Frequently asked questions
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.
North America accounted for the most heightened global automotive finance market share.
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.
The bank segment had a major share in the global market in 2022.
The direct segment had a major share in the global market.