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France Vehicle Finance Market Outlook to 2027
By Banks and Non-Bank Entities including Captives and Credit Unions and Finance Companies (Auto Loan Portfolio), By New and Used Vehicles, By Type of Vehicle Financed (Passenger Cars and Light Trucks), By Loan Time Period and By Risk Category
- KROD110
- Slides: 90
- January 2023
- Total Views:1467
- Region : Europe
- Ken Research
- On-Demand Report
About the Report
About the Report
According to Ken Research estimates, the France Car Finance market is growing at a steady rate with a CAGR at ~% owing to the rise in sale of cars. Strong delivery network accompanied by authorized distributors to reach out to customers through both online and offline modes led to an increase in the overall sales of new and used cars in France. Technological advancement, need of owning a personal vehicle and the need to upgrade to newer models are major growth drivers for France's Car Finance Market
Market Overview:
According to Ken Research estimates, the France Car Finance Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 – is forecasted to grow further into USD ~ Bn opportunity by 2027F, owing to the favourable government initiatives, and also strategic partnerships and collaborations with other players.
- Internet penetration has played the most crucial role in elevating the overall demand for used cars across Europe, which has ultimately elevated the demand for used car financing as well.
- Over the long term, excessive investments in autonomous vehicles, as well as prompt financing from dealers, banks, and credit unions, will likely contribute to the automotive financing market's growth.
Key Trends by Market Segment:
By New and Used Vehicles: The Vehicle Finance Market in US is segmented into New and Used Vehicle finance with New Vehicle finance holding a majority share of the total Credit Disbursed in the market in 2018. The major drivers behind the growth include rising sales of new and used vehicles as well as the rising prices of retail models in the market.
By Type of Vehicle (Passenger Cars and Light Trucks): Light Trucks accounted for a major share in the number of vehicles loan in the market, while the share of passenger cars was lower than that of light trucks due to the high level of sales and demand registered by Light Trucks.
Competitive Landscape
In France Car Finance Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The top players are Cetelem, Cofinoga, Floa Bank, Younited Credit, Carrefour Banque. While the market is moderately consolidated, new players are still entering the market and with the opportunities presented by the increasing demand and growth in economy, competition is expected to increase in the coming years.
Future Outlook
The Car Finance market in France is expected to rise from ~ to ~ at a positive CAGR of ~% in future years 2022-2027. Increasing production and sales of light commercial vehicles as well as heavy duty vehicles, primarily for trade transport is expected to propel the demand for automotive finance across France in the coming years.
Scope Of The Report
Scope of the Report
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By New and Used Vehicle |
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By Type Vehicle |
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By Lender Category |
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By Risk Category between New and Used Vehicles |
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By Loan Tenure between New and Pre-Owned Motor Vehicles |
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Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Existing Auto Finance Companies
- Banks
- Captive Finance Companies
- Credit Unions
- Private Finance Companies
- New Market Entrants
- Government Organizations
- Investors
- Automobile Associations
- Automobile OEMs
Time Period Captured in the Report
- Historical Year: 2017-2021
- Base Year: 2022
Companies
Major Players Mentioned in the Report
Banks
- Cetelem
- Cofinoga
- Floa Bank
- Younited Credit
- Carrefour Banque
Captives, Credit Unions and Finance Companies
- PSA Banque France
- Hyundai auto finance
- BMW Group Financial Services
- Nissan Motor Acceptance Corporation
- GM Financial
- Credit Acceptance
Table of Contents
Table of Contents
1. Executive Summary
1.1 Market Overview and Size
1.2 Market Segmentation
1.3 Future Analysis and Projections
2. Research Methodology
2.1 Market Definitions
