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Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans

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Analysts at Ken Research in their latest publication Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans believe that the market demand is likely to follow a growth trend in the near future due to a forthcoming increase in used cars sales and a shift towards newer models of mobility such as car sharing and leasing, which will in turn help the economy grow as well. The Report provides a comprehensive analysis of Philippines’ auto finance market including market evolution, market overview, market genesis, and 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 Some positive factors expected to impact the market are the influx of digitization based lending models (introduction of fin-tech products), the spread of customized loan products and a further rise in the penetration rate of banks and Non Bank finance. The market is anticipated to register a positive CAGR of 9.0% in terms of credit disbursed and 8.1% in terms of total loan outstanding during the forecasted period 2019P-2024F.

Philippines Auto Finance Market Overview and Size
Market Overview: The auto finance market has played an imperative role in the overall GDP (Constant Prices) contribution in the Philippine economy with a value contribution of more than 25% in terms of auto loan outstanding by the end of 2019 (Provisional). The Auto Finance Market in Philippines is fairly new and has not been able to penetrate the country. There is a lack of knowledge and awareness in the country which leads to the problem of people opting for cash purchases, in place of finance payments.

Major operations are conducted by two types of entities namely, Banks & Subsidiaries and Non Bank Financial Institutes. The only captive finance working in the country is Toyota Financial Services Philippines and other than that there is a lack of Captive finance institutions.

Philippines auto finance market size in terms of auto loan outstanding increased with a double digit CAGR during the same period. The growth factors include lowering lending rates, growth in new & used car sales, expanding household population and higher demand in the urban regions along with progressive technological advancements being mandated by the government and the adoption of digitalization by all major financial institutions in the country.

Two-wheelers market witnessed growth with the rise in motorcycle fueled by the huge demand by small industry workers and rural business. Constant prime lending rates, growing car sales and evolving used car market have been the major push factors.

Philippine Auto Finance Market Segmentation
By Type of Vehicles Financed: Market segmentation is done on the basis of sales of type of Vehicle financed. It was observed that out of total vehicle financed, new Automobiles capture highest share of the market in 2019P, while used Automobile capture of the overall financed vehicle, and motorcycle captured rest share in terms of units.

By Banks and Non Banks: Philippines Auto finance market is largelygoverned by Banks and banking segment of the market amounted to the overall market. Non banking sector amounted to remaining the market in terms of Auto loan outstanding.
  • By Banks on the basis of Auto Loans and Motorcycle Loans: In Philippines, it is witnessed that the banks majorly focus upon providing loans to the Automobile segment rather than motorcycle segment. Due to this, auto loan segment of the bank captured highest share of the market and Motorcycle loan amounted to rest of the overall market.
  • By Non Banks on the basis of Auto Loans and Motorcycle Loans: In Philippines, Non Banking segment do not have a lot of capital and deep pockets, hence they majorly focus on providing loans for Used Automobiles and for motorcycle, as they have lower average price..
By Type of Banking Institutions: There are majorly two types of Banking Institutions in Philippines; Commercial and Thrift banking systems. Commercial banks are big and govern largest share of the banking segment of the market and thrift banking system amounted to rest of the banks share in the market.

By Nature of Vehicle: The market has beendivided in terms of Used and New Vehicle. It is witnessed that in Philippines, majority of the market is governed by new vehicle and it amounted highest share of the overall market.

By Tenure of Loan: In Philippines Auto Finance Market, the Tenure of loan for New Vehicles is divided in 5 sections; 1 Year Loan period amounts to the lowest share on the basis of Auto Loan Disbursement for New Vehicle while remaining share is given to the 0-5 year or more tenure period amounts to the maximum share. For Used cars, the most favorable tenure is said to be for 3 years or more.

By Sales Registration: In Philippines, we witness thatNCR region, have the highest value of sales registration and approximately highest of the total vehicles are registered in this area.

Compeititive Landscape of Philippines Auto Finance Market
The overall competition nature has been fragmented owing to large size of other players in the market. The top 5 entities capture over 50% of the total auto loan outstanding in the banking sector in 2019P. Banks have been the dominant entity in 2019P. Although there are approximately ~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 & stable business structures. In 2019P, there were 6 major banks namely Metrobank, BDO Unibank, Eastwest Bank, Bank of Philippine Island, Rizal Corporation and Maybank.

The overall competition nature has been highly concentrated owing to major market share captured by 3 big players namely, Toyota Financial Services Philippines Corporation (TFSPH), Unistar Credit & Finance Corporation and Radio Wealth finance Company. Similar scenario has been observed for the year 2019P. The Largest player in this category is TFSPH.

Competing Parameters: These entities majorly compete on the basis of diversification of services; interest rates charged, expanded distribution network & regional presence and enhanced customer relationship. One of the chief competing parameter is digitalization that has completely changed the market along with major strategies used to attract customers & expand business including Cash Your Car and others.

Philippines Auto Finance Market Future Outlook
Future Growth Prospects: Philippines auto finance market is likely to witness a boom in terms of auto loan outstanding, credit disbursed and number of vehicles financed especially owing to fast pace developments on the technological front with the development of the Eastern Economic Corridor (EEC). Furthermore, the inclusion of many Japanese Auto makers is also supposed to act like a catalyst for the growth. This is expected to increase the number of total vehicles financed in the country. Customers would witness new schemes in the market focusing primarily on customers friendly outlook and enable customers to operate auto loans financial services from home, without any hassle. Moreover, rise in commercial activities engaging automobiles, such as 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 Vehicle Financed
  • New Vehicles
  • Used Vehicles
  • Motorcycles
By Banks and Non Banks
  • Banks (Auto Loans and Motorcycle Loans)
  • Non Banks (Auto Loans and Motorcycle Loans)
By Type of Banking Institutions
  • Commercial and Universal Banks
  • Thrift Banks
By Nature of Vehicles
  • New Vehicles (Banks and Non Banks)
  • Used Vehicles (Banks and Non Banks)
By Type of Vehicle Sold
  • Passenger
  • Commercial
  • Motorcycles
By Tenure of Loans
  • New Vehicle (1 year, 2 Years, 3 Years, 4 years, 5 Years or More)
  • Used Vehicle (1 year, 2 Years, 3 Years or More)
By Registration of Vehicles

Key Target Audience
  • Existing Auto Finance Companies
  • Banks
  • OEM Dealerships
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Auto mobile Associations
  • Auto mobile OEMs
Time Period Captured in the Report:
  • Historical Period: 2014-2019P
  • Forecast Period: 2019P-2024F
Key Companies Covered:
  • Banks
    • MetroBank
    • BDO Bank
    • PS Bank
    • Eastwest Bank
    • The Philippine National Bank
    • Bank of the Philippine Islands
    • The Rizal Commercial Banking Corporation
    • Maybank Philippines
    • China Bank
    • United Coconut Planters Bank
    • Security Bank Corporation
    • Union Bank
    • Robinsons Bank
    • The Philippine Bank of Communications (PBCOM)
    • Land Bank of Philippines
    • Asia United Banking Corporation
    • Bank of Commerce
    • Development Bank of Philippines
    • Union Bank
    • UCPB Bank
    • Sterling Bank of Philippines
  • NBFCs
    • Radiowealth finance company (RFC)
    • Unistar Credit and Finance Corporation
    • Asia Link Finance Corporation Leauge
    • One Finance and leasing Corporation
    • DBP Leasing Corporation
    • First United Finance and Leasing Corporation
    • BPI Capital Corporation
    • Cebu International Finance Corporation
    • Orix Metro Leasing and Finance Corporation
    • Philippine Depository and Trust Corporation
    • LBP leasing and Financing Corporation
    • RCBC Leasing and Finance Corporation
  • Captives
    • Toyota Financial Services Philippines Limited
 
