Philippines Auto Finance Market Outlook to 2023
By Banks and NBFCs including Captive Units (Auto Loan Portfolio and Motor Cycle Loan Portfolio), By New and Used Motor Vehicles, By Motor Vehicle Financed (Passenger and Commercial Vehicles), By Loan Time Period
Published on
July 2019
Total pages
124
About the Report
About the Report
The report titled"Philippines Auto Finance Market Outlook to 2023 – By Banks and NBFCs including Captive Units (Auto Loan Portfolio and Motor Cycle Loan Portfolio), By New and Used Motor Vehicles, By Motor Vehicle Financed (Passenger and Commercial Vehicles), By Loan Time Period" provides a comprehensive analysis of Philippines’ auto finance market including market evolution, market overview, market genesis, market size and market segmentations. Extensive focus has been placed in quantifying the auto credit disbursed auto loans outstanding and number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, type of vehicles, new and used cars and type of institutions) and snapshot on general automotive space in Philippines. Comparative landscape of major banks including Metro Bank, BDO, Ps Bank, East West Bank, Philippine National Bank (PNB Saving Bank), Bank of the Philippine Islands, RCBC, May Bank Philippines Incorporated, and others, as well as the comparative landscape of major NBFCs including the Toyota Financial Services Philippines Corporation (TFSPH), MAFS, Unistar Credit and Finance Corporation, Radio Wealth finance Company, Asia Link Finance Corporation, and others, have been extensively covered. The report also covers future industry analysis (by credit disbursed and auto loan outstanding), future market segmentation, SWOT analysis, growth opportunities, up-coming business models, government regulations and analyst recommendations.
Philippines Auto Finance Market Overview and Size
Philippines auto finance market has been identified in its growth stage. The auto finance market tends to align itself with the domestic market for automobiles. Given its relation with this huge market, the sector naturally plays an important role in the overall growth of the economy. During the last 5 years, the auto finance market has boomed as demand and supply for automotives was growing at double digits year on year. Lenders (supply side entities), in this period have evolved to provide a range of innovative products and services to further improve attraction and penetration of the market. There have been various factors driving the growth of the Philippines auto finance market by value as well as by credit disbursed. Some of these factors are the growing economy of Philippines, increasing motorization rate, increased disposable income leading to an increase in purchase of automobiles and the advent of web aggregators. Along with these factors, an increase in per capita income has led more households to own an automobile in Philippines.
Philippines Auto Finance Market Segmentation
By Type of Motor Vehicle Loans Provided By Banks and NBFCs (Auto Loan Portfolio and Motor Cycle Loan Portfolio): In Philippines, auto loan is disbursed only for passenger vehicles including passenger cars, utility vehicles, sports utility vehicles; and commercial vehicles including trucks, buses and trailers. Motorcycle loans provided to finance two wheelers in the country. Auto loan provided by both banks as well as NBFCs was observed to dominate the market during 2018. The total loan portfolio provided by the banks for financing automotives has grown over the review period.
By Type of Motor Vehicle (New Vehicle and Pre-Owned Vehicles): Loanfinancing provided for new vehicles established itself as market leader in the Philippines auto finance market during the year 2018 owing to the advantages that come handy with the new vehicles that includes higher resale value and better financing schemes. Pre-owned vehicles captured limited share in the market.
By Type of Motor Vehicle Financed (Passenger Vehicle and Commercial Vehicle): Passenger vehicles are used for domestic purpose either by family or an individual for personal use whereas commercial vehicles are majorly used for business purpose. Passenger vehicle financing dominated the Philippines auto finance market during the year 2018. Heavy traffic coupled with rising prices of the car is letting Filipinos to shift from cars to motor cycles in Philippines.
By Time Period of Loan (1, 2, 3, 4, 5 and more years) Between New and Pre-Owned Motor Vehicles: The loan tenure selected by the customer depends on factors such as the price of the car, income level of the customer, flexible scheme options and other social factors such as family size and life style of the individual. The maximum tenure allotted for a car loan by both banks and private finance companies is seven years for new car. It has been observed that, people opting for five year loan tenure dominated the Philippines auto finance market in 2018 followed by 3 year, 4 year, 2 year and 1 year loan tenure period.
By Vehicles Registered Under Various Regions: Number of new vehicles sold in NCR was observed to be higher compared to all other Filipino regions. The heavily populated capital city along with emerging business opportunities in the city has given a boost to commute via cars / motor cycles.
