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Saudi Arabia Car Finance Market Outlook to 2021 - Rising Used Car Demand and Increasing Focus of Banks on Consumer Finance to Stabilize the Market Growth

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The report titled "Saudi Arabia Car Finance Market Outlook to 2021 - Rising Used Car Demand and Increasing Focus of Banks on Consumer Finance to Stabilize Growth" which provides an extensive analysis of car finance market in Saudi Arabia. The report covers market size on the basis of credit disbursed, number of cars financed and new and used car penetration, segmentation on the basis of new and used car finance, tenure of loan for new car and used car and number of new cars financed in each region. The report also includes the rules and regulations implied by the government on the banks in lending a car loan, competitive landscape and company profiles for major players in the car finance market. The report provides detailed overview on the general features of car loan in the country and future outlook & projections with future strategies of the players in the market.
The report facilitate the readers with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for prospective borrowers, car dealers, banks, private financing companies and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.

Industry Overview
The market has displayed a steady growth trend until 2015 during the review period, 2011-2016 at a CAGR of ~%. In 2016, there had been a fall in the credit disbursed for passenger and commercial cars as a result of the falling demand for new cars in the country. The growth exhibited by the market during the initial five years of the review period was supported by factors such as increasing demand for new and used cars, growing car rental industry, increased demand for commercial cars and other related factors. Fall in the credit disbursement observed during 2016 was resulted out of the increased new car prices, reduced supply of used cars, rising fuel prices and certain macro economic factors.

Saudi Arabia Car Finance Market Segmentation
Saudi Arabia car finance market is segmented by new and used car finance, by tenure of loan for new and used car, by finance source and by region.
On the basis of credit disbursed the new car dominates the market with a share of ~% in 2016 followed by used cars. For new cars, the tenure of five years dominates the car finance market with a share of ~% on the basis of credit disbursed in 2016. It is followed by three years, two years and other tenures.
For used cars, the tenure of one year accounted for the highest share in the market during 2016 on the basis of credit disbursed which was ~%. It is followed by two year and three year tenures.
Banks dominate over the private financing companies in the market with a share of ~% in terms of credit disbursed.
Riyadh holds the highest share among all other regions of Saudi Arabia in terms of number of new cars financed. It held a share of ~% during 2016. Jeddah holds the second position in the market followed by Dammam, Makkah and others.

Competitive Landscape
In Saudi Arabia, car finance is offered to the public by banks and private finance companies and the market is dominated by banks. The banks held a share of ~% in the market in terms of credit disbursed for car finance followed by private finance company with a share of ~% during 2016. There are nearly 26 banks with more than 2,000 branches and more than 10 recognized private finance companies spread across the Kingdom. All these players are competing against each other on the basis of profit rates, loan tenure, minimum salary requirement, down payment and other such parameters. The major players in the market are Al Rajhi Bank, National Commercial Bank, Riyad Bank, Al Amthal Finance Company and others. There is a stiff competition in the market and it is a moderately fragmented market.

Saudi Arabia Car Finance Market Future Potential
The car finance market in Saudi Arabia is expected to recover from the fall experienced towards the end of the review period and grow at a CAGR of ~% during the forecast period 2016-2021. The growth is expected to emerge on the grounds of new schemes and loan programs being introduced by the banks with minimal terms and conditions. However, the growth rate expected to display during this period is moderate, which is anticipated to fluctuate depending on the Kingdom’s economic and political circumstances. Owing to the lowering prices for used cars the demand for used cars is expected to rise, thereby raising the demand for used car finance. The Saudi Arabian Monetary Authority’s reform of lowering interest rates to enhance liquidity is expected to positively impact the growth in the market.