Key Topics Covered in the Report
  • Philippines Auto Finance Market Overview and Genesis
  • Philippines Auto Finance Market Ecosystem, 2019P
  • Value Chain Analysis of Philippines Auto Finance Market, 2019P
  • Philippines Finance Market Value Chain Analysis
  • Philippines Auto Finance Market Size, 2013-2019P
  • Philippines Auto Finance Market Segmentation, 20113-2019P
  • 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, 2014-2019P
  • Ways to Finance Automotives in Philippines(Bank Finance or Multi Financing Companies, Personal Finance, Lease Financing)
  • Vendor Selection Process for Auto Finance Company in Philippines
  • Competitive Landscape containing Company & Product Profiles in the Philippines Auto Finance Market
  • Financial Penetration of various OEM Brands
  • Philippines Finance Market Future Outlook and Projections, 2019P-2024
  • Analyst Recommendations for the Philippines Auto Finance Market
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Table Of Content

Scope

1. Executive Summary
Market Size and overview
Market Segmentation
Competitive Analysis
Future Analysis and Projections

2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
General Approach – Market Sizing
Market Sizing – Philippines Auto Finance Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Final Conclusion

3. Philippines Auto Finance Market Evolution, 1850-2019P
Genesis of major Institutions, 1850-2019P
Changes in Sector Related Policies & their Effect on Philippines Auto Finance Market, 2011-2019F

4. Philippines Auto Finance Market Overview & Genesis, 2014-2019P

5. Philippines Auto Finance Market Eco-System, 2019P


6. Philippines Auto Finance Market Value Chain Analysis, 2019P

6.1. Online Aggregators
AutoDeal
MoneyMax
Go Bear
6.2. Analysis of Major Entities Involved, Pain Points, Business Strategies and Financing Options Available in Philippines Auto Finance Market, 2019P
Vendor Selection Process in Philippines Auto Finance Market
Major Pain Points of Various Entities In Philippines Auto Finance Market
Major Business Strategies, Company Positioning, Mergers and aquisitions & payment methods, 2019P
Ways To Finance a Car In Philippines Auto Finance Market (Bank Finance Or Multi Financing Companies, Personal Finance, Lease Financing), 2019P
Different Ways To Finance A Car In Philippines Auto Finance Market, 2019P
Prevailing Interest rates in Philippines auto FInance Market, 2019P

7. Philippines Auto Finance Market Size By Auto Loan Disbursed, Auto Loan Outstanding & Number Of Automobiles Financed, 2014-2019P
Auto Sales Slump in 2018

8. Philippines Auto Finance Market Segmentation, 2014-2019P
8.1. By Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle), 2014-2019P
8.2. By Banks and Non Banks (Auto Loan and Motorcycle Loan), 2014-2019P
By Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2014-2019P
By Non Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2014-2019P
8.3. By Type of Banking Institutions (Commercial/Universal Bank, Thrift Banks), 2014-2019P
8.4. By Nature of Vehicles (New and Used), 2014-2019P
By Nature of Vehicle (New Vehicle and used vehicle) on the basis of Loan Facilitating Institutions, 2018 & 2019P
8.5. By Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales, 2014-2019P
8.6. By Tenure of Loan for New Vehicle and Used Vehicle, 2014-2019P
By Tenure of Loan (1 Year, 2 year, 3 Year, 4 Year and more than 5 Years) on the basis of Auto Loan Disbursement of New Vehicles (Passenger and Commercial Vehicles), 2019P
By Tenure of Loan (1 Year, 2 year, 3year or More ) on the basis of Auto Loan Disbursement of Used Vehicles, 2019P
8.7. By Volumes of New Vehicle Registered under Various Regions, 2019P

9. Trends and Development in Philippines Auto Finance Market, 2019P
Growing Prominance of Captive Finance
Technological Integration and Customized Products
Growth of Used Car Market
Tax Reform for Acceleration and Inclusion (TRAIN) Act
Positively Inclining Interest rates

10. Government Regulations in Philippines Auto Finance Market, 2019P
10.1. Acts Governing Philippines Financial Institutions, 2019P
10.2. License Requirements to Operate as a Financial Institution in Philippines, 2019P
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. Analysis of OEM Dealers in Philippines Auto Finance Market, 2017-2019P

12. Competition Analysis in Philippines Auto Finance Market, 2019P
12.1. Market Share of Major Entities in Philippines Auto Finance Market, 2018 & 2019P
Market Share of Major Banks, 2018 & 2019P
Market Share of Major Non Banks in Philippines Auto Finance Market, 2018 & 2019P

13. Company Profiles of Major Players in Philippines Auto Finance Market, 2019P
Company Profiles of major Banks and Their Subsidiaries
13.1. MetroBank
13.2. BDO BANK
13.3. Eastwest Bank
13.4. Bank of Philippine Islands (BPI)
13.5. Rizal Commercial Banking Corporation (RCBC)
13.6. Maybank
13.7. Other Banks (China Bank, United Coconut Planters Bank, Security Bank Corporation, Union Bank, Robinsons Bank, The Philippine Bank of Communications & Sterling Bank of Philippines)
Company Profile of Major NBFCs in Philippines Auto Finance Market
13.8. Toyota Financial Services Philippines Corporation (TFSPH)
13.9. Radiowealth Finance
13.10. Unistar Credit and Finance Corporation
13.11. Other NBFCs in the industry (Aeon Credit Service (Philippines) inc, Asia Link Finance Corporation, Leauge one Finance and leasing Corporation, DBP Leasing Corporation, First United Finance and Leasing Corporation),

14. Philippines Auto Finance Market Future Outlook and Projections, 2019P-2024F
14.1. Philippine Auto Finance Market Size (Auto Loan Outstanding, Auto Loan Disbursed & Vehicles Financed), 2019P-2024F
14.2. Future Market Segmentation, 2019P and 2024F
14.2.1. By Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle), 2019P & 2024F
14.2.2. By Banks and Non Banks (Auto Loan and Motorcycle Loan), 2019P & 2024F
By Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2019P & 2024F
By Non Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2019P & 2024F
14.2.3. By Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales, 2019P & 2024F