Comparative Landscape in the Philippines Auto finance Market
Competition within the Philippines auto finance market was observed to be highly fragmented along with majority the motor vehicle loans being financed by Banks and the rest small portion is financed by Non Banks and Dealerships. Some of the leading banking institutions include Metro Bank, BDO, Ps Bank, East West Bank, the Philippine National Bank (PNB Saving Bank), Bank of the Philippine Islands, RCBC, May Bank Philippines Incorporated and others. However, stiff competition was observed in the case of NBFCs and dealerships operating in the Philippines including Toyota Financial Services Philippines Corporation, MAFS, Unistar Credit and Finance Corporation, Radio Wealth finance Company and others. Parameters on the basis of which companies compete in the market include price, digitalization, customer centricity, type of distribution network, service portfolio and others. Although there are approximately 100-150 entities involved in extending auto finance in Philippines, the market is dominated by banks in terms of auto loans extended owing to low cost of financing and high trust factor associated with their organized and stable business structures.
Philippines Auto Finance Market Future Outlook and Projections
Over the forecast period, Philippines auto finance market is expected to be positive if there is continuous need for motor vehicle among population. Multiple fin-tech startups have also come up in the country’s financial sector which poses a threat to multi finance companies. These start ups have developed products to augment the digitalization of the banking sector. This includes digital payments, online lending and remote banking facilities which made customer lending process uncomplicated further facilitating the car finance market in the country. Non-banks and dealerships services are expected to outpace the growth in banking institutions because of their customized products and ease to approach. The turnaround time to finance is also relatively less compared to banking institutions. In addition to that, the Philippines auto finance market is likely to witness a boom in terms of number of auto loans sanctioned especially on the technological front. Moreover, a rise in commercial activities engaging automobiles such as rising use of vehicles in public transport, agricultural and industrial use, are expected be the potential prospects of growth in the next five years.
Key Segments Covered
By Type of Motor Vehicle Loans Provided By Banks and NBFCs
Auto Loan Portfolio
Motor Cycle Loan Portfolio
By Type of Motor Vehicle
New Vehicle
Pre-Owned Vehicles
By Type of Motor Vehicle Financed
Passenger Vehicles
Passenger Cars
Utility Vehicles
Sports Utility Vehicles
Two Wheelers
Commercial Vehicles
Trucks
Buses
Trailers
By Time Period of Loan between New and Pre-Owned Motor Vehicles and
One Year
Two Year
Three Year
Four Year
Five Years and More
By Vehicles Registered Under Various Regions
Key Target Audience
Existing Auto Finance Companies
Banks & Subsidiaries
Auto OEM Captive Finance Companies
Non Banking Financial Institutions
New Market Entrants
Automobile Financing Companies
Government Organizations
Investors
Automobile Associations
Automobile Original Equipment Manufacturer
Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2018-2023
Key Companies Covered:
Banking Institutions
Metro Bank
BDO Bank
PS Bank
East West Bank
Philippine National Bank
Bank of the Philippine Islands
Maybank Philippines Incorporated
Others
Non-Banks and Dealership Financing
Toyota Financial Services Philippines Corporation (TFSPH)
MAFS
Unistar Credit and Finance Corporation
Radio Wealth finance Company
Others
Key Topics Covered in the Report
Philippines Auto Finance Market Evolution
Philippines Auto Finance Market Overview and Genesis
Philippines Auto Finance Market Ecosystem, 2018
Philippines Auto Finance Market Value Chain Analysis
Philippines Auto Finance Market Size, 2013-2018
Philippines Auto Finance Market Segmentation, 2013-2018
Major Trends and Development in Philippines Auto Finance Market