Key Topics Covered in the Report:

  • Saudi Arabia Car Finance Market Overview and Genesis
  • Value Chain Analysis of Saudi Arabia Car Finance Market
  • Saudi Arabia Car Finance Market Size
  • Saudi Arabia Car Finance Market Segmentation
  • Government Regulations on Saudi Arabia Car Finance Market
  • Trends and Issues in Saudi Arabia Car Finance Market
  • Product Features of Car Loans by Banks in Saudi Arabia Car Finance Market
  • Competitive Landscape of Major Players in Saudi Arabia Car Finance Market
  • Future Outlook and Projections of Saudi Arabia Car Finance Market
  • Macroeconomic Factors affecting Saudi Arabia Car Finance Market
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Table Of Content

Scope

1. Executive Summary
Market Potential
Market Segmentation
Trends and Issues
Competitive Landscape
Future Analysis and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach - Market Sizing
Market Sizing - Saudi Arabia Car Finance Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
3. Saudi Arabia Car Finance Market - Genesis and Overview
Overview - Automotive Sector and Car Finance Market
Islamic Financing
Lease Financing
4. Value Chain Analysis in Saudi Arabia Car Finance Market
Initial Process
Banks and Private Finance Companies
Loan Disbursement
5. Saudi Arabia Car Finance Market Size, 2011-2016
5.1. By Credit Disbursed, 2011-2016
5.2. By Number of New Cars Financed, 2011-2016
5.3. By Car Finance Penetration, 2011-2016
6. Saudi Arabia Car Finance Market Segmentation
6.1. By New Car and Used Car Finance, 2011-2016
6.2. By Tenure of Loan - New Car, 2016
6.3. By Tenure of Loan - Used Car, 2016
6.4. By Finance Source - New Car Finance, 2016
6.5. By Region, 2016
Riyadh
Jeddah
Dammam
Others
7. Government Regulations in Saudi Arabia Car Finance Market
8. Ways to Finance a Car in Saudi Arabia
8.1. Car Financing
Car Mortgaged to the Bank
Salary Transfer
8.2. Buying a Car through Personal Finance
Car not mortgaged to the Bank
Salary Transfer
8.3. Lease Finance
9. Trends and Issues in Saudi Arabia Car Finance Market
Falling Prices of Used Cars
Falling New Car Sales
Slump in Crude Oil Prices
Rising Unemployment Rates
Rising Fuel Prices
10. Product Features in the Saudi Arabia Car Finance
10.1. Al Rajhi Bank
Al Rajhi Car Installments
Al Rajhi Bank Car Lease Finance with Salary Transfer
Al Rajhi Bank Car Lease Finance without Salary Transfer
10.2. National Commercial Bank
NCB Lease Finance
10.3. Alinma Bank
Alinma Bank Car Finance
10.4. Riyad Bank
Riyad Bank Car Lease Finance
10.5. Arab National Bank
Arab National Bank Car Lease Finance
10.6. The Saudi Investment Bank (SAIB)
Car Murabaha Finance
10.7. Morabaha Marina Financing Company
Car Finance (Morabaha) and Car Lease Finance (Ijarah)
10.8. Saudi Finance Company
Car Finance (Morabaha) and Car Lease Finance (Ijarah)
10.9. Al Amthal Financing Company
10.10. Al Yusr Leasing and Financing Company
Car Lease and Installment Finance
11. Competitive Landscape
11.1. Competition Scenario in Saudi Arabia Car Finance Market
11.2. Major Banks and Auto Finance Companies in Saudi Arabia
11.2.1. Al Rajhi Bank
11.2.2. National Commercial Bank
11.2.3. Alinma Bank
11.2.4. Riyad Bank
11.2.5. Arab National Bank
11.2.6. The Saudi Investment Bank
11.2.7. Morabaha Marina Finance Company
11.2.8. Saudi Finance Company
11.2.9. Al Amthal Financing Company
11.2.10. Al Yusr Leasing and Financing Company
12. Future Outlook and Projections for Saudi Arabia Car Finance Market, 2017-2021
13. Analyst Recommendations
14. Macroeconomic Factors affecting Saudi Arabia Car Finance Market
14.1. New Car Sales in Saudi Arabia, 2011-2021
14.2. Consumer Loans for Vehicle and Private Transport Means in Saudi Arabia, 2011-2021
14.3. Urban Population in Saudi Arabia, 2011-2021
14.4. Gasoline Prices in Saudi Arabia, 2011-2021
Disclaimer
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List Of Figure

