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US Vehicle Finance Market Outlook to 2023 –By Banks and Non Bank Entities including Captives and Credit Unions and Finance Companies (Auto Loan Portfolio), By New and Used Vehicles, By Type of Vehicle Financed (Passenger Cars and Light Trucks), By Loan Time Period and By Risk Category

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The report titled "US Vehicle Finance Market Outlook to 2023 - By Banks and Non Bank Entities including Captives and Credit Unions and Finance Companies (Auto Loan Portfolio), By New and Used Vehicles, By Type of Vehicle Financed (Passenger Cars and Light Trucks), By Loan Time Period and By Risk Category" provides a comprehensive analysis of the US vehicle finance market including market evolution, market overview, market genesis, market size and market segmentations. Extensive focus has been placed in quantifying the credit disbursed and auto loans outstanding and number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, risk tier, type of vehicles, new and used vehicles and type of institutions), customer perspective in the market and snapshot on online lending ecosystem in the US. Competitive landscape of major lenders including Ally Financial, Bank of America, Capital One, Wells Fargo, Chase Auto Finance, Toyota Motor Credit, Ford Motor Credit, American Honda Finance Corporation, GM Financial, Nissan Motor Acceptance, Credit Acceptance Corporation, Santander Consumer USA and Pentagon Federal Credit Union. The report also covers future industry analysis (by credit disbursed and auto loan outstanding), future market segmentation, PESTEL Analysis, growth opportunities, up-coming business models, government regulations and analyst recommendations.

US Vehicle Finance Market Overview and Size
The Vehicle Finance Market in US witnessed a steady growth during the period 2013-2018, owing to an increase in new and used vehicle sales over the same period. The Market is reaching its Maturity Stage with Vehicle sales beginning to follow a normal growth trends after continued exponential growth over past couple of years. Trends in the market were largely stimulated by low interest rates in the economy as well as a rise in retail price of automotives in US. Some challenges faced during the period in the market were the rising loan default rates, instable vehicle sales and a pullback on loan issues lead by banks, in the latter half of the research period.
US Vehicle Finance Market Segmentation
By New and Used Vehicles: The Vehicle Finance Market in US is segmented into New and Used Vehicle finance with New Vehicle finance holding a majority share of the total Credit Disbursed in the market in 2018. The major drivers behind the growth include rising sales of new and used vehicles as well as the rising prices of retail models in the market.
By Lender Type: The primary lending institutions in the US Vehicle Finance market include Banks, Captive Finance Companies, Credit Unions and Private Finance Companies. Banks hold a majority share in the market owing to their reliable lending reputation and digital lending platforms. In Used Vehicle Finance, Banks have captured a major chunk of the market when measured by Auto Loans Outstanding. However when it comes to New Vehicle Finance, their dominance is second to Captives. Captives have huge dealership networks and their high penetration rates enable them to target a major chunk of the New Vehicle Finance Market.
By Type of Vehicle (Passenger Cars and Light Trucks): Light Trucks accounted for a major share in the number of vehicles financed in the market, while the share of passenger cars was lower than that of light trucks. This was due to the high level of sales registered by Light Trucks.
By Time Period of Loan (Less than 3 years, 3, 4, 5, 6 and more years) Between New and Used Vehicles: Vehicles are financed for different tenures in the market, with the share of loans lasting for 6 years the highest. The overall trend in the market is the lengthening of loan terms with car buyers preferring to make payments over a longer period of time to distribute their financial burden evenly over a longer period. Borrowers provide raised interest rates for longer period loans with lower monthly payments. The trend towards longer loan terms is evident both in New and Used Vehicle finance with borrowers opting for loan terms in excess of 5 years.
By Risk Category: Prime loans form a major chunk of the Vehicle Finance Market in US when measured by Auto Loans Outstanding holding a dominant market share. Prime loans dominate in both New Vehicle and Used Vehicle Finance. Nonprime and Subprime loans have shown a rising trend owing to the relaxing of credit requirements and underwriting standards over the period of 2013-2018 but these loans have also tarnished the credit portfolio of lenders, registering massive defaults and delinquency rates on these loans.
Compeititive Landscape in the US Vehicle Finance Market
The Competition in the market is extremely fragmented. The Major lending institution types in the market are Banks, Captives, Private Finance Companies and Credit Unions. Banks hold a majority share in the lending space for New Vehicles, and Captives dominate the Used Vehicle segment.
US Vehicle Finance Market Future Outlook and Projections
The US Vehicle Finance market is expected to be positive if there is continuous need for motor vehicle among population. Multiple fin-tech startups have also come up in the country’s financial sector which poses a threat to conventional finance companies and banks. These start ups have developed products to augment the digitalization of the banking sector. This includes digital payments, online lending, online aggregation and remote banking facilities which made customer lending process uncomplicated and simple further facilitating the car finance market in the country. Banks and Captives are expected to continue their leading position in the market due to their vast networks and range of products. In addition to that, the US Vehicle market is likely to witness a decline in auto sales which threatens the growth of number of loans issued in the future.

Key Segments Covered
By New and Used Vehicle
  • New Vehicle
  • Used Vehicle
By Type Vehicle
  • Passenger Cars
  • Light Trucks
By Lender Category
  • Banks
  • Captives and BHPH
  • Credit Unions
  • Private Finance Companies
By Risk Category between New and Used Vehicles
  • Super Prime
  • Prime
  • Non-prime
  • Sub-prime
  • Deep Sub-rime
By Loan Tenure between New and Pre-Owned Motor Vehicles
  • Less than 3 Years
  • Three Years
  • Four Years
  • Five Years
  • Six Years
  • Seven Years or more
Key Target Audience
  • Existing Auto Finance Companies
  • Banks
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Automobile Associations
  • Automobile OEMs
Time Period Captured in the Report:
  • Historical Period: 2013-2018
  • Forecast Period: 2018-2023
Key Companies Covered:
  • Banks
    • Ally Financial
    • Wells Fargo
    • Bank of America
    • Chase Auto Finance
    • Capital One
  • Captives, Credit Unions and Finance Companies
    • Toyota Motor Credit Corporation
    • Ford Motor Credit
    • Nissan Motor Acceptance Corporation
    • GM Financial
    • American Honda Motor Corporation
    • Credit Acceptance
    • Santander Consumer USA
    • Pentagon Federal Credit Union
Key Topics Covered in the Report
  • Executive Summary
  • Research Methodology
  • US Vehicle Finance Market Evolution
  • US Vehicle Finance Market Overview and Genesis
  • US Vehicle Finance Market Ecosystem, 2018
  • US Vehicle Finance Market Value Chain Analysis
  • US Vehicle Finance Market Size, 2013-2018
  • US Vehicle Finance Market Segmentation, 2013-2018
  • Major Trends and Development in US Vehicle Finance Market
  • Regulatory Framework in the US Vehicle Finance Market
  • Snapshot on Digitization of Vehicle Finance in US
  • Customer Perspective in US Vehicle Finance Market
  • Competitive Landscape containing Company and Product Profiles in the US Vehicle Finance Market
  • US Vehicle Finance Market Future Outlook and Projections, 2018-2023
  • Analyst Recommendations for the US Vehicle Finance Market
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Table Of Content

Scope

1. Executive Summary
Market Overview and Size
Market Segmentation
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 – US Vehicle finance market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion

3. Operating Model Analysis for US Vehicle Finance Market
3.1. Direct Lending
3.2. Indirect Lending

4. US Vehicle Finance Market Genesis And Overview
4.1. Market Overview, Genesis and Milestones
4.2. Competitive Timeline

5. US Vehicle Finance Market Competitive Ecosystem

6. US Vehicle Finance Market Size, 2013-2018


7. US Vehicle Finance Market Segmentation, 2013-2018

7.1. By New and Used Vehicle, 2013-2018
7.2. By Type of Vehicle, 2013-2018
7.3. By Finance Source (Banks, Captives, Credit Unions and Private Finance Companies), 2013-2018
7.4. By Risk Category, Super Prime, Prime, Nonprime, Subprime and Deep-Subprime 2015-2018
By Risk Category for New Vehicles, 2013-2018
By Risk Category for Used Vehicles, 2013-2018
7.5. By Loan Tenure – New and Used Vehicles, 2013-2018