Regulatory Framework in the Philippines Auto Finance Market
Snapshot on Philippines Automotive Sales And Manufacturing Market, 2013-2023
Comparative Landscape in the Philippines Auto Finance Market
Philippines Auto Finance Market Future Outlook and Projections, 2018-2023
Analyst Recommendations for the Philippines Auto Finance Market
Products
Products
By Type of Motor Vehicle Loans Provided By Banks and NBFCs(Auto Loan Portfolio,Motor Cycle Loan Portfolio),By Type of Motor Vehicle(New Vehicle,Pre-Owned Vehicles),By Type of Motor Vehicle Financed(Passenger Vehicles,Passenger Cars,Utility Vehicles,Sports Utility Vehicles,Two Wheelers,Commercial Vehicles,Trucks,Buses,Trailers),By Time Period of Loan between New and Pre-Owned Motor Vehicles and(One Year,Two Year,Three Year,Four Year,Five Years and More),By Vehicles Registered Under Various Regions,Key Target Audience(Existing Auto Finance Companies,Banks & Subsidiaries,Auto OEM Captive Finance Companies,Non Banking Financial Institutions,New Market Entrants,Automobile Financing Companies,Government Organizations,Investors,Automobile Associations,Automobile Original Equipment Manufacturer)
Companies
Banking Institutions(Metro Bank,BDO Bank,PS Bank,East West Bank,Philippine National Bank,Bank of the Philippine Islands,Maybank Philippines Incorporated,Others),Non-Banks and Dealership Financing(Toyota Financial Services Philippines Corporation (TFSPH),MAFS,Unistar Credit and Finance Corporation,Radio Wealth finance Company,Others)
Table of Contents
Table of Contents
1. Executive Summary
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 – Philippines Auto Finance Market
2.6. Variables (Dependent and Independent)
2.7. Multi Factor Based Sensitivity Model
2.8. Regression Matrix
2.9. Final Conclusion
3. Philippines Auto Finance Market Evolution, 1900-2018
3.1. Market Entry of Major Players, 1850-2018
3.2. Change in Sector Related Policies & their Effect on Philippines Auto Finance Market, 2011-2018
4. Philippines Auto Finance Market Overview & Genesis
4.1. Market Overview
5. Philippines Auto Finance Market Ecosystem, 2018
6. Philippines Auto Finance Market Value Chain Analysis, Customer Pain Points & Decision Making, 2018
Online Aggregators
6.1. AutoDeal Philippines
Vendor Selection Process in Philippines Auto Finance Market
Major Pain Points of Various Entities In Philippines Auto Finance Market
7. Philippines Auto Finance Market Size (By Credit Disbursed, Auto Loan Outstanding & Number of Automobiles Financed), 2013-2018
7.1. Loan Proportions, 2013-2018
7.2. Major Business Stratergies, Company Positioning, Mergers and Aquisitions & Payment Methods, 2018
7.3. Ways To Finance A Car In Philippines Auto Finance Market (Bank Finance Or Multi Financing Companies, 7.4. Personal Finance, Lease Financing), 2018
7.5. Different Ways To Finance A Car In Philippines Auto Finance Market, 2018
7.6. Prevailing Interest Rates in Philippines Auto Finance Market, 2018
8. Philippines Auto Finance Market Segmentation, 2013-2018
8.1. Market Segmentation By Type of Motor Vehicle Loan Provided –Auto Loan and Motor Loan (By Banks & Non Banks), 2013-2018
By Banks On the Basis of Motor Loan Vehicle Portfolio, 2013-2018
By Non-Banks On the Basis of Motor Loan Vehicle Portfolio, 2013-2018
8.2 By Type of Motor Vehicle-New and Pre Owned Vehicles, 2018
Further Split On the Basis of Loan facilitating Institutions (Banks & Non Banks)
8.3 Market Segmentation on the Basis of Type of Motor Vehicle (Passenger & Commercial) Financed, 2015-2018P
8.4 Market Segmentation By Time Period of Loan (1, 2, 3, 4, 5 and more years) for New and Pre-Owned Motor Vehicles, 2018
On the Basis of Loan Term for New Vehicle, 2018
On the Basis of Loan Term for Pre Owned Vehicle, 2018
8.5 Market Segmentation By Volumes Of Vehicles Registered Under Various Regions, 2018
On the Basis of Number of Vehicles Financed, 2018
On the Basis of The Disbursment of New Motor Vehicle Loan Reigion Wise, 2018
On the Basis of The Disbursment of New Motor Vehicles Segmentation By Disbursement, 2018
9. Major Trends and Development in Philippines Auto Finance Market
9.1. Rapid increase in Non-Bank loan portfolios