15. Analyst Recommendation

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List Of Figure

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, 2014-2024F
Table 2-2: Correlation Matrix of Philippines Auto Finance Market, 2014-2024F
Table 2-3: Regression Coefficients Output for Philippines Auto Finance Market, 2014-2024F
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, 1850-2019P
Table 4-1: Philippines Auto Finance Market Overview and Key Operating Parameters Including Market Overview, Market Genesis (1960-2019P), Key Operating Parameters for Auto Finance Market, Change in Auto Loan Over the Years, 2014-2019P
Table 5-1: Philippines Auto Finance Market Ecosystem Including Banks & Subsidiaries, Non-Banking Financial Institutions, Captive Finances and Auto Manufacturers, 2019P
Table 6-1: Value Chain Analysis of Philippines Auto Finance market Including Initiation Steps and Commission Sharing Process, 2019P
Table 6-2: Analysis of Major Companies and their Relationship with Passenger Car Dealerships and Nature of Business in Philippines Auto Finance Market, 2019P
Table 6-3: Analysis of 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, 2019P
Table 6-4: Value Chain Analysis for Philippines Auto Finance Market Including Customer Acquisition, Application Terms, Screening, Insurance, Credit Execution, Payment Method, and Collection Reminder Process, 2019P
Table 6-5: Philippines Auto Finance Market Company Profile of AutoDeal Including Overview, Key Features, Major New Car Dealer Partners, Major Used Car Dealer Partners, Website Performance Indicators, Total Revenues, KPIs, 2019P
Table 6-6: Number of Leads Generated by AutoDeal for Dealers for each Quarter in the Period 2015-2019P
Table 6-7: Philippines Auto Finance Market Company Profile of MoneyMax Including Overview, Key Features, Major Banks Associated, Website Performance Indicators, Total Revenues, Products Offered, 2019P
Table 6-8: Company Profile of Go Bear Including Overview, Key Features, Major Banks Covered and Website Performance Indicators, 2019P
Table 6-9: Vendor Selection Process in Philippines Auto Finance Market Including Interest Rates, Collaterals, Documentation and Others, 2019P
Table 6-10: Pain Points of Various Entities in Value Chain In Philippines Auto Finance Market, 2019P
Table 6-11: Recent Developments in Financing Space in Philippines Auto Finance Market, 2019P
Table 6-12: Philippines Auto Finance Market Financing Product Features Including Consumer Financing, Leasing and Factoring, 2019P
Table 6-13: Philippines Auto Finance Market Financing Types Including Secured Auto Loans, Unsecured Auto Loans, Direct Financing, Indirect Financing, In-house financing, Lease Buyout Loans, 2019P
Table 6-14: Interest Options Available for Brand New and Used Cars at EastWest Bank, 2019P
Table 7-1: Rationale and Description for Market Sizing Analysis in Philippines Auto Finance on the Basis of Auto Loan Disbursed, Auto Loans Outstanding, Number of Automobiles Financed, Growth Drivers, Penetration Rates, Major Associations, Key Business Strategies and Key Selection Parameters, 2014-2019P
Table 8-1: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of Volume in Units, 2014-2019P
Table 8-2: Penetration Rate of Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2014-2019P
Table 8-3: Average price of Different Type of Automobiles Financed in Philippines Auto Finance Market in PHP Thousand, 2014-2019P
Table 8-4: Average Financed value out of the Original Value of the Automobile for Different Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2014-2019P
Table 8-5: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in PHP Billion, 2014-2019P
Table 8-6: 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, 2014-2019P
Table 8-7: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks on the basis of Loan Outstanding in Percentage (%), 2014-2019P
Table 8-8: Philippines Auto Finance Market Segmentation by Type of Banking Institutions (Commercial/Universal Banks, Thrifty Banks) on the basis of Bank’s Proportion of Loan Outstanding in PHP Billion, 2014-2019P
Table 8-9: Philippines Auto Finance Market Segmentation by Nature of Vehicles (New and Used vehicles) on the basis of Loan Outstanding in PHP Billion, 2014-2019P
Table 8-10: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle (New and Used) on the basis on Loan facilitating institutions (Banks and Non Banks) in PHP Billion, 2018 & 2019P
Table 8-11: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Units, 2014-2019P
Table 8-12: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Year, 4 Year And More than 5 Years) on the Basis of Auto Loan Disbursement of New Vehicles (Passenger and Commercial Vehicles) in PHP Billions, 2019P
Table 8-13: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Years or more) on the Basis of Auto Loan Disbursement of Used vehicles in PHP Billions, 2019P
Table 8-14: Philippines Auto Finance Market Segmentation by Nature of Automobile on the basis of Disbursement in PHP billion, 2014-2019P
Table 8-15: Philippines Auto Finance Market Segmentation by Volumes of New Vehicles Registered Under Various Regions in Units, 2019P
Table 8-16: Philippines Auto Finance Market Segmentation by Volumes of New Vehicles Registered Under Various Regions in Percentage, 2019P
Table 9-1: Comparison of Tax Rates before and after the Introduction of TRAIN ACT in Philippines, 2019P
Table 10-1: Description of Major Acts & Laws 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, 2019P
Table 10-2: Major Requirements for operating as Financial Institutions in Philippines Auto Finance market, 2019P
Table 10-3: Description of Eligibility and Documentation Requirements for Automotive Financing in Philippines, 2019P
Table 10-4: Description of Eligibility and Documentation Requirements for Used Car Financing in Philippines Auto Finance Market, 2019P
Table 11-1: Market Share Analysis of Major OEM Brands in Philippines, Including their Market Share in 2019, Best Selling Car Models and New Launches, 2019P
Table 11-2: Market Share of Major OEM Brands in Philippines Auto Finance Market in Percentage, 2017 & 2018
Table 11-3: Financial Penetration of Major OEM Brands in Philippines Auto Finance Market, 2019P
Table 12-1: 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, 2019P
Table 12-2: Strength and Weakness Analysis of Major Banks and their Subsidiaries in Philippines Auto Finance Market, 2019P
Table 12-3: Total Auto Loan Outstanding of Major Banks in Philippines Auto Finance Market in PHP Billion, 2018 & 2019P
Table 12-4: Strength and Weakness Analysis of Major Non Banks in Philippines Auto Finance Market, 2019P
Table 12-5: Total Auto Loan Outstanding of Major Non Banks and Captives in Philippines Auto Finance Market in PHP Billion and Percentage, 2018 & 2019P
Table 13-1: MetroBank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-2: BDO Bank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-3: EastWest Bank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-4: Bank of Philippine Island Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-5: Rizal Commercial Banking Corporation Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-6: Maybank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-7: Company Profiles of Other Banks (China Bank, United Coconut Planters Bank, Security Bank Corporation, Union Bank, Robinsons Bank, The Philippine Bank of Communications & Sterling Bank of Philippines) in Philippines Auto Finance Market, 2019P
Table 13-8: Toyota Financial Services Philippines Corporation (TFSPH) Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2019P
Table 13-9: Radiowealth Finance Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Assets under Management and Recent Developments, 2019P
Table 13-10: Timeline of Radiowealth Finance Company, 1964-2019P
Table 13-11: Unistar Credit and Finance Corporation Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Finance Activity, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2019P
Table 13-12: Company Description of other NBFCs in the Philippine Auto Loan Industry Including Aeon Credit Service (Philippines) Inc, Asia Link Finance Corporation, Leauge one Finance and leasing Corporation, DBP Leasing Corporation, First United Finance and Leasing Corporation, 2019P
Table 14-1: Philippines Auto Finance Expected Market Size (Auto Loan Outstanding, Auto Loan Disbursed & Vehicles Financed) and CAGR, Expected Market Growth Trends, Key Catchment Areas and Others, 2019P-2024F
Table 14-2: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of sales in Units, 2014-2019P
Table 14-3: Penetration Rate of Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2019P & 2024F
Table 14-5: Average Financed value of the Automobile for Different Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2019P & 2024F
Table 14-6: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in PHP Billion, 2019P & 2024F
Table 14-7: 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 (%),2019P & 2024F
Table 14-8: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks on the basis of Loan Outstanding in Percentage (%),2019P & 2024F
Table 14-9: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Units, 2019P & 2024F
Table 15-1: Analyst Recommendation for a New Entrant and Existing Players in Philippines Auto Finance Market, 2019P