Figure 4-1: Value Chain Analysis of Saudi Arabia Car Finance Market
Figure 5-1: Saudi Arabia Car Finance Market by Credit Disbursed for Car Finance in USD Million, 2011-2016
Figure 5-2: Saudi Arabia Car Finance Market Size on the Basis of Number of New Cars Financed in Units, 2011-2016
Figure 5-3: Saudi Arabia Car Finance Market Size by Car Finance Penetration in Percentage (%), 2011-2016
Figure 5-4: Average Ticket Size for New Car Finance in Saudi Arabia in SAR, 2011-2016
Figure 6-1: Saudi Arabia Car Finance Market Segmentation by New Car and Used Car Finance on the basis of Credit Disbursed in Percentage (%), 2011-2016
Figure 6-2: Saudi Arabia Car Finance Market Segmentation by Loan Tenure - New Car on the basis of Number of New Cars Financed in Percentage (%), 2016
Figure 6-3: Saudi Arabia Car Finance Market Segmentation by Loan Tenure - Used Car on the Basis of Number of Used Cars Financed in Percentage (%), 2016
Figure 6-4: Saudi Arabia Car Finance Market Segmentation by Finance Source - New Car Finance on the basis of Credit Disbursed in Percentage (%), 2016
Figure 6-5: Saudi Arabia Car Finance Market Segmentation by Region on basis of Number of New Cars Financed in Percentage (%), 2016
Figure 9-1: Passenger Car Sales in Saudi Arabia in Units, 2015-2016
Figure 9-2: Average Crude Oil Prices in Saudi Arabia in USD per Barrel, 2013-2016
Figure 9-3: Youth (15-24 years) Unemployment Rate in Saudi Arabia in Percentage, 2011-2016
Figure 9-4: Fuel Prices per Litre in Saudi Arabia in USD, 2014-2016
Figure 12-1: Future Outlook and Projections for Saudi Arabia Car Finance Market on the Basis of Credit Disbursed for Car Finance in USD Million, 2017-2021
Figure 14-1: New Car Sales in Saudi Arabia in Units, 2011-2021
Figure 14-2: Consumer Loans for Vehicle and Private Transport Means in Saudi Arabia in USD Million, 2011-2021
Figure 14-3: Urban Population in Saudi Arabia in Million, 2011-2021
Figure 14-4: Gasoline Prices in Saudi Arabia (SAR/Barrel), 2011-2021 