9.2. Technological integration and customized products
9.3. Decrease in Car Sales in 2018
9.4. Growth of Used Car Market
9.5. Tax Reform for Acceleration and Inclusion (TRAIN) Act
9.6. Positively Inclining Interest rates & Weaking Autofinance Sector
10. Government Regulations in Philippines Auto Finance Market
10.1. Acts Governing Philippines Financial Institutions
10.2. License Requirements to Operate as a Financial Institution in Philippines
10.3. General Requirement and Documentation Required for a New Car Financing
10.4. Regulatory framework for Multi Finance Companies
10.5. General Requirement and Documentation for Used Car Financing
11. Philippines Auto Finance Market Competitive Scenario
11.1. Market Share of Major Entities in Philippines Auto Finance Market, 2017-2018
11.2. Market Share of Major Banks By Auto Loan Outstanding, 2017 and 2018
11.3. Market Share of Auto NBFCs By Auto Loan Outstanding, 2017 and 2018
12. Company Profiles of Major Banks & NBFC’s in Philippines Auto Finance Market
Company Profile of Major Banks
12.1. MetroBank
12.2. BDO Bank
12.3. PS Bank
12.4. East west Bank
12.5. Philippine National Bank (PNB)
12.6. Bank of the Philippine Islands (BPI)
12.7. Rizal Commercial Banking Corporation (RCBC)
12.8. MayBank Philippines Incorporated
12.9. Other Banks in the industry (China Bank, United Coconut Planters Bank, Security Bank Corporation, Union Bank, Robinsons Bank, The Philippine Bank of
Communications & Sterling Bank of Philippines)
Company Profiles of major NBFC’s
12.10. Toyota Financial Services Philippines Corporation (TFSPH)
12.11. Radiowealth finance company (RFC)
12.12. Other NBFCs in the industry (Unistar Credit and Finance Corporation, Asia Link Finance Corporation, Leauge one Finance and leasing Corporation, DBP Leasing
Corporation, First United Finance and Leasing Corporation), 2018
13. Future Outlook and Projections for Philippines Auto Finance Market, 2019E-2023E
13.1. Market Size By Auto Loan Outstanding & Vehicles Financed, 2019E-2023E
13.2. Future Market Segmentation, 2019E-2023E
By New & Pre-OwnedVehicle Financed further Split on Banks and Non Banks, 2018-2023
13.2.1. New Vehicle Financed, 2019E-2023E
13.2.1. Pre Owned Vehicle Financed, 2019E-2023E
By Type Of vehicle (Passenger and commercial vehicles) Financed & Financial Penetration Rates, 2018-2023E
14. Analyst Recommendation
Disclaimer
Contact Us
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 – Philippines Auto Finance Market
2.6. Variables (Dependent and Independent)
2.7. Multi Factor Based Sensitivity Model
2.8. Regression Matrix
2.9. Final Conclusion
3. Philippines Auto Finance Market Evolution, 1900-2018
3.1. Market Entry of Major Players, 1850-2018
3.2. Change in Sector Related Policies & their Effect on Philippines Auto Finance Market, 2011-2018
4. Philippines Auto Finance Market Overview & Genesis
4.1. Market Overview
5. Philippines Auto Finance Market Ecosystem, 2018
6. Philippines Auto Finance Market Value Chain Analysis, Customer Pain Points & Decision Making, 2018
Online Aggregators
6.1. AutoDeal Philippines
Vendor Selection Process in Philippines Auto Finance Market
Major Pain Points of Various Entities In Philippines Auto Finance Market
7. Philippines Auto Finance Market Size (By Credit Disbursed, Auto Loan Outstanding & Number of Automobiles Financed), 2013-2018
7.1. Loan Proportions, 2013-2018
7.2. Major Business Stratergies, Company Positioning, Mergers and Aquisitions & Payment Methods, 2018
7.3. Ways To Finance A Car In Philippines Auto Finance Market (Bank Finance Or Multi Financing Companies, 7.4. Personal Finance, Lease Financing), 2018
7.5. Different Ways To Finance A Car In Philippines Auto Finance Market, 2018
7.6. Prevailing Interest Rates in Philippines Auto Finance Market, 2018
8. Philippines Auto Finance Market Segmentation, 2013-2018
8.1. Market Segmentation By Type of Motor Vehicle Loan Provided –Auto Loan and Motor Loan (By Banks & Non Banks), 2013-2018
By Banks On the Basis of Motor Loan Vehicle Portfolio, 2013-2018
By Non-Banks On the Basis of Motor Loan Vehicle Portfolio, 2013-2018