List Of Table

Figure 1-1: Philippines Auto Finance Market by Auto Loan Disbursed, Auto Loan Outstanding and Number of Vehicles Financed in PHP Billion and Units, 2019P
Figure 1-2: Philippines Auto Finance Market by Auto Loan Disbursed, Auto Loan Outstanding and Number of Vehicles Financed in PHP Billion and Units, 2019P (Cont.)
Figure 6-1: Philippines Auto Finance Market Operating Model Including OEMs, Cab Aggregators, Banks, Non-Bank Financial Institutions and Others, 2019P
Figure 7-1: Philippines Auto Finance Market Size on the Basis of Auto Loan Outstanding in PHP Billion, 2014-2019P
Figure 7-2: Philippines Auto Finance Market Size on the Basis of Auto Loan Disbursed in PHP Billion, 2014-2019P
Figure 7-3: Philippines Auto Finance Market Size on the Basis of Total Number of Vehicles Financed in Thousand and Growth Rate in Percentage (%), 2014-2019P
Figure 8-1: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of Volume in Percentage, 2014-2019P
Figure 8-2: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in Percentage, 2014-2019P
Figure 8-3: 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 (%), 2014-2019P
Figure 8-4: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by Non Banks on the basis of Loan Outstanding in Percentage (%), 2014-2019P
Figure 8-5: Philippines Auto Finance Market Segmentation by Type of Banking Institutions (Commercial/Universal Banks, Thrifty Banks) on the basis of Bank’s Proportion of Loan Outstanding in Percentage, 2014-2019P
Figure 8-6: Philippines Auto Finance Market Segmentation by Nature of Vehicles (New and Used vehicles) on the basis of Loan Outstanding in Percentage, 2018 & 2019P
Figure 8-7: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle (New) on the basis on loan facilitating institutions (Banks and Non Banks) in Percentage (%), 2018 & 2019P
Figure 8-8: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle (Used) on the basis of Loan Facilitating Institutions (Banks and Non Banks) in Percentage (%), 2018 & 2019P
Figure 8-9: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Percentage, 2014-2019P
Figure 8-10: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Year, 4 Year And More than 5 Years) on the Basis of Auto Loan Disbursement of New Vehicles (Passenger and Commercial Vehicles) in Percentage, 2019P
Figure 8-11: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Years or more) on the Basis of Auto Loan Disbursement of Used vehicles in Percentage, 2019P
Figure 9-1: Used Car Market in Philippines on the basis of Sales Volume in Units, 2014-2019P
Figure 9-2: Prime lending Interest Rate of Philippines, 2014-2019P
Figure 11-1: Market Share of Major Automobile Brands in Philippines Auto Finance Market on the basis of Volume of Sales, 2019P
Figure 11-2: Market Share of Major Automobile Brands in Philippines Auto Finance Market on the basis of Volume of Sales, 2018
Figure 11-3: Market Share of Major Automobile Brands in Philippines Auto Finance Market on the basis of Volume of Sales, 2019P
Figure 12-1: Total Auto Loan Outstanding of Major Banks in Philippines Auto Finance Market in Percentage, 2018
Figure 12-2: Total Auto Loan Outstanding of Major Banks in Philippines Auto Finance Market in Percentage, 2019P
Figure 12-3: Total Auto Loan Outstanding of Major Non Banks and Captives in Philippines Auto Finance Market in Percentage, 2018
Figure 12-4: Total Auto Loan Outstanding of Major Non Banks and Captives in Philippines Auto Finance Market in Percentage, 2019P
Figure 13-1: MetroBank Total Auto Loan Assets under management in PHP Billion, 2014-2019P
Figure 13-2: MetroBank Net Interest Income in PHP Billion, 2014-2019P
Figure 13-3: NPL Ratio of Metrobank as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-4: Asset yield of Metrobank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-5: CAR Ratio of MetroBank in Percentage, 2014-2019P
Figure 13-6: BDO Bank Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-8: NPL Ratio of BDO Bank as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-9: Asset yield of BDO Bank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-10: CAR Ratio of BDO Bank in Percentage, 2014-2019P
Figure 13-11: Eastwest Bank Total Auto Loan Assets under Management in PHP Billion, 2016-2019P
Figure 13-12: Eastwest Bank Net Interest Income in PHP Billion, 2014-2019P
Figure 13-13: Asset Yield of Eastwest Bank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-14: CAR Ratio of Eastwest Bank in Percentage, 2014-2019P
Figure 13-15: Bank of Philippine Island Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-16: Bank of Philippine Island Net Interest Income in PHP Billion, 2014-2019P
Figure 13-17: NPL Ratio of Bank of Philippine Island as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-18: Asset yield of Bank of Philippine Island on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-19: CAR Ratio of Bank of Philippine Island in Percentage, 2014-2019P
Figure 13-20: Rizal Commercial Banking Corporation Total Auto Loan Assets under management in PHP Billion, 2016-2019P
Figure 13-21: Rizal Commercial Banking Corporation Net Interest Income in PHP Billion, 2014-2019P
Figure 13-22: NPL Ratio of Rizal Commercial Banking Corporation as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-23: Asset yield of Rizal Commercial Banking Corporation on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-24: CAR Ratio of Rizal Commercial Banking Corporation in Percentage, 2014-2019P
Figure 13-25: Maybank Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-26: Maybank Net Interest Income in PHP Billion, 2014-2019P
Figure 13-27: Asset yield of Maybank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-28: CAR Ratio of Maybank Bank in Percentage, 2014-2019P
Figure 13-29: TFSPH Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-30: TFSPH Net Interest Income in PHP Billion, 2014-2019P
Figure 13-31: CAR Ratio of TFSPH in Percentage, 2017-2019P
Figure 13-32: Asset yield of TFSPH on Various Types of Loan Products in Percentage, 2014-2019P
Figure 14-1: Philippines Auto Finance Market Size on the Basis of Auto Loan Outstanding in PHP Billion, 2019P-2024F
Figure 14-2: Philippines Auto Finance Market Size on the Basis of Auto Loan Disbursed in PHP Billion, 2019P-2024F
Figure 14-3: Philippines Auto Finance Market Size on the Basis of Total Number of Vehicles Financed in Units and Growth Rate in Percentage (%), 2019P & 2024F
Figure 14-4: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of sales in Percentage, 2019P & 2024F
Figure 14-5: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in Percentage, 2019P & 2024F
Figure 14-6: 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 (%),2019P & 2024F
Figure 14-7: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks on the basis of Loan Outstanding in Percentage (%),2019P & 2024F
Figure 14-8: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Percentage, 2019P & 2024F

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Products and Companies

Products

Key Segments Covered:
By Type of Vehicle Financed
  • New Vehicles
  • Used Vehicles
  • Motorcycles
By Banks and Non Banks
  • Banks (Auto Loans and Motorcycle Loans)
  • Non Banks (Auto Loans and Motorcycle Loans)
By Type of Banking Institutions
  • Commercial and Universal Banks
  • Thrift Banks
By Nature of Vehicles
  • New Vehicles (Banks and Non Banks)
  • Used Vehicles (Banks and Non Banks)
By Type of Vehicle Sold
  • Passenger
  • Commercial
  • Motorcycles
By Tenure of Loans
  • New Vehicle (1 year, 2 Years, 3 Years, 4 years, 5 Years or More)
  • Used Vehicle (1 year, 2 Years, 3 Years or More)


Companies

  • Banks
    • MetroBank
    • BDO Bank
    • PS Bank
    • Eastwest Bank
    • The Philippine National Bank
    • Bank of the Philippine Islands
    • The Rizal Commercial Banking Corporation
    • Maybank Philippines
    • China Bank
    • United Coconut Planters Bank
    • Security Bank Corporation
    • Union Bank
    • Robinsons Bank
    • The Philippine Bank of Communications (PBCOM)
    • Land Bank of Philippines
    • Asia United Banking Corporation
    • Bank of Commerce
    • Development Bank of Philippines
    • Union Bank
    • UCPB Bank
    • Sterling Bank of Philippines
  • NBFCs
    • Radiowealth finance company (RFC)
    • Unistar Credit and Finance Corporation
    • Asia Link Finance Corporation Leauge
    • One Finance and leasing Corporation
    • DBP Leasing Corporation
    • First United Finance and Leasing Corporation
    • BPI Capital Corporation
    • Cebu International Finance Corporation
    • Orix Metro Leasing and Finance Corporation
    • Philippine Depository and Trust Corporation
    • LBP leasing and Financing Corporation
    • RCBC Leasing and Finance Corporation
  • Captives
    • Toyota Financial Services Philippines Limited
 

Analysts at Ken Research in their latest publication Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans believe that the market demand is likely to follow a growth trend in the near future due to a forthcoming increase in used cars sales and a shift towards newer models of mobility such as car sharing and leasing, which will in turn help the economy grow as well. The Report provides a comprehensive analysis of Philippines’ auto finance market including market evolution, market overview, market genesis, and 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 Some positive factors expected to impact the market are the influx of digitization based lending models (introduction of fin-tech products), the spread of customized loan products and a further rise in the penetration rate of banks and Non Bank finance. The market is anticipated to register a positive CAGR of 9.0% in terms of credit disbursed and 8.1% in terms of total loan outstanding during the forecasted period 2019P-2024F.