8. Government Regulations in US Vehicle Finance Market
8.1. Vehicle Financing
8.2. Applicable Laws/ Regulations
8.3. Regulation by Government Bodies
8.4. Regulatory Costs for Dealers

9. Customer Perspective for US Vehicle Finance Market
9.1. Customer Journey Involved in US Vehicle Finance Market
9.2. Pain Points for the Consumer Involved in US Vehicle Financing Process
10. Business Environment Analysis In US Vehicle Finance Market
PESTEL Analysis

11. Snapshot on Digitization of Vehicle Finance
11.1. Operating Model Transition
Traditional Vehicle Finance Model
Digital vehicle Finance Model
11.2. Operating Models in Digital Lending Ecosystem
11.3. Online Auto Lending Market Ecosystem
11.4. Online Auto Lead Generation
11.5. Major Company Profiles of Auto Loan Aggregators and Marketplaces
LendingTree
DealerTrack
Finance Express
Credit Union Direct Lending
RouteOne
11.6. Major Company Profiles of Auto Lead generation Companies
BlueSky
CyberLead
Auto Credit Express

12. Trends and Developments in US Vehicle Finance Market
Simplifying the Auto loan Process
Technology Driven Lending
Longer Loan Terms
Vehicle Protection
Rising Vehicle Sales
Online Marketplace
Shift from Lending to Leasing
Lenders Widening Risk Portfolio

13. Issues And Challenges in US Vehicle Finance Market
Protectionism and Souring Trade Relations
Higher Delinquencies and Non-Performing Loans
Disruption by Electric Vehicles and Hybrids
Regulatory Pressure

14. Competitive Landscape in US Vehicle Finance Market
14.1. Competition Overview
14.2. Market Share of Major Players in US Auto Finance Market, 2018

15. Product Profile of Major Players in US Vehicle Finance Market
15.1. Banks
Bank Of America
Wells Fargo
Capital One
Chase Auto Finance
Ally Financial Services
15.2. Captives
Ford Motor Credit Company
Honda Financial Services
Nissan Motor Acceptance Corporation
GM Financial
15.3. Private Finance Companies
Credit Acceptance Corporation
15.4. Credit Unions
Pentagon Federal Credit union

16. Company Profiling of Major Players in US Vehicle Finance Market
16.1. Banks
Ally Financial Services
Company Financial Analysis, 2013-2018
Capital One
Company Financial Analysis, 2013-2018
Wells Fargo
Chase Auto Finance
Bank of America
16.2. Captives
Toyota Motor Credit Corporation
American Honda Finance Corporation
Ford Motor Credit Corporation
16.3. Private Finance Companies
Santander Consumer USA
Credit Acceptance Corporation
16.4. Other Players

17. US Vehicle Finance Market Future Outlook and Projections, 2019-2023
17.1. Future Market Size, 2019-2023
17.2. Future Market Segmentation, 2019-2023
By Type of Vehicle Financed, 2019-2023
By Finance Source, 2018-2023
By Loan Tenure
18. Analyst Recommendations
Disclaimer
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List Of Figure