8.2 By Type of Motor Vehicle-New and Pre Owned Vehicles, 2018
Further Split On the Basis of Loan facilitating Institutions (Banks & Non Banks)
8.3 Market Segmentation on the Basis of Type of Motor Vehicle (Passenger & Commercial) Financed, 2015-2018P
8.4 Market Segmentation By Time Period of Loan (1, 2, 3, 4, 5 and more years) for New and Pre-Owned Motor Vehicles, 2018
On the Basis of Loan Term for New Vehicle, 2018
On the Basis of Loan Term for Pre Owned Vehicle, 2018
8.5 Market Segmentation By Volumes Of Vehicles Registered Under Various Regions, 2018
On the Basis of Number of Vehicles Financed, 2018
On the Basis of The Disbursment of New Motor Vehicle Loan Reigion Wise, 2018
On the Basis of The Disbursment of New Motor Vehicles Segmentation By Disbursement, 2018
9. Major Trends and Development in Philippines Auto Finance Market
9.1. Rapid increase in Non-Bank loan portfolios
9.2. Technological integration and customized products
9.3. Decrease in Car Sales in 2018
9.4. Growth of Used Car Market
9.5. Tax Reform for Acceleration and Inclusion (TRAIN) Act
9.6. Positively Inclining Interest rates & Weaking Autofinance Sector
10. Government Regulations in Philippines Auto Finance Market
10.1. Acts Governing Philippines Financial Institutions
10.2. License Requirements to Operate as a Financial Institution in Philippines
10.3. General Requirement and Documentation Required for a New Car Financing
10.4. Regulatory framework for Multi Finance Companies
10.5. General Requirement and Documentation for Used Car Financing
11. Philippines Auto Finance Market Competitive Scenario
11.1. Market Share of Major Entities in Philippines Auto Finance Market, 2017-2018
11.2. Market Share of Major Banks By Auto Loan Outstanding, 2017 and 2018
11.3. Market Share of Auto NBFCs By Auto Loan Outstanding, 2017 and 2018
12. Company Profiles of Major Banks & NBFC’s in Philippines Auto Finance Market
Company Profile of Major Banks
12.1. MetroBank
12.2. BDO Bank
12.3. PS Bank
12.4. East west Bank
12.5. Philippine National Bank (PNB)
12.6. Bank of the Philippine Islands (BPI)
12.7. Rizal Commercial Banking Corporation (RCBC)
12.8. MayBank Philippines Incorporated
12.9. Other Banks in the industry (China Bank, United Coconut Planters Bank, Security Bank Corporation, Union Bank, Robinsons Bank, The Philippine Bank of
Communications & Sterling Bank of Philippines)
Company Profiles of major NBFC’s
12.10. Toyota Financial Services Philippines Corporation (TFSPH)
12.11. Radiowealth finance company (RFC)
12.12. Other NBFCs in the industry (Unistar Credit and Finance Corporation, Asia Link Finance Corporation, Leauge one Finance and leasing Corporation, DBP Leasing
Corporation, First United Finance and Leasing Corporation), 2018
13. Future Outlook and Projections for Philippines Auto Finance Market, 2019E-2023E
13.1. Market Size By Auto Loan Outstanding & Vehicles Financed, 2019E-2023E
13.2. Future Market Segmentation, 2019E-2023E
By New & Pre-OwnedVehicle Financed further Split on Banks and Non Banks, 2018-2023
13.2.1. New Vehicle Financed, 2019E-2023E
13.2.1. Pre Owned Vehicle Financed, 2019E-2023E
By Type Of vehicle (Passenger and commercial vehicles) Financed & Financial Penetration Rates, 2018-2023E
14. Analyst Recommendation
Disclaimer
Contact Us
List of Figure
Figure 6‑1: Philippines Auto Finance Market Operating Model Including OEMs, Cab Aggregators, Banks, Non-Bank Financial Institutions and Others, 2018
Figure 7‑1: Philippines Auto Finance Market Size on the Basis of Auto Loan Outstanding in PHP Billion, 2013-2018
Figure 7‑2: Philippines Auto Finance Market Size on the Basis of Loan Disbursed in PHP Billion, 2016-2018
Figure 7‑3: Philippines Auto Finance Market Size on the Basis of Total Number of New Vehicles Financed in Units and Growth Rate in Percentage (%), 2016-2018
Figure 7‑4: Motor Vehicle Loan Portfolio By Banks in Philippines Auto Finance Market in terms of Auto Loan Outstanding from (i) Universal and Commercial Banks and (ii) Thrift Banks in PHP Billion, 2013-2018
Figure 7‑5: Motor Vehicle Loan Portfolio By Banks in Philippines Auto Finance Market in terms of Percentage Credit Disbursed from (i) Universal and Commercial Banks (ii) Thrift Banks, 2013-2018