Philippines Auto Finance Market Overview and Size
Market Overview: The auto finance market has played an imperative role in the overall GDP (Constant Prices) contribution in the Philippine economy with a value contribution of more than 25% in terms of auto loan outstanding by the end of 2019 (Provisional). The Auto Finance Market in Philippines is fairly new and has not been able to penetrate the country. There is a lack of knowledge and awareness in the country which leads to the problem of people opting for cash purchases, in place of finance payments.

Major operations are conducted by two types of entities namely, Banks & Subsidiaries and Non Bank Financial Institutes. The only captive finance working in the country is Toyota Financial Services Philippines and other than that there is a lack of Captive finance institutions.

Philippines auto finance market size in terms of auto loan outstanding increased with a double digit CAGR during the same period. The growth factors include lowering lending rates, growth in new & used car sales, expanding household population and higher demand in the urban regions along with progressive technological advancements being mandated by the government and the adoption of digitalization by all major financial institutions in the country.

Two-wheelers market witnessed growth with the rise in motorcycle fueled by the huge demand by small industry workers and rural business. Constant prime lending rates, growing car sales and evolving used car market have been the major push factors.

Philippine Auto Finance Market Segmentation
By Type of Vehicles Financed: Market segmentation is done on the basis of sales of type of Vehicle financed. It was observed that out of total vehicle financed, new Automobiles capture highest share of the market in 2019P, while used Automobile capture of the overall financed vehicle, and motorcycle captured rest share in terms of units.

By Banks and Non Banks: Philippines Auto finance market is largelygoverned by Banks and banking segment of the market amounted to the overall market. Non banking sector amounted to remaining the market in terms of Auto loan outstanding.
  • By Banks on the basis of Auto Loans and Motorcycle Loans: In Philippines, it is witnessed that the banks majorly focus upon providing loans to the Automobile segment rather than motorcycle segment. Due to this, auto loan segment of the bank captured highest share of the market and Motorcycle loan amounted to rest of the overall market.
  • By Non Banks on the basis of Auto Loans and Motorcycle Loans: In Philippines, Non Banking segment do not have a lot of capital and deep pockets, hence they majorly focus on providing loans for Used Automobiles and for motorcycle, as they have lower average price..
By Type of Banking Institutions: There are majorly two types of Banking Institutions in Philippines; Commercial and Thrift banking systems. Commercial banks are big and govern largest share of the banking segment of the market and thrift banking system amounted to rest of the banks share in the market.

By Nature of Vehicle: The market has beendivided in terms of Used and New Vehicle. It is witnessed that in Philippines, majority of the market is governed by new vehicle and it amounted highest share of the overall market.

By Tenure of Loan: In Philippines Auto Finance Market, the Tenure of loan for New Vehicles is divided in 5 sections; 1 Year Loan period amounts to the lowest share on the basis of Auto Loan Disbursement for New Vehicle while remaining share is given to the 0-5 year or more tenure period amounts to the maximum share. For Used cars, the most favorable tenure is said to be for 3 years or more.

By Sales Registration: In Philippines, we witness thatNCR region, have the highest value of sales registration and approximately highest of the total vehicles are registered in this area.

Compeititive Landscape of Philippines Auto Finance Market
The overall competition nature has been fragmented owing to large size of other players in the market. The top 5 entities capture over 50% of the total auto loan outstanding in the banking sector in 2019P. Banks have been the dominant entity in 2019P. Although there are approximately ~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 & stable business structures. In 2019P, there were 6 major banks namely Metrobank, BDO Unibank, Eastwest Bank, Bank of Philippine Island, Rizal Corporation and Maybank.

The overall competition nature has been highly concentrated owing to major market share captured by 3 big players namely, Toyota Financial Services Philippines Corporation (TFSPH), Unistar Credit & Finance Corporation and Radio Wealth finance Company. Similar scenario has been observed for the year 2019P. The Largest player in this category is TFSPH.

Competing Parameters: These entities majorly compete on the basis of diversification of services; interest rates charged, expanded distribution network & regional presence and enhanced customer relationship. One of the chief competing parameter is digitalization that has completely changed the market along with major strategies used to attract customers & expand business including Cash Your Car and others.

Philippines Auto Finance Market Future Outlook
Future Growth Prospects: Philippines auto finance market is likely to witness a boom in terms of auto loan outstanding, credit disbursed and number of vehicles financed especially owing to fast pace developments on the technological front with the development of the Eastern Economic Corridor (EEC). Furthermore, the inclusion of many Japanese Auto makers is also supposed to act like a catalyst for the growth. This is expected to increase the number of total vehicles financed in the country. Customers would witness new schemes in the market focusing primarily on customers friendly outlook and enable customers to operate auto loans financial services from home, without any hassle. Moreover, rise in commercial activities engaging automobiles, such as 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 Vehicle Financed
  • New Vehicles
  • Used Vehicles
  • Motorcycles
By Banks and Non Banks
  • Banks (Auto Loans and Motorcycle Loans)
  • Non Banks (Auto Loans and Motorcycle Loans)
By Type of Banking Institutions
  • Commercial and Universal Banks
  • Thrift Banks
By Nature of Vehicles
  • New Vehicles (Banks and Non Banks)
  • Used Vehicles (Banks and Non Banks)
By Type of Vehicle Sold
  • Passenger
  • Commercial
  • Motorcycles
By Tenure of Loans
  • New Vehicle (1 year, 2 Years, 3 Years, 4 years, 5 Years or More)
  • Used Vehicle (1 year, 2 Years, 3 Years or More)
By Registration of Vehicles

Key Target Audience
  • Existing Auto Finance Companies
  • Banks
  • OEM Dealerships
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Auto mobile Associations
  • Auto mobile OEMs
Time Period Captured in the Report:
  • Historical Period: 2014-2019P
  • Forecast Period: 2019P-2024F
Key Companies Covered:
  • Banks
    • MetroBank
    • BDO Bank
    • PS Bank
    • Eastwest Bank
    • The Philippine National Bank
    • Bank of the Philippine Islands
    • The Rizal Commercial Banking Corporation
    • Maybank Philippines
    • China Bank
    • United Coconut Planters Bank
    • Security Bank Corporation
    • Union Bank
    • Robinsons Bank
    • The Philippine Bank of Communications (PBCOM)
    • Land Bank of Philippines
    • Asia United Banking Corporation
    • Bank of Commerce
    • Development Bank of Philippines
    • Union Bank
    • UCPB Bank
    • Sterling Bank of Philippines
  • NBFCs
    • Radiowealth finance company (RFC)
    • Unistar Credit and Finance Corporation
    • Asia Link Finance Corporation Leauge
    • One Finance and leasing Corporation
    • DBP Leasing Corporation
    • First United Finance and Leasing Corporation
    • BPI Capital Corporation
    • Cebu International Finance Corporation
    • Orix Metro Leasing and Finance Corporation
    • Philippine Depository and Trust Corporation
    • LBP leasing and Financing Corporation
    • RCBC Leasing and Finance Corporation
  • Captives
    • Toyota Financial Services Philippines Limited
 
Key Topics Covered in the Report
  • Philippines Auto Finance Market Overview and Genesis
  • Philippines Auto Finance Market Ecosystem, 2019P
  • Value Chain Analysis of Philippines Auto Finance Market, 2019P
  • Philippines Finance Market Value Chain Analysis
  • Philippines Auto Finance Market Size, 2013-2019P
  • Philippines Auto Finance Market Segmentation, 20113-2019P
  • 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, 2014-2019P
  • Ways to Finance Automotives in Philippines(Bank Finance or Multi Financing Companies, Personal Finance, Lease Financing)
  • Vendor Selection Process for Auto Finance Company in Philippines
  • Competitive Landscape containing Company & Product Profiles in the Philippines Auto Finance Market
  • Financial Penetration of various OEM Brands
  • Philippines Finance Market Future Outlook and Projections, 2019P-2024
  • Analyst Recommendations for the Philippines Auto Finance Market
READ MORE

