finance Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Automotive Finance Market
TABLE 2 Global Automotive Finance Market, by Competitive Benchmarking, 2022
TABLE 3 Global Automotive Finance Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Automotive Finance Market, by Key Strategies Analysis, 2022
TABLE 5 Global Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 6 Global Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 7 Global Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 8 Global Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 9 Global Automotive Finance Market, by Geography, 2017-2030 (US$ Bn)
TABLE 10 North America Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 11 North America Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 12 North America Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 13 North America Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 14 North America Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
TABLE 15 US Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 16 US Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 17 US Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 18 US Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 19 Canada Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 20 Canada Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 21 Canada Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 22 Canada Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 23 Europe Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 24 Europe Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 25 Europe Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 26 Europe Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 27 Europe Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
TABLE 28 Germany Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 29 Germany Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 30 Germany Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 31 Germany Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 32 France Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 33 France Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 34 France Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 35 France Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 36 UK Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 37 UK Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 38 UK Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 39 UK Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 40 Italy Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 41 Italy Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 42 Italy Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 43 Italy Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 44 Spain Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 45 Spain Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 46 Spain Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 47 Spain Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 48 Rest of Europe Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 49 Rest of Europe Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 50 Rest of Europe Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 51 Rest of Europe Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 52 Asia Pacific Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 53 Asia Pacific Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 54 Asia Pacific Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 55 Asia Pacific Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 56 Asia Pacific Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
TABLE 57 China Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 58 China Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 59 China Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 60 China Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 61 Japan Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 62 Japan Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 63 Japan Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 64 Japan Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 65 India Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 66 India Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 67 India Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 68 India Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 69 South Korea Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 70 South Korea Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 71 South Korea Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 72 South Korea Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 73 South-East Asia Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 74 South-East Asia Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 75 South-East Asia Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 76 South-East Asia Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 77 Rest of Asia Pacific Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 78 Rest of Asia Pacific Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 79 Rest of Asia Pacific Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 80 Rest of Asia Pacific Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 81 Latin America Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 82 Latin America Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 83 Latin America Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 84 Latin America Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 85 Latin America Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
TABLE 86 Brazil Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 87 Brazil Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 88 Brazil Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 89 Brazil Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 90 Mexico Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 91 Mexico Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 92 Mexico Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 93 Mexico Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 94 Rest of Latin America Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 95 Rest of Latin America Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 96 Rest of Latin America Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 97 Rest of Latin America Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 98 Middle East and Africa Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 99 Middle East and Africa Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 100 Middle East and Africa Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 101 Middle East and Africa Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 102 Middle East and Africa Automotive Finance Market, by Country, 2017-2030 (US$ Bn)
TABLE 103 GCC Countries Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 104 GCC Countries Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 105 GCC Countries Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 106 GCC Countries Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 107 South Africa Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 108 South Africa Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 109 South Africa Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 110 South Africa Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 111 Rest of Middle East and Africa Automotive Finance Market, by Type, 2017-2030 (US$ Bn)
TABLE 112 Rest of Middle East and Africa Automotive Finance Market, by Finance Type, 2017-2030 (US$ Bn)
TABLE 113 Rest of Middle East and Africa Automotive Finance Market, by Purpose Type, 2017-2030 (US$ Bn)
TABLE 114 Rest of Middle East and Africa Automotive Finance Market, by Vehicle Type, 2017-2030 (US$ Bn)
TABLE 115

Frequently asked questions

How does COVID-19 Impact the global Automotive Finance market?

Due to the COVID-19 pandemic, which caused manufacturing and sales to cease for several months in the first half of the year, there was a significant decline in the demand for new and used cars globally in 2020.

Which is the leading region of the market for Automotive Finance?

North America accounted for the most heightened global automotive finance market share.

What are the key drivers for the growth of the Automotive Finance market?

The market for automotive finance is anticipated to grow due to the rising demand for passenger cars, the rising use of alternative fuel vehicles, and proactive government initiatives to encourage the use of electric vehicles.

Which is the major segment in the Automotive Finance market by type?

The bank segment had a major share in the global market in 2022.

Which is the major segment in the Automotive Finance market by application?

The direct segment had a major share in the global market.

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