Figure 1-1: Flow Chart for US Vehicle Finance Market, 2018
Figure 1-2: Flow Chart showing Future Outlook of US Vehicle Finance Market, 2023
Figure 3-1: US Vehicle Finance Market Operating Model Including Banks, Captives, Non-Bank Financial Institutions and Others, 2018
Figure 4-1: Industry Life Cycle including Introduction, Growth and Maturity Stage of the US Vehicle Finance Market
Figure 6-1: US Vehicle Finance Market Size by Loans Outstanding in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 6-2: US Vehicle Finance Market Size by Loans Disbursed in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 6-3: US Vehicle Finance Market Size by Number of New Vehicles Financed, showing New Vehicle Sales in thousand units, New Vehicles Financed in thousand units and Finance Penetration rate in Percentage (%)2013-2018
Figure 6-4: US Vehicle Finance Market Size by Number of Used Vehicles Financed, showing Used Vehicle Sales in thousand units, Used Vehicles Financed in thousand units and Finance Penetration rate in Percentage (%), 2013-2018
Figure 6-5: Average Loan Amount for New Vehicle Finance in USD and Growth Rate of in %, 2013-2018
Figure 6-6: Average Loan Amount for Used Vehicle Finance in USD and Growth Rate in %, 2013-2018
Figure 7-1: US Vehicle Finance Market Segmentation by Type of Vehicle on the Basis of Credit Disbursed in Percentage (%), 2013-2018
Figure 7-2: Market Segmentation of US Vehicle Finance Market on the basis of Type of Vehicle Financed in Percentage (%), 2018
Figure 7-3: US Vehicle Finance Market Segmentation by Finance Source (Banks, Captives Private Finance Companies and Credit Unions) on the Basis of Auto Loan Outstanding in Percentage (%), 2013-2018
Figure 7-4: US Vehicle Finance Market Segmentation by Finance Source for Banks, Captives, Private Finance Companies, Credit Unions and Finance Companies on the Basis of Auto Loan Outstanding in New Vehicle Finance in Percentage (%), 2013-2018
Figure 7-5: US Vehicle Finance Market Segmentation by Finance Source for Banks, BHPHs, Captives Private Finance Companies, Credit Unions and Finance Companies on the Basis of Auto Loan Outstanding in Used Vehicle Finance in Percentage (%), 2013-2018
Figure 7-6: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-Subprime) on the Basis of Auto Loan Outstanding in Percentage (%), 2015-2018
Figure 7-7: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-subprime) for New Vehicles on the Basis of Auto Loan Outstanding in Percentage (%), 2014-2018
Figure 7-8: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-subprime) for Used Vehicles on the Basis of Auto Loan Outstanding in Percentage (%), 2014-2018
Figure 7-9: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) on the Basis of Auto Loans Disbursed in Percentage (%), 2013-2018
Figure 7-10: US Vehicle Finance Market Segmentation by Loan Tenure (3 to 4 years, 4 to 5 years, 5 to 6 years, 6 to 7 years and 7 to 8 year) for New Vehicles on the Basis of Auto Loan Outstanding (%), 2016-2018
Figure 7-11: US Vehicle Finance Market Segmentation by Loan Tenure (3 to 4 years, 4 to 5 years, 5 to 6 years, 6 to 7 years and 7 to 8 years) for Used Vehicles on the Basis of Auto Loan Outstanding, 2016-2018
Figure 11-1: Transition from Traditional Vehicle Finance Model to Digital Vehicle Finance Model
Figure 11-2: Screenshot from Clearlane, the app-based lending platform of Ally Financial Services, showcasing multiple options to the borrower for availing finance
Figure 11-3: Types of Operating Models in Digital Lending Ecosystem
Figure 11-4: Cross Comparison of Business Models Operated by Major Companies in Digital Auto Lending Ecosystem
Figure 12-1: Investment in Fintech Ventures in US in USD billion and Growth rate in Percentage (%), 2013-2018
Figure 12-2: Average Loan Term for New and Used Vehicles in Years in US Vehicle Finance Market, 2013 and 2018
Figure 12-3: Sales of Light Vehicle in Million Units in US and Growth Rate in Percentage (%), 2013-2018
Figure 12-4: Total Leases Originated in US Vehicle Finance Market in USD Billion and Growth Rate in Percentage(%), 2013-2018
Figure 12-5: Lease Volume in Million Units in US Vehicle Finance Market and Growth Rate in %, 2013-2018
Figure 13-1: Average Car Loan balances 90+ days Delinquent in US Vehicle Finance Market in Percentage (%), 2013-2018
Figure 13-2: Plug in Vehicle Sales in US in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 14-1: Market Share of Major Players in US Vehicle Finance Market on the Basis of Loans Outstanding in Percentage (%), 2018
Figure 14-2: Strengths and Weaknesses of Major Banks in the US Vehicle Finance Market
Figure 14-3: Market Share of Major Banks among Bank Lenders in US Vehicle Finance Market, by Auto Loans Outstanding, in Percentage, 2018
Figure 14-4: Strengths and Weaknesses of Major Captive Lenders in the US Vehicle Finance Market
Figure 14-5: Market Share of Major Captives among Captive Lenders in US Vehicle Finance Market, by Auto Loans Outstanding, in Percentage, 2018
Figure 14-6: Strengths and Weaknesses of Major Private Finance Companies in the US Vehicle Finance Market
Figure 16-1: Financial Performance of Ally Financial Services on the basis of Volume of Vehicles Financed in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-2: Financial Performance of Ally Financial Services on the basis of Retail Auto Loan Outstanding in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-3: Financial Performance of Ally Financial Services on the basis of Retail Auto Loans disbursement in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-4: Nonperforming Auto loans of Ally Financial Services in USD Million, 2013-2018
Figure 16-5: Segmentation of Vehicles financed by Ally Financial Services by Volume of New, New Subvented and Used Vehicles Financed in Percentage (%), 2013-2018
Figure 16-6: Financial Performance of Ally Financial Services on the basis of Repossessed Auto Loan Assets in USD million and Growth Rate in Percentage (%), 2013-2018
Figure 16-7: Capital One Financial Corporation Retail Auto Loans held in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-8: Financial Performance of Wells Fargo on the Basis of Auto Loans Outstanding in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure16-9: Financial Performance of Wells Fargo on the basis of Auto Delinquent Loans in USD Million, 2013-2018 and Growth Rate in Percentage (%), 2013-2018
Figure 16-10: Financial Performance of Wells Fargo on the Basis of Auto Retail Loans Disbursement in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 16-11: Financial Performance of Chase Auto Finance on the basis of Retail Auto Loans held in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure16-12: Financial Performance of Chase Auto Finance on the basis of Delinquent loans 30 or more days past due in USD Million and Growth Rate in %, 2013-2018
Figure 16-13: Financial Performance of Chase Auto Finance on the basis of Retail Auto Auto Loans Disbursement in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 16-14: Financial Performance of Bank of America on the Basis of Auto Loan AUM in USD Billion and Growth Rate in Percentage (%), 2014-2018
Figure 16-15: Financial Performance of Toyota Motor Credit Corporation on the basis of Volume of vehicles financed in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-16: Financial Performance of Toyota Motor Credit Corporation on the basis of AUM in USD Billion and Growth Rate in Percentage (%), 2014-2018
Figure16-17: Financial Performance of Toyota Motor Credit Corporation on the basis of Balances for Accounts 60 days or more past due in Percentage (%), 2013-2018
Figure16-18: Toyota Motor Credit Corporation Market Share of Retail Loans of Total Domestic Sales of new Toyota and Lexus Vehicles in Percentage (%), 2013-2018
Figure 16-19: Toyota Motor Credit Corporation Retail Loans disbursement in USD million and Growth Rate in Percentage (%), 2013-2018
Figure 16-20: Toyota Motor Credit Corporation Number of Vehicle Repossessions expressed as a Percentage (%) of Total Loans Outstanding, 2014-2018
Figure 16-21: Honda Financial Services Volume of Vehicles Financed in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-22: Financial Performance of Honda Financial Services on the basis of AUM in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-23: Financial Performance of Honda Financial Services on the basis of Delinquency Ratio as a Percentage of Total Retail Loans (%), 2013-2018
Figure 16-24: Ford Motor Credit Company volume of vehicles financed in thousand units and Growth Rate in Percentage (%), 2013-2018
Figure 16-25: Financial Performance of Ford Motor Credit Company on the basis of Retail Loans held in USD million and Growth Rate in Percentage (%), 2013-2018
Figure16-26: Financial Performance of Ford Motor Credit Company on the basis of Delinquent loans 60 or more days past due expressed in %, 2013-2018
Figure16-27: Ford Motor Credit Company Number of Repossessions in thousand units and Growth Rate in % , 2013-2018
Figure 16-28: Financial Performance of Santander Consumer USA on the basis of Total Retail Loans under management in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-29: Santander Consumer USA Delinquency Ratio as a percentage of Total Retail Loans (%) and Growth Rate in %, 2013-2018
Figure 16-30: Financial Performance of Santander Consumer USA on the basis of Retail Loans Disbursement in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure16-31: Financial Performance of Santander Consumer USA on the basis of Repossessions of Auto Loan Contracts held in units, and Growth Rate in %, 2013-2018
Figure 16-32: Credit Acceptance Volume of Vehicles Financed in Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-33: Financial Performance of Credit Acceptance on the basis of AUM in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-34: Financial Performance of Credit Acceptance on the basis of Retail Loan disbursement in USD million and Growth Rate in Percentage (%), 2013-2018
Figure16-35: Credit Acceptance Repossessions Fees from Auto Loan Contracts held in USD million, 2013-2018 and Growth Rate in %
Figure 17-1: US Vehicle Finance Future Market Size by Auto Loans Disbursed in USD Billion and Growth Rate in %, 2019-2023
Figure 17-2: US Vehicle Finance Future Market Size by Auto Loans Outstanding in USD Billion and Growth Rate in %, 2019-2023
Figure 17-3: US Vehicle Finance Future Market Size by Total Light Vehicles Financed in Million Units and Growth Rate in %, 2019-2023
Figure 17-4: Forecasted Additions to Car Sharing Fleet in US in Units and Growth Rate in Percentage (%), 2015-2020
Figure 17-5: Light Vehicle Sales Forecast for US in Million Units and Growth Rate in Percentage (%), 2018-202
Figure 17-6: US Vehicle Finance Market Future Segmentation by Type of Vehicle on the Basis of Credit Disbursed in Percentage (%), 2018 and 2023
Figure 17-7: US Vehicle Finance Market Future Segmentation by Type of Vehicle on the Basis of Number of Vehicles Financed, 2018-2023
Figure 17-8: US Vehicle Finance Market Future Segmentation by Finance Source on the Basis of Loans Outstanding in Percentage (%), 2018 and 2023
Figure 17-9: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) for Vehicles on the Basis of Loan Disbursed in Percentage (%), 2018 and 2023