Scope

1. Executive Summary
Market Size and overview
Market Segmentation
Competitive Analysis
Future Analysis and Projections

2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
General Approach – Market Sizing
Market Sizing – Philippines Auto Finance Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Final Conclusion

3. Philippines Auto Finance Market Evolution, 1850-2019P
Genesis of major Institutions, 1850-2019P
Changes in Sector Related Policies & their Effect on Philippines Auto Finance Market, 2011-2019F

4. Philippines Auto Finance Market Overview & Genesis, 2014-2019P

5. Philippines Auto Finance Market Eco-System, 2019P


6. Philippines Auto Finance Market Value Chain Analysis, 2019P

6.1. Online Aggregators
AutoDeal
MoneyMax
Go Bear
6.2. Analysis of Major Entities Involved, Pain Points, Business Strategies and Financing Options Available in Philippines Auto Finance Market, 2019P
Vendor Selection Process in Philippines Auto Finance Market
Major Pain Points of Various Entities In Philippines Auto Finance Market
Major Business Strategies, Company Positioning, Mergers and aquisitions & payment methods, 2019P
Ways To Finance a Car In Philippines Auto Finance Market (Bank Finance Or Multi Financing Companies, Personal Finance, Lease Financing), 2019P
Different Ways To Finance A Car In Philippines Auto Finance Market, 2019P
Prevailing Interest rates in Philippines auto FInance Market, 2019P

7. Philippines Auto Finance Market Size By Auto Loan Disbursed, Auto Loan Outstanding & Number Of Automobiles Financed, 2014-2019P
Auto Sales Slump in 2018

8. Philippines Auto Finance Market Segmentation, 2014-2019P
8.1. By Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle), 2014-2019P
8.2. By Banks and Non Banks (Auto Loan and Motorcycle Loan), 2014-2019P
By Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2014-2019P
By Non Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2014-2019P
8.3. By Type of Banking Institutions (Commercial/Universal Bank, Thrift Banks), 2014-2019P
8.4. By Nature of Vehicles (New and Used), 2014-2019P
By Nature of Vehicle (New Vehicle and used vehicle) on the basis of Loan Facilitating Institutions, 2018 & 2019P
8.5. By Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales, 2014-2019P
8.6. By Tenure of Loan for New Vehicle and Used Vehicle, 2014-2019P
By Tenure of Loan (1 Year, 2 year, 3 Year, 4 Year and more than 5 Years) on the basis of Auto Loan Disbursement of New Vehicles (Passenger and Commercial Vehicles), 2019P
By Tenure of Loan (1 Year, 2 year, 3year or More ) on the basis of Auto Loan Disbursement of Used Vehicles, 2019P
8.7. By Volumes of New Vehicle Registered under Various Regions, 2019P

9. Trends and Development in Philippines Auto Finance Market, 2019P
Growing Prominance of Captive Finance
Technological Integration and Customized Products
Growth of Used Car Market
Tax Reform for Acceleration and Inclusion (TRAIN) Act
Positively Inclining Interest rates

10. Government Regulations in Philippines Auto Finance Market, 2019P
10.1. Acts Governing Philippines Financial Institutions, 2019P
10.2. License Requirements to Operate as a Financial Institution in Philippines, 2019P
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. Analysis of OEM Dealers in Philippines Auto Finance Market, 2017-2019P

12. Competition Analysis in Philippines Auto Finance Market, 2019P
12.1. Market Share of Major Entities in Philippines Auto Finance Market, 2018 & 2019P
Market Share of Major Banks, 2018 & 2019P
Market Share of Major Non Banks in Philippines Auto Finance Market, 2018 & 2019P

13. Company Profiles of Major Players in Philippines Auto Finance Market, 2019P
Company Profiles of major Banks and Their Subsidiaries
13.1. MetroBank
13.2. BDO BANK
13.3. Eastwest Bank
13.4. Bank of Philippine Islands (BPI)
13.5. Rizal Commercial Banking Corporation (RCBC)
13.6. Maybank
13.7. Other Banks (China Bank, United Coconut Planters Bank, Security Bank Corporation, Union Bank, Robinsons Bank, The Philippine Bank of Communications & Sterling Bank of Philippines)
Company Profile of Major NBFCs in Philippines Auto Finance Market
13.8. Toyota Financial Services Philippines Corporation (TFSPH)
13.9. Radiowealth Finance
13.10. Unistar Credit and Finance Corporation
13.11. Other NBFCs in the industry (Aeon Credit Service (Philippines) inc, Asia Link Finance Corporation, Leauge one Finance and leasing Corporation, DBP Leasing Corporation, First United Finance and Leasing Corporation),

14. Philippines Auto Finance Market Future Outlook and Projections, 2019P-2024F
14.1. Philippine Auto Finance Market Size (Auto Loan Outstanding, Auto Loan Disbursed & Vehicles Financed), 2019P-2024F
14.2. Future Market Segmentation, 2019P and 2024F
14.2.1. By Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle), 2019P & 2024F
14.2.2. By Banks and Non Banks (Auto Loan and Motorcycle Loan), 2019P & 2024F
By Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2019P & 2024F
By Non Banks On the Basis of Loan Portfolio (Auto Loan, Motorcycle Loan), 2019P & 2024F
14.2.3. By Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales, 2019P & 2024F