Figure 8‑1: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Banks on the basis of Loan Outstanding in Percentage (%), 2013-2018
Figure 8‑2: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks & Dealerships on the basis of Loan Outstanding in Percentage (%), 2013-2018
Figure 8‑3: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Financed (New and Pre-Owned) on the Basis of Loan Outstanding in Percentage (%), 2018
Figure 8‑4: Philippines Auto Finance Market Segmentation by Type of New Motor Vehicle on the basis of Loan Outstanding Issued by Banks & Non Banking Institutes in Percentage (%), 2018
Figure 8‑5: Philippines Auto Finance Market Segmentation by Type of Pre Owned Motor Vehicle on the basis of Loan Outstanding Issued by Banks & Non Banking Institutes in Percentage (%), 2018
Figure 8‑6: Philippines Auto Finance Market Segmentation by Time period of Loan (1, 2,3, 4 and 5 years) for New Vehicle on the Basis of Auto Loan Outstanding in Percentage (%), 2018
Figure 8‑7: Philippines Auto Finance Market Segmentation by Time period of Loan (1, 2, 3, 4 and 5 years) for Pre-Owned Vehicle in Market Share percentage, 2018
Figure 11‑1: Market Share of Major Banks in Philippines Auto Finance Market on the Basis of Auto Loan AUM (Asset under Management) in Percentage (%), 2018
Figure 13‑1: Philippines Auto Finance Expected Market Size on the Basis of Auto Loan Outstanding in PHP Billion, 2018-2023E.
Figure 13‑2: Philippines Auto Finance Future Market Size on the Basis of Total Number of Vehicles Financed and Growth Rate (%), 2018-2023E
Figure 13‑3: Philippines Auto Finance Market Future Segmentation by Total Loan Outstanding for Pre Owned Vehicles Financed by Type of Institution (Banks & Non Banks) in Percentage (%), 2018-2023E
List of Table
Table 2‑1: Philippines Auto Finance Market Definitions including Auto Loans, Financial Institutions, Non-Bank Financial Institutions, Captive Finance Companies, Non-Captive Finance Companies, Commercial Vehicles and Others, 2013-2023
Table 2‑2: Correlation Matrix of Philippines Auto Finance Market, 2013-2023
Table 2‑3: Regression Coefficients Output for Philippines Auto Finance Market, 2013-2023
Table 3‑1: Philippines Auto Finance Market Timeline Including Year of Establishment, Entity Name, Entity Type and Market Positioning of Major Players Including Banks, Captive Finances and Non- Banks, 1850-2018
Table 4‑1: Philippines Auto Finance Market Overview and Key Operating Parameters Including Market Overview, Market Genesis (1960-2018), Key Operating Parameters for Auto Finance Market, Change in Auto Loan Over the Years, 2013-2023
Table 5‑1: Philippines Auto Finance Market Ecosystem Including Banks & Subsidiaries, Non Banking Financial Institutions, Captive Finances and Auto Manufacturers, 2018
Table 6‑2: Value Chain Analysis for Philippines Auto Finance Market Entities-Banks, Captive, Non-Bank institutions and Customers Including Role, Number, Major Players, and Types of Customers, Payment Methods and others, 2018
Table 6‑3: Value Chain Analysis for Philippines Auto Finance Market Including Customer Acquisition, Application Terms, Screening, Insurance, Credit Execution, Payment Method, and Collection Reminder Process, 2018
Table 6‑4: Philippines Auto Finance Market Company Profile of AutoDeal Including Overview, Key Features, Major New Car Dealer Partners, Major Used Car Dealer Partners, Website Visit Information, Total Revenues, KPIs, 2018
Table 6‑5: Number of Leads Generated by AutoDeal for Dealers for each Quarter in the Period 2015-2018
Table 6‑6: Philippines Auto Finance Market Company Profile of MoneyMax Including Overview, Key Features, Major Banks Associated, Website Visit Information, Total Revenues, Products Offered, 2018
Table 6‑7: Philippines Auto Finance Market Company Profile of Go Bear Including Overview, Key Features, Major Banks Covered and Others, 2018
Table 6‑8: Vendor Selection Process in Philippines Auto Finance Market Including Interest Rates, Collaterals, Documentation and Others
Table 6‑9: Philippines Auto Finance Market Pain Points of Various Entities in Value Chain, 2018