List Of Table

Table 2-1: US Vehicle Finance Market Definitions including Auto Loans, Banks, Captive Finance Companies, Credit Unions, Commercial Vehicles and Others, 2013-2023
Table 2-2: Abbreviations with their Full Forms, used in the Report
Table 2-3: Correlation Matrix of US Vehicle Finance Market, 2013-2023
Table 2-4: Regression Coefficients Output for US Vehicle Finance Market, 2013-2023
Table 3-1: Value Chain Analysis for US Vehicle Finance Market Entities-Banks, Captives and Non-Bank institutions and Customers Including Role, Number, Major Players, and Types of Customers, Payment Methods and others, 2018
Table 4-1: Market Genesis of US Vehicle Finance Market including Historical Overview, Growth Transition and Current Scenario; and Overview of the US Vehicle Finance Market consisting of Market Stage, Market Nature, Upcoming Institutions, Regional Presence and Types of Customers
Table 4-2: Year of Establishment of Major Competitive Entities in US Vehicle Finance Market
Table 5-1: Major Competitive Players in the US Vehicle Finance Market including Major Banks, Captive Finance Companies, Private Finance Companies and Credit Unions
Table 6-1: Market Sizing Analysis and Rationale of US Vehicle Finance Market on the basis of Loans Outstanding, Loans Disbursed and the Number of New and Used Vehicles Financed, Market Trends and Growth Drivers, 2013-2018
Table 7-1: US Vehicle Finance Market Segmentation by New and Used Vehicle Finance on the basis of Credit Disbursed (Loans and Leases) in USD billion, 2013-2018
Table 7-2: Cross Comparison of New and Used Vehicle Finance on the basis of Sale of vehicles, Average Loan Amount, Penetration Rate of finance and Major Lender Category in US Vehicle Finance Market, 2018
Table 7-3: US Vehicle Finance Market Segmentation by Type of Vehicle on the basis of Number of Vehicle Financed, 2018
Table 7-4: US Vehicle Finance Market Segmentation by Finance Source on the Basis of Auto Loan Outstanding (In USD Billion), 2013-2018
Table 7-5: Cross Comparison of Lender Types on the basis of Number of Entities, Major Players, Interest Rates offered and Major Vehicle Segment in US Vehicle Finance Market
Table 7-6: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-subprime) on the Basis of Auto Loan Outstanding in USD billion, 2015-2018
Table 7-7: Cross Comparison of Risk tiers in New Vehicle Finance on the basis of Average Loan Amount, Average Loan Term, Average Monthly payment and Average Loan Rate in US Vehicle Finance Market, 2018
Table 7-8: Cross Comparison of Risk tiers in Used Vehicle Finance on the basis of Average Loan Amount, Average Loan Term, Average Monthly payment and Average Loan Rate in US Vehicle Finance Market, 2018
Table 7-9: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) on the Basis of Auto Loan Disbursed in USD Billion, 2013-2018
Table 8-1: Scope of Distribution Channels used in the US Vehicle Finance Market as stated by CFPB (Consumer Financial Protection Bureau)
Table 8-2: Applicable Laws and Regulations in US Vehicle Finance Market
Table 8-3: Role of the CFPB in US Vehicle Finance Market
Table 8-4: Mean Dealership Annual Regulatory Compliance Cost in the US
Table 9-1: End to End Stages involving the Consumer’s Perspective in the Auto Loan process
Table 9-2: Customer Pain Points at Every Stage of US Vehicle financing Process, with Strategy Recommended
Table 10-1: PESTEL Analysis of US Vehicle Finance Market Including Political, Environmental, Social, Technological, Economic and Legal Segments
Table 11-1: Organization Ecosystem of Online Auto Lending in US Vehicle Finance Market
Table 11-2: Ecosystem of Companies and Websites providing Lead Generation Services for Auto Finance, in US Vehicle Finance Market
Table 11-3: Cross Comparison of Major Online Loan Aggregators on the basis of Loan Transactions, Subscription Fees, Lender Partners and Dealer Partners
Table 11-4: Company Profile of Lending Tree including Overview, Business Model, Tools Used, USP, Brands Used, Strategic Relationships and others
Table 11-5: Company Profile of DealerTrack including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-6: Company Profile of Finance Express including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-7: Company Profile of Credit Union Direct Lending including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-8: Company Profile of RouteOne including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-9: Company Profile of BlueSky in US Vehicle Finance Market including Overview, Key Features, Major Dealer Partners, Major Lender Partners, Website Visit Information, Total Revenues, KPIs, 2018
Table 11-10: Company Profile of CyberLead in US Vehicle Finance Market including Overview, Key Features, Major Dealer Partners, Major Lender Partners, Website Visit Information, Total Revenues, KPIs, 2018
Table 11-11: Company Profile of Auto Credit Express in US Vehicle Finance Market including Overview, Key Features, Major Dealer Partners, Major Lender Partners, Website Visit Information, Total Revenues, KPIs, 2018
Table 14-1: Competition Overview of US Vehicle Finance Market including Market Competitive Position, Entry Barriers, Major Players and Competition Drivers
Table 14-2: Market Share of Major Players in US Vehicle Finance Market on the basis of Loans Outstanding in USD Million, 2018
Table 14-3: Cross Comparison of Major Players in US Vehicle Finance Market on the basis of AUM, Loan Disbursement and Number of vehicles Financed in US Vehicle Finance Market, 2018
Table 14-4: Market Share of Major Banks in US Vehicle Finance Market on the Basis of Auto Loan Outstanding in USD Million, 2018
Table 14-5: Market Share of Major Captives in US Vehicle Finance Market on the basis of Auto Loan Outstanding in USD Million, 2018
Table 15 1: Product Features of Bank of America including Products Offered, Eligible Age, Interest Rates Offered, Minimum Salary Requirement, Maximum Loan Amount, Payment Modes offered and Other Parameters
Table 15 2: Product Features of Wells Fargo including Products Offered, Eligible Age, Interest Rates Offered, Minimum Salary Requirement, Maximum Loan Amount, Payment Modes offered and Other Parameters
Table 15 915 3: Product Features of Credit Acceptance Corporation including Products Offered, Eligible Age, Interest Rates Offered, Minimum Salary Requirement, Maximum Loan Amount, Payment Modes offered and Other Parameters
Table 16-1: Company Profile of Ally Financial Services including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-2: Ally Financial Key Financials including Quarterly Retail AUM, Commercial AUM and Loan Disbursement, 2017-2018
Table 16-3: Competitive Profile of Capital One including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-4: Capital One Key Financials including Quarterly Retail AUM and Loan Disbursement, 2017-2018
Table 16-5: Company Profile of Wells Fargo including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-6: Wells Fargo Financials including Key Financials including Quarterly Retail Auto Loan AUM, Commercial Auto Loan AUM and Auto Loan Disbursement, 2017-2018
Table 16-7: Company Profile of Chase Auto Finance including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-8: Chase Auto Finance Key Financials including Quarterly Retail Auto Loan AUM, Commercial Auto Loan AUM and Auto Loan Disbursement, 2017-2018
Table 16-9: Company Profile of Bank of America including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-10: Bank of America Key Financials including Quarterly Retail Auto Loan AUM, 2017-2018
Table 16-11: Company Profile of Toyota Motor Credit Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-12: Toyota Motor Credit Corporation Key Financials and KPIs, 2013-2018
Table 16-13: Company Profile of American Honda Finance Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-14: Honda Financial Services Key Financials, 2013-2018
Table 16-15: Company Profile of Ford Motor Credit Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-16: Ford Motor Credit Company Key Financials, 2016-2018
Table 16-17: Company Profile of Santander Consumer USA including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-18: Santander Consumer USA Key Financials, 2013-2018
Table 16-19: Company Profile of Credit Acceptance Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-20: Credit Acceptance Key Financials, 2013-2018
Table 16-21: Company Profiles of other Major Players in the US Vehicle Finance market including Nissan Motor Acceptance Corporation, GM Financial, TD Bank, PNC Bank, US Bank, Gateway One Lending and Huntington Bank
Table 17-1: US Vehicle Finance Expected Market Size and CAGR, Expected Market Growth Trends and Potential Market Headwinds and Challenges, 2019-2023
Table 17-2: Potential Market Headwinds, Challenges and Rationale for Slowdown in Growth of US Vehicle Finance Market, 2019-2023
Table 17-3: US Vehicle Finance Market Future Segmentation by Finance Source on the Basis of Loans Outstanding in USD Billion, 2018 and 2023
Table 17-4: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) for Vehicles on the Basis of Loan Disbursed in USD Billion, 2018 and 2023
Table 18-1: Analyst Recommendations for New Entrants in the US Vehicle Finance Market including Rationale and Implementation Techniques
Table 18-2 Analyst Recommendations for Existing Players in the US Vehicle Finance Market including Rationale and Implementation Techniques

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Products and Companies

Products

By New and Used Vehicle
  • New Vehicle
  • Used Vehicle
By Type Vehicle
  • Passenger Cars
  • Light Trucks
By Lender Category
  • Banks
  • Captives and BHPH
  • Credit Unions
  • Private Finance Companies
By Risk Category between New and Used Vehicles
  • Super Prime
  • Prime
  • Non-prime
  • Sub-prime
  • Deep Sub-rime
By Loan Tenure between New and Pre-Owned Motor Vehicles
  • Less than 3 Years
  • Three Years
  • Four Years
  • Five Years
  • Six Years
  • Seven Years or more


Companies

Key Companies Covered:
  • Banks
    • Ally Financial
    • Wells Fargo
    • Bank of America
    • Chase Auto Finance
    • Capital One
  • Captives, Credit Unions and Finance Companies
    • Toyota Motor Credit Corporation
    • Ford Motor Credit
    • Nissan Motor Acceptance Corporation
    • GM Financial
    • American Honda Motor Corporation
    • Credit Acceptance
    • Santander Consumer USA
    • Pentagon Federal Credit Union

The report titled "US Vehicle Finance Market Outlook to 2023 - By Banks and Non Bank Entities including Captives and Credit Unions and Finance Companies (Auto Loan Portfolio), By New and Used Vehicles, By Type of Vehicle Financed (Passenger Cars and Light Trucks), By Loan Time Period and By Risk Category" provides a comprehensive analysis of the US vehicle finance market including market evolution, market overview, market genesis, market size and market segmentations. Extensive focus has been placed in quantifying the credit disbursed and auto loans outstanding and number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, risk tier, type of vehicles, new and used vehicles and type of institutions), customer perspective in the market and snapshot on online lending ecosystem in the US. Competitive landscape of major lenders including Ally Financial, Bank of America, Capital One, Wells Fargo, Chase Auto Finance, Toyota Motor Credit, Ford Motor Credit, American Honda Finance Corporation, GM Financial, Nissan Motor Acceptance, Credit Acceptance Corporation, Santander Consumer USA and Pentagon Federal Credit Union. The report also covers future industry analysis (by credit disbursed and auto loan outstanding), future market segmentation, PESTEL Analysis, growth opportunities, up-coming business models, government regulations and analyst recommendations.