15. Analyst Recommendation

Disclaimer
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List Of Figure

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, 2014-2024F
Table 2-2: Correlation Matrix of Philippines Auto Finance Market, 2014-2024F
Table 2-3: Regression Coefficients Output for Philippines Auto Finance Market, 2014-2024F
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, 1850-2019P
Table 4-1: Philippines Auto Finance Market Overview and Key Operating Parameters Including Market Overview, Market Genesis (1960-2019P), Key Operating Parameters for Auto Finance Market, Change in Auto Loan Over the Years, 2014-2019P
Table 5-1: Philippines Auto Finance Market Ecosystem Including Banks & Subsidiaries, Non-Banking Financial Institutions, Captive Finances and Auto Manufacturers, 2019P
Table 6-1: Value Chain Analysis of Philippines Auto Finance market Including Initiation Steps and Commission Sharing Process, 2019P
Table 6-2: Analysis of Major Companies and their Relationship with Passenger Car Dealerships and Nature of Business in Philippines Auto Finance Market, 2019P
Table 6-3: Analysis of 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, 2019P
Table 6-4: Value Chain Analysis for Philippines Auto Finance Market Including Customer Acquisition, Application Terms, Screening, Insurance, Credit Execution, Payment Method, and Collection Reminder Process, 2019P
Table 6-5: Philippines Auto Finance Market Company Profile of AutoDeal Including Overview, Key Features, Major New Car Dealer Partners, Major Used Car Dealer Partners, Website Performance Indicators, Total Revenues, KPIs, 2019P
Table 6-6: Number of Leads Generated by AutoDeal for Dealers for each Quarter in the Period 2015-2019P
Table 6-7: Philippines Auto Finance Market Company Profile of MoneyMax Including Overview, Key Features, Major Banks Associated, Website Performance Indicators, Total Revenues, Products Offered, 2019P
Table 6-8: Company Profile of Go Bear Including Overview, Key Features, Major Banks Covered and Website Performance Indicators, 2019P
Table 6-9: Vendor Selection Process in Philippines Auto Finance Market Including Interest Rates, Collaterals, Documentation and Others, 2019P
Table 6-10: Pain Points of Various Entities in Value Chain In Philippines Auto Finance Market, 2019P
Table 6-11: Recent Developments in Financing Space in Philippines Auto Finance Market, 2019P
Table 6-12: Philippines Auto Finance Market Financing Product Features Including Consumer Financing, Leasing and Factoring, 2019P
Table 6-13: Philippines Auto Finance Market Financing Types Including Secured Auto Loans, Unsecured Auto Loans, Direct Financing, Indirect Financing, In-house financing, Lease Buyout Loans, 2019P
Table 6-14: Interest Options Available for Brand New and Used Cars at EastWest Bank, 2019P
Table 7-1: Rationale and Description for Market Sizing Analysis in Philippines Auto Finance on the Basis of Auto Loan Disbursed, Auto Loans Outstanding, Number of Automobiles Financed, Growth Drivers, Penetration Rates, Major Associations, Key Business Strategies and Key Selection Parameters, 2014-2019P
Table 8-1: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of Volume in Units, 2014-2019P
Table 8-2: Penetration Rate of Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2014-2019P
Table 8-3: Average price of Different Type of Automobiles Financed in Philippines Auto Finance Market in PHP Thousand, 2014-2019P
Table 8-4: Average Financed value out of the Original Value of the Automobile for Different Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2014-2019P
Table 8-5: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in PHP Billion, 2014-2019P
Table 8-6: 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, 2014-2019P
Table 8-7: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks on the basis of Loan Outstanding in Percentage (%), 2014-2019P
Table 8-8: Philippines Auto Finance Market Segmentation by Type of Banking Institutions (Commercial/Universal Banks, Thrifty Banks) on the basis of Bank’s Proportion of Loan Outstanding in PHP Billion, 2014-2019P
Table 8-9: Philippines Auto Finance Market Segmentation by Nature of Vehicles (New and Used vehicles) on the basis of Loan Outstanding in PHP Billion, 2014-2019P
Table 8-10: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle (New and Used) on the basis on Loan facilitating institutions (Banks and Non Banks) in PHP Billion, 2018 & 2019P
Table 8-11: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Units, 2014-2019P
Table 8-12: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Year, 4 Year And More than 5 Years) on the Basis of Auto Loan Disbursement of New Vehicles (Passenger and Commercial Vehicles) in PHP Billions, 2019P
Table 8-13: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Years or more) on the Basis of Auto Loan Disbursement of Used vehicles in PHP Billions, 2019P
Table 8-14: Philippines Auto Finance Market Segmentation by Nature of Automobile on the basis of Disbursement in PHP billion, 2014-2019P
Table 8-15: Philippines Auto Finance Market Segmentation by Volumes of New Vehicles Registered Under Various Regions in Units, 2019P
Table 8-16: Philippines Auto Finance Market Segmentation by Volumes of New Vehicles Registered Under Various Regions in Percentage, 2019P
Table 9-1: Comparison of Tax Rates before and after the Introduction of TRAIN ACT in Philippines, 2019P
Table 10-1: Description of Major Acts & Laws 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, 2019P
Table 10-2: Major Requirements for operating as Financial Institutions in Philippines Auto Finance market, 2019P
Table 10-3: Description of Eligibility and Documentation Requirements for Automotive Financing in Philippines, 2019P
Table 10-4: Description of Eligibility and Documentation Requirements for Used Car Financing in Philippines Auto Finance Market, 2019P
Table 11-1: Market Share Analysis of Major OEM Brands in Philippines, Including their Market Share in 2019, Best Selling Car Models and New Launches, 2019P
Table 11-2: Market Share of Major OEM Brands in Philippines Auto Finance Market in Percentage, 2017 & 2018
Table 11-3: Financial Penetration of Major OEM Brands in Philippines Auto Finance Market, 2019P
Table 12-1: 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, 2019P
Table 12-2: Strength and Weakness Analysis of Major Banks and their Subsidiaries in Philippines Auto Finance Market, 2019P
Table 12-3: Total Auto Loan Outstanding of Major Banks in Philippines Auto Finance Market in PHP Billion, 2018 & 2019P
Table 12-4: Strength and Weakness Analysis of Major Non Banks in Philippines Auto Finance Market, 2019P
Table 12-5: Total Auto Loan Outstanding of Major Non Banks and Captives in Philippines Auto Finance Market in PHP Billion and Percentage, 2018 & 2019P
Table 13-1: MetroBank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-2: BDO Bank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-3: EastWest Bank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-4: Bank of Philippine Island Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-5: Rizal Commercial Banking Corporation Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-6: Maybank Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Interest Income, Capital Adequacy Ratio, Credit Ratings and Recent Developments, 2019P
Table 13-7: Company Profiles of Other Banks (China Bank, United Coconut Planters Bank, Security Bank Corporation, Union Bank, Robinsons Bank, The Philippine Bank of Communications & Sterling Bank of Philippines) in Philippines Auto Finance Market, 2019P
Table 13-8: Toyota Financial Services Philippines Corporation (TFSPH) Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2019P
Table 13-9: Radiowealth Finance Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Car Finance, Assets under Management and Recent Developments, 2019P
Table 13-10: Timeline of Radiowealth Finance Company, 1964-2019P
Table 13-11: Unistar Credit and Finance Corporation Company Profile Including Company Overview, Business Strategies, Products and Services, Number of Branches, Number of Employees, Finance Activity, Net Income, Capital Adequacy Ratio, Assets Under Management and Recent Developments, 2019P
Table 13-12: Company Description of other NBFCs in the Philippine Auto Loan Industry Including Aeon Credit Service (Philippines) Inc, Asia Link Finance Corporation, Leauge one Finance and leasing Corporation, DBP Leasing Corporation, First United Finance and Leasing Corporation, 2019P
Table 14-1: Philippines Auto Finance Expected Market Size (Auto Loan Outstanding, Auto Loan Disbursed & Vehicles Financed) and CAGR, Expected Market Growth Trends, Key Catchment Areas and Others, 2019P-2024F
Table 14-2: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of sales in Units, 2014-2019P
Table 14-3: Penetration Rate of Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2019P & 2024F
Table 14-5: Average Financed value of the Automobile for Different Type of Automobiles Financed in Philippines Auto Finance Market in Percentage, 2019P & 2024F
Table 14-6: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in PHP Billion, 2019P & 2024F
Table 14-7: 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 (%),2019P & 2024F
Table 14-8: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks on the basis of Loan Outstanding in Percentage (%),2019P & 2024F
Table 14-9: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Units, 2019P & 2024F
Table 15-1: Analyst Recommendation for a New Entrant and Existing Players in Philippines Auto Finance Market, 2019P