Table 7‑1: Rationale and Description for Market Sizing Analysis in Philippines Auto Finance on the Basis of Credit Disbursed, Auto Loans Outstanding, Number of Automobiles Financed, Growth Drivers, Penetration Rates, Major Associations, Key Business Strategies, Key Selection Parameters and Digital Modes of Payment, 2013-2018
Table 7‑2: Philippines Auto Finance Market Recent Developments in Financing Space, 2018
Table 7‑3: Philippines Auto Finance Market Financing Product Features Including Consumer Financing, Leasing and Factoring, 2018
Table 7‑4: Philippines Auto Finance Market Financing Types Including Secured Auto Loans, Unsecured Auto Loans, Direct Financing, Indirect Financing, In-house financing, Lease Buyout Loans, 2018
Table 7‑5: Interest Options Available for Brand New and Pre-Owned Cars at EastWest Bank, 2018
Table 8‑1: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Banks on the basis of Loan Outstanding in PHP Billion, 2013-2018
Table 8‑2: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks & Dealerships on the basis of Loan Outstanding in PHP Billion, 2013-2018
Table 8‑3: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Financed (New and Pre-Owned) on the Basis of Loan Outstanding in PHP Billion, 2018
Table 8‑4: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle (New and Pre-Owned) on the basis on loan facilitating institutions in PHP Billion, 2018
Table 8‑5: Philippines Sales of Passenger Motor Vehicle Including Passenger Cars, Utility Vehicles, Sports Utility Vehicles, Motorcycles/Tri Cycles in Units, 2015-2018P
Table 8‑6: Philippines Sales of Commercial Motor Vehicle Including Trucks, Buses and Trailers in Units, 2015-2018P
Table 8‑7: Philippines Auto Finance Market Segmentation Including Sales, Penetration and Number of Financed Vehicles (Passenger and Commercial) on the basis on Auto Loan Outstanding in PHP Billion and Financial Penetration in Percentage (%), 2016-2018
Table 8‑8: Philippines Auto Finance Market Segmentation by Time period of Loan (1, 2,3,4 and 5 years) for New Vehicle on the Basis of Auto Loan Outstanding in PHP Billions, 2018
Table 8‑9: Philippines Motor Vehicle Loan Outstanding by Time period of Loan (1, 2,3,4 and 5 years) for Pre-Owned Vehicle in PHP Billions, 2018
Table 8‑10: Philippines Auto Finance Market Segmentation by Volumes of Vehicles Financed and Registered Under Various Regions in Units, 2018
Table 8‑11: Philippines Auto Finance Market Segmentation by Volumes of Vehicles Registered under Various regions in Percentage, 2018
Table 8‑12: Philippines Auto Finance Market Segmentation by Volumes of Vehicles Registered under Various regions on the basis of disbursement of Vehicle Loan on the Regional Basis in PHP Billion, 2018
Table 8‑13: Philippines Auto Finance Market Segmentation by New Motor Vehicles Segmentation by Auto Loan Disbursement Including Volumes Sold, Volumes of Vehicle Financed, Average Ticket Size in Million PHP/ Unit, Value of Motor Vehicle Financed in Billion PHP, Loan Amount Disbursed on Vehicles in Billion PHP, Market share on Disbursement, 2018
Table 8‑14: Philippines Auto Finance Market Segmentation by New Motor Vehicles Segmentation by Disbursement based on Down payment and Financed in terms of Percentage, 2018
Table 9‑1: Comparison of tax rates before and after the introduction of TRAIN ACT in Philippines, 2018
Table 10‑1: Description of Major Acts & Laws Passed Governing Philippines Financial Institutions Including The General Banking Law of 2000, Foreign Bank Liberalization Act, Thrift Banks Act, Financing Company Act, Secrecy of Bank Deposits Act and Others, 2018
Table10‑2: Major Requirements an Institution has to follow to Operate as a Financial Institution in Philippines, 2018
Table 10‑3: Description of Eligibility and Documentation Requirements for New Car Financing in Philippines, 2018
Table 10‑4: Description of Eligibility and Documentation Requirements for Used Car Financing in Philippines, 2018
Table 11‑1: Competition Scenario in Philippines Auto Finance Market Including Market Nature, Barriers to Entry, Major Entities, Number of Entities, Market Positioning, Types of Services and Major Competing Parameters, 2018