US Vehicle Finance Market Overview and Size
The Vehicle Finance Market in US witnessed a steady growth during the period 2013-2018, owing to an increase in new and used vehicle sales over the same period. The Market is reaching its Maturity Stage with Vehicle sales beginning to follow a normal growth trends after continued exponential growth over past couple of years. Trends in the market were largely stimulated by low interest rates in the economy as well as a rise in retail price of automotives in US. Some challenges faced during the period in the market were the rising loan default rates, instable vehicle sales and a pullback on loan issues lead by banks, in the latter half of the research period.
US Vehicle Finance Market Segmentation
By New and Used Vehicles: The Vehicle Finance Market in US is segmented into New and Used Vehicle finance with New Vehicle finance holding a majority share of the total Credit Disbursed in the market in 2018. The major drivers behind the growth include rising sales of new and used vehicles as well as the rising prices of retail models in the market.
By Lender Type: The primary lending institutions in the US Vehicle Finance market include Banks, Captive Finance Companies, Credit Unions and Private Finance Companies. Banks hold a majority share in the market owing to their reliable lending reputation and digital lending platforms. In Used Vehicle Finance, Banks have captured a major chunk of the market when measured by Auto Loans Outstanding. However when it comes to New Vehicle Finance, their dominance is second to Captives. Captives have huge dealership networks and their high penetration rates enable them to target a major chunk of the New Vehicle Finance Market.
By Type of Vehicle (Passenger Cars and Light Trucks): Light Trucks accounted for a major share in the number of vehicles financed in the market, while the share of passenger cars was lower than that of light trucks. This was due to the high level of sales registered by Light Trucks.
By Time Period of Loan (Less than 3 years, 3, 4, 5, 6 and more years) Between New and Used Vehicles: Vehicles are financed for different tenures in the market, with the share of loans lasting for 6 years the highest. The overall trend in the market is the lengthening of loan terms with car buyers preferring to make payments over a longer period of time to distribute their financial burden evenly over a longer period. Borrowers provide raised interest rates for longer period loans with lower monthly payments. The trend towards longer loan terms is evident both in New and Used Vehicle finance with borrowers opting for loan terms in excess of 5 years.
By Risk Category: Prime loans form a major chunk of the Vehicle Finance Market in US when measured by Auto Loans Outstanding holding a dominant market share. Prime loans dominate in both New Vehicle and Used Vehicle Finance. Nonprime and Subprime loans have shown a rising trend owing to the relaxing of credit requirements and underwriting standards over the period of 2013-2018 but these loans have also tarnished the credit portfolio of lenders, registering massive defaults and delinquency rates on these loans.
Compeititive Landscape in the US Vehicle Finance Market
The Competition in the market is extremely fragmented. The Major lending institution types in the market are Banks, Captives, Private Finance Companies and Credit Unions. Banks hold a majority share in the lending space for New Vehicles, and Captives dominate the Used Vehicle segment.
US Vehicle Finance Market Future Outlook and Projections
The US Vehicle Finance market is expected to be positive if there is continuous need for motor vehicle among population. Multiple fin-tech startups have also come up in the country’s financial sector which poses a threat to conventional finance companies and banks. These start ups have developed products to augment the digitalization of the banking sector. This includes digital payments, online lending, online aggregation and remote banking facilities which made customer lending process uncomplicated and simple further facilitating the car finance market in the country. Banks and Captives are expected to continue their leading position in the market due to their vast networks and range of products. In addition to that, the US Vehicle market is likely to witness a decline in auto sales which threatens the growth of number of loans issued in the future.

Key Segments Covered
By New and Used Vehicle
  • New Vehicle
  • Used Vehicle
By Type Vehicle
  • Passenger Cars
  • Light Trucks
By Lender Category
  • Banks
  • Captives and BHPH
  • Credit Unions
  • Private Finance Companies
By Risk Category between New and Used Vehicles
  • Super Prime
  • Prime
  • Non-prime
  • Sub-prime
  • Deep Sub-rime
By Loan Tenure between New and Pre-Owned Motor Vehicles
  • Less than 3 Years
  • Three Years
  • Four Years
  • Five Years
  • Six Years
  • Seven Years or more
Key Target Audience
  • Existing Auto Finance Companies
  • Banks
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Automobile Associations
  • Automobile OEMs
Time Period Captured in the Report:
  • Historical Period: 2013-2018
  • Forecast Period: 2018-2023
Key Companies Covered:
  • Banks
    • Ally Financial
    • Wells Fargo
    • Bank of America
    • Chase Auto Finance
    • Capital One
  • Captives, Credit Unions and Finance Companies
    • Toyota Motor Credit Corporation
    • Ford Motor Credit
    • Nissan Motor Acceptance Corporation
    • GM Financial
    • American Honda Motor Corporation
    • Credit Acceptance
    • Santander Consumer USA
    • Pentagon Federal Credit Union
Key Topics Covered in the Report
  • Executive Summary
  • Research Methodology
  • US Vehicle Finance Market Evolution
  • US Vehicle Finance Market Overview and Genesis
  • US Vehicle Finance Market Ecosystem, 2018
  • US Vehicle Finance Market Value Chain Analysis
  • US Vehicle Finance Market Size, 2013-2018
  • US Vehicle Finance Market Segmentation, 2013-2018
  • Major Trends and Development in US Vehicle Finance Market
  • Regulatory Framework in the US Vehicle Finance Market
  • Snapshot on Digitization of Vehicle Finance in US
  • Customer Perspective in US Vehicle Finance Market
  • Competitive Landscape containing Company and Product Profiles in the US Vehicle Finance Market
  • US Vehicle Finance Market Future Outlook and Projections, 2018-2023
  • Analyst Recommendations for the US Vehicle Finance Market
READ MORE

Scope

1. Executive Summary
Market Overview and Size
Market Segmentation
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 – US Vehicle finance market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion

3. Operating Model Analysis for US Vehicle Finance Market
3.1. Direct Lending
3.2. Indirect Lending

4. US Vehicle Finance Market Genesis And Overview
4.1. Market Overview, Genesis and Milestones
4.2. Competitive Timeline

5. US Vehicle Finance Market Competitive Ecosystem

6. US Vehicle Finance Market Size, 2013-2018


7. US Vehicle Finance Market Segmentation, 2013-2018

7.1. By New and Used Vehicle, 2013-2018
7.2. By Type of Vehicle, 2013-2018
7.3. By Finance Source (Banks, Captives, Credit Unions and Private Finance Companies), 2013-2018
7.4. By Risk Category, Super Prime, Prime, Nonprime, Subprime and Deep-Subprime 2015-2018
By Risk Category for New Vehicles, 2013-2018
By Risk Category for Used Vehicles, 2013-2018
7.5. By Loan Tenure – New and Used Vehicles, 2013-2018

8. Government Regulations in US Vehicle Finance Market
8.1. Vehicle Financing
8.2. Applicable Laws/ Regulations
8.3. Regulation by Government Bodies
8.4. Regulatory Costs for Dealers