List Of Table

Table 2-1: Correlation Matrix of Saudi Arabia Car Finance Market
Table 2-2: Regression Coefficients Output for Saudi Arabia Car Finance Market
Table 5-1: Rationale and Description for Saudi Arabia Car Finance Market Size on the Basis of Credit Disbursed, 2011-2016
Table 5-2: Rationale and Description for Saudi Arabia Car Finance Market Size by Number of New Cars Financed, 2011-2016
Table 5-3: Rationale and Description for Saudi Arabia Car Finance Market Size by Car Finance Penetration, 2011-2016
Table 6-1: Saudi Arabia Car Finance Market Segmentation by New Car and Used Car Finance on the basis of Credit Disbursed in USD Million, 2011-2016
Table 6-2: Saudi Arabia Car Finance Market Segmentation by Loan Tenure - New Car on the Basis of Number of New Cars Financed, 2016
Table 6-3: Saudi Arabia Car Finance Market Segmentation by Loan Tenure - Used Car on the Basis of Number of Used Cars Financed, 2016
Table 6-4: Saudi Arabia Car Finance Market Segmentation by Finance Source - New Car Finance on the Basis of Credit Disbursed in USD Million, 2016
Table 6-5: Number of Bank Branches in Saudi Arabia by Region, 2015
Table 7-1: Terms and Conditions for Car Loan in Saudi Arabia, 2014
Table 7-2: General Requirements and Obligations of Creditors and Borrowers, 2014
Table 7-3: Rules for the Calculation of Annual Percentage Rate (APR), 2014
Table 9-1: Major Trends in the Saudi Arabia Car Finance Market
Table 10-1: Features of Al Rajhi Bank Car installments including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-2: Features of Al Rajhi Bank Car Lease Finance with Salary Transfer including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-3: Features of Al Rajhi Bank Car Lease Finance without Salary Transfer including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-4: Features of National Commercial Bank Lease Finance including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-5: Features of Alinma Bank Car Finance including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-6: Features of Riyad Bank Car Lease Finance including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-7: Fees Associated with of Riyad Bank Car Lease Finance
Table 10-8: Features of Arab National Bank Car Lease Finance including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-9: Features of The Saudi Investment Bank Car Murabaha Finance including Product Overview, Eligible Age, Minimum Salary Requirement, Minimum and Maximum Loan Amount, Down Payment and Other Parameters
Table 10-10: Features of Morabaha Marina Car Finance (Morabaha) and Car Lease Finance (Ijarah) including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-11: Features of Saudi Finance Company Car Finance (Morabaha) and Car Lease Finance (Ijarah) including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-12: Features of Al Amthal Financing Company Car Finance including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 10-13: Features of Al Yusr Leasing and Financing Company Car Lease and Installment Finance including Product Overview, Eligible Age, Profit Rate, Minimum Salary Requirement, Maximum Loan Amount, Down Payment and Other Parameters
Table 11-1: Comparison of Car Finance from Banks and Private Finance Companies
Table 11-2: Competitive Landscape for Al Rajhi Bank including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-3: Number of Bank Branches by Region, 2016
Table 11-4: Competitive Landscape for National Commercial Bank including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-5: Competitive Landscape for Alinma Bank including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-6: Number of Bank Branches by Region, 2015
Table 11-8: Number of Bank Branches by Region, 2016
Table 11-9: Competitive Landscape for Arab National Bank including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-10: Competitive Landscape for The Saudi Investment Bank including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-11: Number of Bank Branches by Region, 2016
Table 11-12: Competitive Landscape for Morabaha Marina Finance Company including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-13: Competitive Landscape for Saudi Finance Company including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-14: Competitive Landscape for Al Amthal Financing Company including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 11-15: Competitive Landscape for Al Yusr Leasing and Financing Company including Company Overview, Products and Services, Number of Employees, Number of Branches and Other Parameters
Table 12-1: Strategic Analysis for Banks and Private Finance Companies in the Future 94
Table 12-2: Future Outlook for Saudi Arabia Car Finance Market on the Basis of Credit Disbursed for New Car Finance, 2017-2021
Table 13-1: Analyst Recommendations for Saudi Arabia Car Finance Market
Table 14-1: Rationale for New Car Sales in Saudi Arabia, 2011-2021
Table 14-2: Rationale for Consumer Loans for Vehicle and Private Transport Means in Saudi Arabia, 2011-2021
Table 14-3: Rationale for Urban Population in Saudi Arabia, 2011-2021
Table 14-4: Rationale for Gasoline Prices in Saudi Arabia, 2011-2021

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Products and Companies

Products

Vehicle Loan, Car Loan, New Car Credit, Credit Penetration, Number of Cars Financed, New and Used Car Term Loan, Credit Disbursed, Tenure, Interest Rate, Early Settlement Fees, Islamic Financing


Companies

Al Rajhi Bank, Riyad Bank, National Commercial Bank, Alinma Bank, Arab National Bank, Saudi Investment bank, Morabhaha Marina Financing Company, Saudi Financing Company, Al Amthal Financing Company, Al Yusr Leasing and Financing Company