2.2 Abbreviations
2.3 Market Size and Modeling
2.4 General Approach – Market Sizing
2.5 Market Sizing – US Vehicle finance market
2.6 Variables (Dependent and Independent)
2.7 Multi Factor Based Sensitivity Model
2.8 Regression Matrix
2.9 Limitations
2.10 Final Conclusion
3. Operating Model Analysis for US Vehicle Finance Market
3.1. Direct Lending
3.2. Indirect Lending
4. US Vehicle Finance Market Genesis And Overview
4.1. Market Overview, Genesis and Milestones
4.2. Competitive Timeline
5. US Vehicle Finance Market Competitive Ecosystem
6. US Vehicle Finance Market Size, 2017-2022
7. US Vehicle Finance Market Segmentation, 2017 and 2022
7.1. By New and Used Vehicle, 2017 and 2022
7.2. By Type of Vehicle, 2017 and 2022
7.3. By Finance Source (Banks, Captives, Credit Unions and Private Finance Companies) , 2017 and 2022
7.4. By Risk Category, Super Prime, Prime, Nonprime, Subprime and Deep-Subprime 2017 and 2022
7.5. By Risk Category for New Vehicles, 2017 and 2022
7.6. By Risk Category for Used Vehicles, 2017 and 2022
7.7. By Loan Tenure – New and Used Vehicles, 2017 and 2022
8. Government Regulations in US Vehicle Finance Market
8.1. Vehicle Financing
8.2. Applicable Laws/ Regulations
8.3. Regulation by Government Bodies
8.4. Regulatory Costs for Dealers
9. Customer Perspective for US Vehicle Finance Market
9.1. Customer Journey Involved in US Vehicle Finance Market
9.2. Pain Points for the Consumer Involved in US Vehicle Financing Process
9.3. Business Environment Analysis In US Vehicle Finance Market
9.4. PESTEL Analysis
11. Snapshot on Digitization of Vehicle Finance
11.1. Operating Model Transition
11.2. Traditional Vehicle Finance Model
11.3. Digital vehicle Finance Model
11.4. Operating Models in Digital Lending Ecosystem
11.5. Online Auto Lending Market Ecosystem
11.6. Online Auto Lead Generation
11.7. Major Company Profiles of Auto Loan Aggregators and Marketplaces
12. Trends and Developments in US Vehicle Finance Market
12.1. Simplifying the Auto loan Process
12.2. Technology Driven Lending
12.3. Longer Loan Terms
12.4. Vehicle Protection
12.5. Rising Vehicle Sales
12.6. Online Marketplace
12.7. Shift from Lending to Leasing
12.8. Lenders Widening Risk Portfolio
13. Issues And Challenges in US Vehicle Finance Market
12.1. Protectionism and Souring Trade Relations
12.2. Higher Delinquencies and Non-Performing Loans
12.3. Disruption by Electric Vehicles and Hybrids
12.4. Regulatory Pressure
14. Competitive Landscape in US Vehicle Finance Market
14.1. Competition Overview
14.2. Market Share of Major Players in US Auto Finance Market
15. Product Profile of Major Players in US Vehicle Finance Market
16. Company Profiling of Major Players in US Vehicle Finance Market
17. US Vehicle Finance Market Future Outlook and Projections, 2022-2027
17.1. Future Market Size, 2022-2027
17.2. Future Market Segmentation, 2022 and 2027
17.3. By Type of Vehicle Financed, 2022 and 2027
17.4. By Finance Source, 2022 and 2027
17.5. By Loan Tenure, 2022 and 2027
18. Analyst Recommendations
Disclaimer
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Research Methodology
Research Methodology
Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building: Collating statistics on used car and new car over the years, penetration of car finance and down payment ratio to compute overall credit disbursed for cars. We will also review central bank statistics to understand credit disbursed and outstanding amount which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output: Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.
For any queries related to research methodology, click here to schedule a call with our analystsFrequently Asked Questions
Frequently Asked Questions
What is the Study Period of this Market Report?
The France Car Finance Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
What is the Future Growth Rate of the France Car Finance Market?
The France Car Finance Market is expected to witness a CAGR of ~% over the next five years.
What are the Key Factors Driving the France Car Finance Market?
Up-scaling technology capabilities, Automotive and Marine Industries are major growth drivers
Which is the Major Car type Segment within the France Car Finance Market?
The New Cars type segment holds the largest share of the France Car Finance Market in 2022.
Who are the Key Players in the France Car Finance Market?
Cetelem, Cofinoga, Floa Bank, Younited Credit, Carrefour Banque.
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