9. Customer Perspective for US Vehicle Finance Market
9.1. Customer Journey Involved in US Vehicle Finance Market
9.2. Pain Points for the Consumer Involved in US Vehicle Financing Process
10. Business Environment Analysis In US Vehicle Finance Market
PESTEL Analysis

11. Snapshot on Digitization of Vehicle Finance
11.1. Operating Model Transition
Traditional Vehicle Finance Model
Digital vehicle Finance Model
11.2. Operating Models in Digital Lending Ecosystem
11.3. Online Auto Lending Market Ecosystem
11.4. Online Auto Lead Generation
11.5. Major Company Profiles of Auto Loan Aggregators and Marketplaces
LendingTree
DealerTrack
Finance Express
Credit Union Direct Lending
RouteOne
11.6. Major Company Profiles of Auto Lead generation Companies
BlueSky
CyberLead
Auto Credit Express

12. Trends and Developments in US Vehicle Finance Market
Simplifying the Auto loan Process
Technology Driven Lending
Longer Loan Terms
Vehicle Protection
Rising Vehicle Sales
Online Marketplace
Shift from Lending to Leasing
Lenders Widening Risk Portfolio

13. Issues And Challenges in US Vehicle Finance Market
Protectionism and Souring Trade Relations
Higher Delinquencies and Non-Performing Loans
Disruption by Electric Vehicles and Hybrids
Regulatory Pressure

14. Competitive Landscape in US Vehicle Finance Market
14.1. Competition Overview
14.2. Market Share of Major Players in US Auto Finance Market, 2018

15. Product Profile of Major Players in US Vehicle Finance Market
15.1. Banks
Bank Of America
Wells Fargo
Capital One
Chase Auto Finance
Ally Financial Services
15.2. Captives
Ford Motor Credit Company
Honda Financial Services
Nissan Motor Acceptance Corporation
GM Financial
15.3. Private Finance Companies
Credit Acceptance Corporation
15.4. Credit Unions
Pentagon Federal Credit union

16. Company Profiling of Major Players in US Vehicle Finance Market
16.1. Banks
Ally Financial Services
Company Financial Analysis, 2013-2018
Capital One
Company Financial Analysis, 2013-2018
Wells Fargo
Chase Auto Finance
Bank of America
16.2. Captives
Toyota Motor Credit Corporation
American Honda Finance Corporation
Ford Motor Credit Corporation
16.3. Private Finance Companies
Santander Consumer USA
Credit Acceptance Corporation
16.4. Other Players

17. US Vehicle Finance Market Future Outlook and Projections, 2019-2023
17.1. Future Market Size, 2019-2023
17.2. Future Market Segmentation, 2019-2023
By Type of Vehicle Financed, 2019-2023
By Finance Source, 2018-2023
By Loan Tenure
18. Analyst Recommendations
Disclaimer
Contact Us


