C&M: Global market for automotive financing driven by increase in automobile sales
Global Automotive Financing Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:46:03
The Global Automotive Financing market is to grow at a CAGR of 13.12 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increase in automobile sales. The Global Automotive Financing market has also been witnessing the increasing dominance of banks in the emerging markets. However, the uncertainty in calculation of residual value of new age cars could pose a challenge to the growth of this market.
The market is highly segmented and is host to various types of sources of financing such as banks, CLFCs, credit unions, and independent leasing companies. Banks and CLFCs hold a major share in the market and are well spread across the mature as well as emerging markets. However, a large part of the potential market still lies within the emerging markets, which remains untapped. Banks are currently dominating these emerging markets by leveraging their vast customer base and well-established infrastructure. China and India are prime examples of this trend. However, CLFCs have a strong presence in mature markets such as Europe and the US and are now formulating strategies to expand in emerging markets.
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