Table 11‑2: Market Share of Major Banks on the Basis of Auto Loan AUM in PHP Billion, 2017
Table 11‑3: Market Share of Major Non-Bank/Captive Finance Units on the Basis of Auto Loans and Receivables in PHP Billion, 2018
Table 12‑1: MetroBank Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑2: BDO Bank Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑3: BDO Bank Terms & Conditions for Obtaining Loan for Brand New & Pre Owned Vehicles Including Minimum Down Payment and Maximum Loan Term, 2018
Table 12‑4: PS Bank Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management, 2018
Table 12‑5: EastWest Bank Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑6: Interest Options Available for Brand new and Pre-owned cars at EastWest Bank, 2018
Table 12‑7: Philippine National Bank Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑8: Effective Auto Loan Interest Rates for Different Loan terms of PNB, 2018
Table 12‑9: Philippine National Bank Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑10: Rizal Commercial Banking Corporation Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑11: MayBank Philippines Incorporated Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑12: Company Description of other Banks in the Philippine Auto Loan Industry Including China Bank, United Coconut Planters Bank, Security Bank Corporation, Union Bank, Robinsons Bank, The Philippine Bank of Communications (PBCOM), Sterling Bank of Philippines, 2018
Table 12‑13: Toyota Financial Services Philippines Corporation (TFSPH) Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2018
Table 12‑14: Toyota Financial Services Philippines Corporation (TFSPH) Company Profile Including Company Overview, Business Strategies, Strengths, Weaknesses, Products and Services, Number of Branches, Number of Employees, Car Finance, Assets Under Management, 2018
Table 12‑15: Company Description of other NBFCs in the Philippine Auto Loan Industry Including Unistar Credit and Finance Corporation, Asia Link Finance Corporation, Leauge one Finance and leasing Corporation, DBP Leasing Corporation, First United Finance and Leasing Corporation, 2018
Table 13‑1: Philippines Auto Finance Expected Market Size and CAGR, Expected Market Growth Trends, Key Catchment Areas and Others, 2019E-2023E
Table 13‑2: Philippines Auto Finance Market Size on the Basis of Number of Vehicles Financed out of Total Vehicles & Penetration Rate in Percentage (%), 2018-2023E
Table 13‑3: Philippines Auto Finance Future Market Segmentation by Total Number of Passenger Vehicle Sales in Volume for New Passenger Cars Sold, New Utility Vehicles Sold, SUV Sold, New Motor Cycles Sold and Total Passenger Vehicle Sold, 2019E-2023E
Table 13‑4: Philippines Auto Finance Future Market Segmentation by Total Number of Passenger Vehicle Financed in Volume for New Passenger Cars Financed, New Utility Vehicles Financed, SUV Financed, New Motor Cycles Financed and Total Passenger Vehicle Financed, 2019E-2023E
Table 13‑5: Philippines Auto Finance Future Market Penetration Rate by Total Number of Passenger Vehicle Financed for New Passenger Cars, New Utility Vehicles, SUV, New Motor Cycles and Total Passenger Vehicle in Percentage (%), 2019E-2023E
Table 13‑6: Philippines Auto Finance Future Market Segmentation by Total Number of Commercial Vehicle Sales in Volume for New Truck Sales Volume, New Buses Sold, New Trailer Sales Volume, Total Commercial Vehicles Sold in Units, 2019E-2023E
Table 13‑7: Philippines Auto Finance Future Market Segmentation by Total Number of Commercial Vehicle Financed in Volume for New Truck, New Buses, New Trailer, Total Commercial Vehicles in Units, 2019E-2023E
Table 13‑8: Philippines Auto Finance Future Market Penetration Rate by Total Number of Commercial Vehicle Financed for New Truck, New Buses, New Trailer, Total Commercial Vehicles in Percentage (%), 2019E-2023E
Table 14‑1: Analyst Recommendation for a New Entrant and Existing Players in Philippines Auto Finance Market, 2018
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