List Of Figure

Figure 1-1: Flow Chart for US Vehicle Finance Market, 2018
Figure 1-2: Flow Chart showing Future Outlook of US Vehicle Finance Market, 2023
Figure 3-1: US Vehicle Finance Market Operating Model Including Banks, Captives, Non-Bank Financial Institutions and Others, 2018
Figure 4-1: Industry Life Cycle including Introduction, Growth and Maturity Stage of the US Vehicle Finance Market
Figure 6-1: US Vehicle Finance Market Size by Loans Outstanding in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 6-2: US Vehicle Finance Market Size by Loans Disbursed in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 6-3: US Vehicle Finance Market Size by Number of New Vehicles Financed, showing New Vehicle Sales in thousand units, New Vehicles Financed in thousand units and Finance Penetration rate in Percentage (%)2013-2018
Figure 6-4: US Vehicle Finance Market Size by Number of Used Vehicles Financed, showing Used Vehicle Sales in thousand units, Used Vehicles Financed in thousand units and Finance Penetration rate in Percentage (%), 2013-2018
Figure 6-5: Average Loan Amount for New Vehicle Finance in USD and Growth Rate of in %, 2013-2018
Figure 6-6: Average Loan Amount for Used Vehicle Finance in USD and Growth Rate in %, 2013-2018
Figure 7-1: US Vehicle Finance Market Segmentation by Type of Vehicle on the Basis of Credit Disbursed in Percentage (%), 2013-2018
Figure 7-2: Market Segmentation of US Vehicle Finance Market on the basis of Type of Vehicle Financed in Percentage (%), 2018
Figure 7-3: US Vehicle Finance Market Segmentation by Finance Source (Banks, Captives Private Finance Companies and Credit Unions) on the Basis of Auto Loan Outstanding in Percentage (%), 2013-2018
Figure 7-4: US Vehicle Finance Market Segmentation by Finance Source for Banks, Captives, Private Finance Companies, Credit Unions and Finance Companies on the Basis of Auto Loan Outstanding in New Vehicle Finance in Percentage (%), 2013-2018
Figure 7-5: US Vehicle Finance Market Segmentation by Finance Source for Banks, BHPHs, Captives Private Finance Companies, Credit Unions and Finance Companies on the Basis of Auto Loan Outstanding in Used Vehicle Finance in Percentage (%), 2013-2018
Figure 7-6: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-Subprime) on the Basis of Auto Loan Outstanding in Percentage (%), 2015-2018
Figure 7-7: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-subprime) for New Vehicles on the Basis of Auto Loan Outstanding in Percentage (%), 2014-2018
Figure 7-8: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-subprime) for Used Vehicles on the Basis of Auto Loan Outstanding in Percentage (%), 2014-2018
Figure 7-9: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) on the Basis of Auto Loans Disbursed in Percentage (%), 2013-2018
Figure 7-10: US Vehicle Finance Market Segmentation by Loan Tenure (3 to 4 years, 4 to 5 years, 5 to 6 years, 6 to 7 years and 7 to 8 year) for New Vehicles on the Basis of Auto Loan Outstanding (%), 2016-2018
Figure 7-11: US Vehicle Finance Market Segmentation by Loan Tenure (3 to 4 years, 4 to 5 years, 5 to 6 years, 6 to 7 years and 7 to 8 years) for Used Vehicles on the Basis of Auto Loan Outstanding, 2016-2018
Figure 11-1: Transition from Traditional Vehicle Finance Model to Digital Vehicle Finance Model
Figure 11-2: Screenshot from Clearlane, the app-based lending platform of Ally Financial Services, showcasing multiple options to the borrower for availing finance
Figure 11-3: Types of Operating Models in Digital Lending Ecosystem
Figure 11-4: Cross Comparison of Business Models Operated by Major Companies in Digital Auto Lending Ecosystem
Figure 12-1: Investment in Fintech Ventures in US in USD billion and Growth rate in Percentage (%), 2013-2018
Figure 12-2: Average Loan Term for New and Used Vehicles in Years in US Vehicle Finance Market, 2013 and 2018
Figure 12-3: Sales of Light Vehicle in Million Units in US and Growth Rate in Percentage (%), 2013-2018
Figure 12-4: Total Leases Originated in US Vehicle Finance Market in USD Billion and Growth Rate in Percentage(%), 2013-2018
Figure 12-5: Lease Volume in Million Units in US Vehicle Finance Market and Growth Rate in %, 2013-2018
Figure 13-1: Average Car Loan balances 90+ days Delinquent in US Vehicle Finance Market in Percentage (%), 2013-2018
Figure 13-2: Plug in Vehicle Sales in US in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 14-1: Market Share of Major Players in US Vehicle Finance Market on the Basis of Loans Outstanding in Percentage (%), 2018
Figure 14-2: Strengths and Weaknesses of Major Banks in the US Vehicle Finance Market
Figure 14-3: Market Share of Major Banks among Bank Lenders in US Vehicle Finance Market, by Auto Loans Outstanding, in Percentage, 2018
Figure 14-4: Strengths and Weaknesses of Major Captive Lenders in the US Vehicle Finance Market
Figure 14-5: Market Share of Major Captives among Captive Lenders in US Vehicle Finance Market, by Auto Loans Outstanding, in Percentage, 2018
Figure 14-6: Strengths and Weaknesses of Major Private Finance Companies in the US Vehicle Finance Market
Figure 16-1: Financial Performance of Ally Financial Services on the basis of Volume of Vehicles Financed in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-2: Financial Performance of Ally Financial Services on the basis of Retail Auto Loan Outstanding in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-3: Financial Performance of Ally Financial Services on the basis of Retail Auto Loans disbursement in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-4: Nonperforming Auto loans of Ally Financial Services in USD Million, 2013-2018
Figure 16-5: Segmentation of Vehicles financed by Ally Financial Services by Volume of New, New Subvented and Used Vehicles Financed in Percentage (%), 2013-2018
Figure 16-6: Financial Performance of Ally Financial Services on the basis of Repossessed Auto Loan Assets in USD million and Growth Rate in Percentage (%), 2013-2018
Figure 16-7: Capital One Financial Corporation Retail Auto Loans held in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-8: Financial Performance of Wells Fargo on the Basis of Auto Loans Outstanding in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure16-9: Financial Performance of Wells Fargo on the basis of Auto Delinquent Loans in USD Million, 2013-2018 and Growth Rate in Percentage (%), 2013-2018
Figure 16-10: Financial Performance of Wells Fargo on the Basis of Auto Retail Loans Disbursement in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 16-11: Financial Performance of Chase Auto Finance on the basis of Retail Auto Loans held in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure16-12: Financial Performance of Chase Auto Finance on the basis of Delinquent loans 30 or more days past due in USD Million and Growth Rate in %, 2013-2018
Figure 16-13: Financial Performance of Chase Auto Finance on the basis of Retail Auto Auto Loans Disbursement in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 16-14: Financial Performance of Bank of America on the Basis of Auto Loan AUM in USD Billion and Growth Rate in Percentage (%), 2014-2018
Figure 16-15: Financial Performance of Toyota Motor Credit Corporation on the basis of Volume of vehicles financed in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-16: Financial Performance of Toyota Motor Credit Corporation on the basis of AUM in USD Billion and Growth Rate in Percentage (%), 2014-2018
Figure16-17: Financial Performance of Toyota Motor Credit Corporation on the basis of Balances for Accounts 60 days or more past due in Percentage (%), 2013-2018
Figure16-18: Toyota Motor Credit Corporation Market Share of Retail Loans of Total Domestic Sales of new Toyota and Lexus Vehicles in Percentage (%), 2013-2018
Figure 16-19: Toyota Motor Credit Corporation Retail Loans disbursement in USD million and Growth Rate in Percentage (%), 2013-2018
Figure 16-20: Toyota Motor Credit Corporation Number of Vehicle Repossessions expressed as a Percentage (%) of Total Loans Outstanding, 2014-2018
Figure 16-21: Honda Financial Services Volume of Vehicles Financed in Thousand Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-22: Financial Performance of Honda Financial Services on the basis of AUM in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-23: Financial Performance of Honda Financial Services on the basis of Delinquency Ratio as a Percentage of Total Retail Loans (%), 2013-2018
Figure 16-24: Ford Motor Credit Company volume of vehicles financed in thousand units and Growth Rate in Percentage (%), 2013-2018
Figure 16-25: Financial Performance of Ford Motor Credit Company on the basis of Retail Loans held in USD million and Growth Rate in Percentage (%), 2013-2018
Figure16-26: Financial Performance of Ford Motor Credit Company on the basis of Delinquent loans 60 or more days past due expressed in %, 2013-2018
Figure16-27: Ford Motor Credit Company Number of Repossessions in thousand units and Growth Rate in % , 2013-2018
Figure 16-28: Financial Performance of Santander Consumer USA on the basis of Total Retail Loans under management in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-29: Santander Consumer USA Delinquency Ratio as a percentage of Total Retail Loans (%) and Growth Rate in %, 2013-2018
Figure 16-30: Financial Performance of Santander Consumer USA on the basis of Retail Loans Disbursement in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure16-31: Financial Performance of Santander Consumer USA on the basis of Repossessions of Auto Loan Contracts held in units, and Growth Rate in %, 2013-2018
Figure 16-32: Credit Acceptance Volume of Vehicles Financed in Units and Growth Rate in Percentage (%), 2013-2018
Figure 16-33: Financial Performance of Credit Acceptance on the basis of AUM in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 16-34: Financial Performance of Credit Acceptance on the basis of Retail Loan disbursement in USD million and Growth Rate in Percentage (%), 2013-2018
Figure16-35: Credit Acceptance Repossessions Fees from Auto Loan Contracts held in USD million, 2013-2018 and Growth Rate in %
Figure 17-1: US Vehicle Finance Future Market Size by Auto Loans Disbursed in USD Billion and Growth Rate in %, 2019-2023
Figure 17-2: US Vehicle Finance Future Market Size by Auto Loans Outstanding in USD Billion and Growth Rate in %, 2019-2023
Figure 17-3: US Vehicle Finance Future Market Size by Total Light Vehicles Financed in Million Units and Growth Rate in %, 2019-2023
Figure 17-4: Forecasted Additions to Car Sharing Fleet in US in Units and Growth Rate in Percentage (%), 2015-2020
Figure 17-5: Light Vehicle Sales Forecast for US in Million Units and Growth Rate in Percentage (%), 2018-202
Figure 17-6: US Vehicle Finance Market Future Segmentation by Type of Vehicle on the Basis of Credit Disbursed in Percentage (%), 2018 and 2023
Figure 17-7: US Vehicle Finance Market Future Segmentation by Type of Vehicle on the Basis of Number of Vehicles Financed, 2018-2023
Figure 17-8: US Vehicle Finance Market Future Segmentation by Finance Source on the Basis of Loans Outstanding in Percentage (%), 2018 and 2023
Figure 17-9: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) for Vehicles on the Basis of Loan Disbursed in Percentage (%), 2018 and 2023


