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Jan. 14, 2020, 12:25 a.m. EST

Global Automotive Financing Market 2020, by Type of Finance, Features of Vehicle Finance, Cost, Demand, Leading Players and Business Opportunities to 2023

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Jan 14, 2020 (The Expresswire) -- Recently published report on Global Automotive Financing Market by Orbis Research includes market overview, detailed literature on products, services and overall industry scenario by 2023. The key categories covered in the market segmentation are region, applications and key players: Bank of America, Ally Financial, Hitachi Capital Asia-Pacific, HDFC,

The automotive financing market has already matured in the industrialized nations, but there are untapped opportunities in the developing countries, where the market has extremely low penetration. The major laggards in the world are Latin American and Eastern European countries, where some countries have registered a double-digit fall in vehicle sales in the past five years. Brazil, which was a big contributor to the car market, has suffered one of the biggest falls in the past few years. The economic recession continued well into 2017, and the Brazilian market is expected to continue to lag. One of the chief reasons for the low automobile sales in the African countries is the unavailability of finance options. The base interest rate in Ghana is 26%, indicating that automobile loans are out of reach for most people. This is a major cause for concern in many emerging economies. The Iran automobile market, which would otherwise offer great opportunities due to the removal of sanctions, faces a similar problem. The base rate of interest in a very promising automobile market is as high as 21%.

Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/2127949

The loan market for second-hand cars would increase at a faster pace on account of increased demand from the Asia-Pacific region. The premium cars segment that had seen shrinking of market share in the past few years as customers opted to go for the luxury brands will register strong sales. Financing of premium cars will see a high rate of growth in the forecasted period. On account of strong demand in the industrialized and emerging economies, financing of passenger vehicles is forecasted to register the strongest rate of growth by 2023.

Key Developments:
January 2018: Nissan’s automotive finance arm announced collaboration with AutoGravity, the automotive shopping and financing platform.

Major Players:BANK OF AMERICA, ALLY FINANCIAL, HITACHI CAPITAL ASIA-PACIFIC,HDFC, amongst others

Make an enquiry of this report @ https://www.orbisresearch.com/contacts/enquiry-before-buying/2127949

Companies Mentioned:
Bank of America, Ally Financial, Hitachi Capital Asia Pacific, HDFC Bank, HSBC, Industrial and Commercial Bank of India, Bank of China, Capital One, Wells Fargo, Toyota Financial Services, BNP Paribas, Volkswagen Finance, Mercedes-Benz Financial Services, Standard Bank, Banquo Bradesco Financiamentos

1. Introduction
1.1 Research Methodology
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model

3. Executive Summary

4. Key Findings of the Study

5. Market Overview and Trends
5.1 Current Market Scenario
5.2 Market Trends
5.3 Porter’s Five Force Framework
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitute Products/Services
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

Place a purchase order @ https://www.orbisresearch.com/contact/purchase-single-user/2127949

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Us:

Hector Costello
Senior Manager Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas - 75204, U.S.A.
Phone No.: +1 (972)-362-8199 ; +91 895 659 5155

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Global Automotive Financing Market 2020, by Type of Finance, Features of Vehicle Finance, Cost, Demand, Leading Players and Business Opportunities to 2023

COMTEX_360554136/2598/2020-01-14T00:24:30

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