List Of Table

Figure 1-1: Philippines Auto Finance Market by Auto Loan Disbursed, Auto Loan Outstanding and Number of Vehicles Financed in PHP Billion and Units, 2019P
Figure 1-2: Philippines Auto Finance Market by Auto Loan Disbursed, Auto Loan Outstanding and Number of Vehicles Financed in PHP Billion and Units, 2019P (Cont.)
Figure 6-1: Philippines Auto Finance Market Operating Model Including OEMs, Cab Aggregators, Banks, Non-Bank Financial Institutions and Others, 2019P
Figure 7-1: Philippines Auto Finance Market Size on the Basis of Auto Loan Outstanding in PHP Billion, 2014-2019P
Figure 7-2: Philippines Auto Finance Market Size on the Basis of Auto Loan Disbursed in PHP Billion, 2014-2019P
Figure 7-3: Philippines Auto Finance Market Size on the Basis of Total Number of Vehicles Financed in Thousand and Growth Rate in Percentage (%), 2014-2019P
Figure 8-1: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of Volume in Percentage, 2014-2019P
Figure 8-2: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in Percentage, 2014-2019P
Figure 8-3: 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 (%), 2014-2019P
Figure 8-4: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by Non Banks on the basis of Loan Outstanding in Percentage (%), 2014-2019P
Figure 8-5: Philippines Auto Finance Market Segmentation by Type of Banking Institutions (Commercial/Universal Banks, Thrifty Banks) on the basis of Bank’s Proportion of Loan Outstanding in Percentage, 2014-2019P
Figure 8-6: Philippines Auto Finance Market Segmentation by Nature of Vehicles (New and Used vehicles) on the basis of Loan Outstanding in Percentage, 2018 & 2019P
Figure 8-7: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle (New) on the basis on loan facilitating institutions (Banks and Non Banks) in Percentage (%), 2018 & 2019P
Figure 8-8: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle (Used) on the basis of Loan Facilitating Institutions (Banks and Non Banks) in Percentage (%), 2018 & 2019P
Figure 8-9: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Percentage, 2014-2019P
Figure 8-10: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Year, 4 Year And More than 5 Years) on the Basis of Auto Loan Disbursement of New Vehicles (Passenger and Commercial Vehicles) in Percentage, 2019P
Figure 8-11: Philippines Auto Finance Market Segmentation By Tenure of Loan (1 Year, 2 Year, 3 Years or more) on the Basis of Auto Loan Disbursement of Used vehicles in Percentage, 2019P
Figure 9-1: Used Car Market in Philippines on the basis of Sales Volume in Units, 2014-2019P
Figure 9-2: Prime lending Interest Rate of Philippines, 2014-2019P
Figure 11-1: Market Share of Major Automobile Brands in Philippines Auto Finance Market on the basis of Volume of Sales, 2019P
Figure 11-2: Market Share of Major Automobile Brands in Philippines Auto Finance Market on the basis of Volume of Sales, 2018
Figure 11-3: Market Share of Major Automobile Brands in Philippines Auto Finance Market on the basis of Volume of Sales, 2019P
Figure 12-1: Total Auto Loan Outstanding of Major Banks in Philippines Auto Finance Market in Percentage, 2018
Figure 12-2: Total Auto Loan Outstanding of Major Banks in Philippines Auto Finance Market in Percentage, 2019P
Figure 12-3: Total Auto Loan Outstanding of Major Non Banks and Captives in Philippines Auto Finance Market in Percentage, 2018
Figure 12-4: Total Auto Loan Outstanding of Major Non Banks and Captives in Philippines Auto Finance Market in Percentage, 2019P
Figure 13-1: MetroBank Total Auto Loan Assets under management in PHP Billion, 2014-2019P
Figure 13-2: MetroBank Net Interest Income in PHP Billion, 2014-2019P
Figure 13-3: NPL Ratio of Metrobank as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-4: Asset yield of Metrobank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-5: CAR Ratio of MetroBank in Percentage, 2014-2019P
Figure 13-6: BDO Bank Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-8: NPL Ratio of BDO Bank as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-9: Asset yield of BDO Bank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-10: CAR Ratio of BDO Bank in Percentage, 2014-2019P
Figure 13-11: Eastwest Bank Total Auto Loan Assets under Management in PHP Billion, 2016-2019P
Figure 13-12: Eastwest Bank Net Interest Income in PHP Billion, 2014-2019P
Figure 13-13: Asset Yield of Eastwest Bank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-14: CAR Ratio of Eastwest Bank in Percentage, 2014-2019P
Figure 13-15: Bank of Philippine Island Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-16: Bank of Philippine Island Net Interest Income in PHP Billion, 2014-2019P
Figure 13-17: NPL Ratio of Bank of Philippine Island as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-18: Asset yield of Bank of Philippine Island on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-19: CAR Ratio of Bank of Philippine Island in Percentage, 2014-2019P
Figure 13-20: Rizal Commercial Banking Corporation Total Auto Loan Assets under management in PHP Billion, 2016-2019P
Figure 13-21: Rizal Commercial Banking Corporation Net Interest Income in PHP Billion, 2014-2019P
Figure 13-22: NPL Ratio of Rizal Commercial Banking Corporation as a Percentage of Total Loans in Percentage, 2014-2019P
Figure 13-23: Asset yield of Rizal Commercial Banking Corporation on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-24: CAR Ratio of Rizal Commercial Banking Corporation in Percentage, 2014-2019P
Figure 13-25: Maybank Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-26: Maybank Net Interest Income in PHP Billion, 2014-2019P
Figure 13-27: Asset yield of Maybank on Various Types of Loan Products in Percentage, 2014-2019P
Figure 13-28: CAR Ratio of Maybank Bank in Percentage, 2014-2019P
Figure 13-29: TFSPH Total Auto Loan Assets under Management in PHP Billion, 2014-2019P
Figure 13-30: TFSPH Net Interest Income in PHP Billion, 2014-2019P
Figure 13-31: CAR Ratio of TFSPH in Percentage, 2017-2019P
Figure 13-32: Asset yield of TFSPH on Various Types of Loan Products in Percentage, 2014-2019P
Figure 14-1: Philippines Auto Finance Market Size on the Basis of Auto Loan Outstanding in PHP Billion, 2019P-2024F
Figure 14-2: Philippines Auto Finance Market Size on the Basis of Auto Loan Disbursed in PHP Billion, 2019P-2024F
Figure 14-3: Philippines Auto Finance Market Size on the Basis of Total Number of Vehicles Financed in Units and Growth Rate in Percentage (%), 2019P & 2024F
Figure 14-4: Philippines Auto Finance Market Segmentation by Type of Vehicles Financed (New Automobile Vehicles, used Automobile Vehicles, Motorcycle) on the basis of sales in Percentage, 2019P & 2024F
Figure 14-5: Philippines Auto Finance Market Segmentation by Banks and Non Banks on the Basis of Loan Outstanding in Percentage, 2019P & 2024F
Figure 14-6: 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 (%),2019P & 2024F
Figure 14-7: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Loan Provided (Auto Loan Portfolio and Motor Cycle Loan Portfolio) by the Non Banks on the basis of Loan Outstanding in Percentage (%),2019P & 2024F
Figure 14-8: Philippines Auto Finance Market Segmentation by Type of Motor Vehicle Sold (Passenger, Commercial and Motorcycle) on the basis of Sales in Percentage, 2019P & 2024F

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Products

Key Segments Covered:
By Type of Vehicle Financed
  • New Vehicles
  • Used Vehicles
  • Motorcycles
By Banks and Non Banks
  • Banks (Auto Loans and Motorcycle Loans)
  • Non Banks (Auto Loans and Motorcycle Loans)
By Type of Banking Institutions
  • Commercial and Universal Banks
  • Thrift Banks
By Nature of Vehicles
  • New Vehicles (Banks and Non Banks)
  • Used Vehicles (Banks and Non Banks)
By Type of Vehicle Sold
  • Passenger
  • Commercial
  • Motorcycles
By Tenure of Loans
  • New Vehicle (1 year, 2 Years, 3 Years, 4 years, 5 Years or More)
  • Used Vehicle (1 year, 2 Years, 3 Years or More)


Companies

  • Banks
    • MetroBank
    • BDO Bank
    • PS Bank
    • Eastwest Bank
    • The Philippine National Bank
    • Bank of the Philippine Islands
    • The Rizal Commercial Banking Corporation
    • Maybank Philippines
    • China Bank
    • United Coconut Planters Bank
    • Security Bank Corporation
    • Union Bank
    • Robinsons Bank
    • The Philippine Bank of Communications (PBCOM)
    • Land Bank of Philippines
    • Asia United Banking Corporation
    • Bank of Commerce
    • Development Bank of Philippines
    • Union Bank
    • UCPB Bank
    • Sterling Bank of Philippines
  • NBFCs
    • Radiowealth finance company (RFC)
    • Unistar Credit and Finance Corporation
    • Asia Link Finance Corporation Leauge
    • One Finance and leasing Corporation
    • DBP Leasing Corporation
    • First United Finance and Leasing Corporation
    • BPI Capital Corporation
    • Cebu International Finance Corporation
    • Orix Metro Leasing and Finance Corporation
    • Philippine Depository and Trust Corporation
    • LBP leasing and Financing Corporation
    • RCBC Leasing and Finance Corporation
  • Captives
    • Toyota Financial Services Philippines Limited