List Of Table

Table 2-1: US Vehicle Finance Market Definitions including Auto Loans, Banks, Captive Finance Companies, Credit Unions, Commercial Vehicles and Others, 2013-2023
Table 2-2: Abbreviations with their Full Forms, used in the Report
Table 2-3: Correlation Matrix of US Vehicle Finance Market, 2013-2023
Table 2-4: Regression Coefficients Output for US Vehicle Finance Market, 2013-2023
Table 3-1: Value Chain Analysis for US Vehicle Finance Market Entities-Banks, Captives and Non-Bank institutions and Customers Including Role, Number, Major Players, and Types of Customers, Payment Methods and others, 2018
Table 4-1: Market Genesis of US Vehicle Finance Market including Historical Overview, Growth Transition and Current Scenario; and Overview of the US Vehicle Finance Market consisting of Market Stage, Market Nature, Upcoming Institutions, Regional Presence and Types of Customers
Table 4-2: Year of Establishment of Major Competitive Entities in US Vehicle Finance Market
Table 5-1: Major Competitive Players in the US Vehicle Finance Market including Major Banks, Captive Finance Companies, Private Finance Companies and Credit Unions
Table 6-1: Market Sizing Analysis and Rationale of US Vehicle Finance Market on the basis of Loans Outstanding, Loans Disbursed and the Number of New and Used Vehicles Financed, Market Trends and Growth Drivers, 2013-2018
Table 7-1: US Vehicle Finance Market Segmentation by New and Used Vehicle Finance on the basis of Credit Disbursed (Loans and Leases) in USD billion, 2013-2018
Table 7-2: Cross Comparison of New and Used Vehicle Finance on the basis of Sale of vehicles, Average Loan Amount, Penetration Rate of finance and Major Lender Category in US Vehicle Finance Market, 2018
Table 7-3: US Vehicle Finance Market Segmentation by Type of Vehicle on the basis of Number of Vehicle Financed, 2018
Table 7-4: US Vehicle Finance Market Segmentation by Finance Source on the Basis of Auto Loan Outstanding (In USD Billion), 2013-2018
Table 7-5: Cross Comparison of Lender Types on the basis of Number of Entities, Major Players, Interest Rates offered and Major Vehicle Segment in US Vehicle Finance Market
Table 7-6: US Vehicle Finance Market Segmentation by Risk Category (Super Prime, Prime, Nonprime, Subprime and Deep-subprime) on the Basis of Auto Loan Outstanding in USD billion, 2015-2018
Table 7-7: Cross Comparison of Risk tiers in New Vehicle Finance on the basis of Average Loan Amount, Average Loan Term, Average Monthly payment and Average Loan Rate in US Vehicle Finance Market, 2018
Table 7-8: Cross Comparison of Risk tiers in Used Vehicle Finance on the basis of Average Loan Amount, Average Loan Term, Average Monthly payment and Average Loan Rate in US Vehicle Finance Market, 2018
Table 7-9: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) on the Basis of Auto Loan Disbursed in USD Billion, 2013-2018
Table 8-1: Scope of Distribution Channels used in the US Vehicle Finance Market as stated by CFPB (Consumer Financial Protection Bureau)
Table 8-2: Applicable Laws and Regulations in US Vehicle Finance Market
Table 8-3: Role of the CFPB in US Vehicle Finance Market
Table 8-4: Mean Dealership Annual Regulatory Compliance Cost in the US
Table 9-1: End to End Stages involving the Consumer’s Perspective in the Auto Loan process
Table 9-2: Customer Pain Points at Every Stage of US Vehicle financing Process, with Strategy Recommended
Table 10-1: PESTEL Analysis of US Vehicle Finance Market Including Political, Environmental, Social, Technological, Economic and Legal Segments
Table 11-1: Organization Ecosystem of Online Auto Lending in US Vehicle Finance Market
Table 11-2: Ecosystem of Companies and Websites providing Lead Generation Services for Auto Finance, in US Vehicle Finance Market
Table 11-3: Cross Comparison of Major Online Loan Aggregators on the basis of Loan Transactions, Subscription Fees, Lender Partners and Dealer Partners
Table 11-4: Company Profile of Lending Tree including Overview, Business Model, Tools Used, USP, Brands Used, Strategic Relationships and others
Table 11-5: Company Profile of DealerTrack including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-6: Company Profile of Finance Express including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-7: Company Profile of Credit Union Direct Lending including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-8: Company Profile of RouteOne including Overview, Business Model, Dealer Partners, Lender Partners and Additional Information and Metrics
Table 11-9: Company Profile of BlueSky in US Vehicle Finance Market including Overview, Key Features, Major Dealer Partners, Major Lender Partners, Website Visit Information, Total Revenues, KPIs, 2018
Table 11-10: Company Profile of CyberLead in US Vehicle Finance Market including Overview, Key Features, Major Dealer Partners, Major Lender Partners, Website Visit Information, Total Revenues, KPIs, 2018
Table 11-11: Company Profile of Auto Credit Express in US Vehicle Finance Market including Overview, Key Features, Major Dealer Partners, Major Lender Partners, Website Visit Information, Total Revenues, KPIs, 2018
Table 14-1: Competition Overview of US Vehicle Finance Market including Market Competitive Position, Entry Barriers, Major Players and Competition Drivers
Table 14-2: Market Share of Major Players in US Vehicle Finance Market on the basis of Loans Outstanding in USD Million, 2018
Table 14-3: Cross Comparison of Major Players in US Vehicle Finance Market on the basis of AUM, Loan Disbursement and Number of vehicles Financed in US Vehicle Finance Market, 2018
Table 14-4: Market Share of Major Banks in US Vehicle Finance Market on the Basis of Auto Loan Outstanding in USD Million, 2018
Table 14-5: Market Share of Major Captives in US Vehicle Finance Market on the basis of Auto Loan Outstanding in USD Million, 2018
Table 15 1: Product Features of Bank of America including Products Offered, Eligible Age, Interest Rates Offered, Minimum Salary Requirement, Maximum Loan Amount, Payment Modes offered and Other Parameters
Table 15 2: Product Features of Wells Fargo including Products Offered, Eligible Age, Interest Rates Offered, Minimum Salary Requirement, Maximum Loan Amount, Payment Modes offered and Other Parameters
Table 15 915 3: Product Features of Credit Acceptance Corporation including Products Offered, Eligible Age, Interest Rates Offered, Minimum Salary Requirement, Maximum Loan Amount, Payment Modes offered and Other Parameters
Table 16-1: Company Profile of Ally Financial Services including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-2: Ally Financial Key Financials including Quarterly Retail AUM, Commercial AUM and Loan Disbursement, 2017-2018
Table 16-3: Competitive Profile of Capital One including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-4: Capital One Key Financials including Quarterly Retail AUM and Loan Disbursement, 2017-2018
Table 16-5: Company Profile of Wells Fargo including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-6: Wells Fargo Financials including Key Financials including Quarterly Retail Auto Loan AUM, Commercial Auto Loan AUM and Auto Loan Disbursement, 2017-2018
Table 16-7: Company Profile of Chase Auto Finance including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-8: Chase Auto Finance Key Financials including Quarterly Retail Auto Loan AUM, Commercial Auto Loan AUM and Auto Loan Disbursement, 2017-2018
Table 16-9: Company Profile of Bank of America including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-10: Bank of America Key Financials including Quarterly Retail Auto Loan AUM, 2017-2018
Table 16-11: Company Profile of Toyota Motor Credit Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-12: Toyota Motor Credit Corporation Key Financials and KPIs, 2013-2018
Table 16-13: Company Profile of American Honda Finance Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-14: Honda Financial Services Key Financials, 2013-2018
Table 16-15: Company Profile of Ford Motor Credit Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-16: Ford Motor Credit Company Key Financials, 2016-2018
Table 16-17: Company Profile of Santander Consumer USA including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-18: Santander Consumer USA Key Financials, 2013-2018
Table 16-19: Company Profile of Credit Acceptance Corporation including Company Overview, Products and Services, Business Strategy, Recent Developments and Other Parameters
Table 16-20: Credit Acceptance Key Financials, 2013-2018
Table 16-21: Company Profiles of other Major Players in the US Vehicle Finance market including Nissan Motor Acceptance Corporation, GM Financial, TD Bank, PNC Bank, US Bank, Gateway One Lending and Huntington Bank
Table 17-1: US Vehicle Finance Expected Market Size and CAGR, Expected Market Growth Trends and Potential Market Headwinds and Challenges, 2019-2023
Table 17-2: Potential Market Headwinds, Challenges and Rationale for Slowdown in Growth of US Vehicle Finance Market, 2019-2023
Table 17-3: US Vehicle Finance Market Future Segmentation by Finance Source on the Basis of Loans Outstanding in USD Billion, 2018 and 2023
Table 17-4: US Vehicle Finance Market Segmentation by Loan Tenure (Less than 3 years, 3 years, 4 years, 5 years, 6 years and more than 7 years) for Vehicles on the Basis of Loan Disbursed in USD Billion, 2018 and 2023
Table 18-1: Analyst Recommendations for New Entrants in the US Vehicle Finance Market including Rationale and Implementation Techniques
Table 18-2 Analyst Recommendations for Existing Players in the US Vehicle Finance Market including Rationale and Implementation Techniques

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Products

By New and Used Vehicle
  • New Vehicle
  • Used Vehicle
By Type Vehicle
  • Passenger Cars
  • Light Trucks
By Lender Category
  • Banks
  • Captives and BHPH
  • Credit Unions
  • Private Finance Companies
By Risk Category between New and Used Vehicles
  • Super Prime
  • Prime
  • Non-prime
  • Sub-prime
  • Deep Sub-rime
By Loan Tenure between New and Pre-Owned Motor Vehicles
  • Less than 3 Years
  • Three Years
  • Four Years
  • Five Years
  • Six Years
  • Seven Years or more


Companies

Key Companies Covered:
  • Banks
    • Ally Financial
    • Wells Fargo
    • Bank of America
    • Chase Auto Finance
    • Capital One
  • Captives, Credit Unions and Finance Companies
    • Toyota Motor Credit Corporation
    • Ford Motor Credit
    • Nissan Motor Acceptance Corporation
    • GM Financial
    • American Honda Motor Corporation
    • Credit Acceptance
    • Santander Consumer USA
    • Pentagon Federal Credit Union