The Car Finance Market is Expected to Grow at a CAGR of 13.5% from FY’2016 – FY’2020- Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The pre-owned car finance market has emerged as one of the fastest growing market in the previous few years. The major players or the financiers in the Pre-Owned car finance market are banks and the NBFC’s wherein the major share has gone to the banks because of the underlying trust of the people in banking system of the country. The pre-owned car finance industry thereafter followed an upward trend and it is expected that within a year with every one new car sold, almost 1.3 used cars would be sold. Penetration of finance in the pre-owned car market has also observed expansion during the review period. Pre-owned car finance industry is segmented into online and offline segments. These include loans which are provided online through internet or offline through direct interaction between customer and the financier. Many of the major players in the offline car financing also have their counterparts in the online car financing segment for example HDFC Bank, ICICI Bank and more. There is a great chain of factors to consider while going for the online or the offline platform. India being a developing country with high youth population and higher broadband penetration, large number of people are dependent on the internet for most of their work. Also, other factors such as interest rate, processing fees and reliability have been considered to opt for either online or offline loans. The pre-owned car finance market can also be segmented on the basis of the term of the loan. The major fragments consist of the average of 3 year, 5 year and 7 year loans. During FY’2010, loans for pre-owned cars were not very prevalent as compared to the new car segment and the financiers who provided these loans generally provided for a short period of time, mostly for an average term of 3 years. In India, the pre owned car finance market noticed the highest sale during the 4th quarter (Q4) of FY’2015 due to the plethora of festivals. People possess the mindset to purchase vehicles mostly in this period which have resulted in 30% of total pre-owned cars loan disbursements in the 4th quarter. The New Car Finance market has emerged as one of the finest growing markets in the previous few years. New car finance market in India has showcased a glorified growth rate, which was determined by several factors such as rising urban population, escalation of personal disposable incomes and growing preferences towards car purchases. Moreover, the emergence of new and upgraded car models in the Indian market has further provided a spurt to the new car finance market. The aforementioned factors have led the market loan disbursements to grow at an astonishing compound annual growth rate of 10.0% during FY’2010-FY’2015. The India Car Finance Market has been facing intense competition from a number of players including the banks and the NBFCs with major share of the car finance market accredited to the banks. The NBFCs control less proportionate share as compared to the banks mainly because of the envisaged trust of the country’s population on banks. This has been made possible by the efforts of government to strengthen the banking system of the country. On the other hand NBFCs also face intense competition amongst themselves with most of them offering similar products. For further detail follow the below mentioned link: https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/india-car-finance-market-report/679-93.html Contact: KenResearch AnkurGupta,HeadMarketing&Communications Ankur@kenresearch.com +91-9015378249 Tags: Growth Drivers of India Car Finance Market, growth drivers of india car finance market on, india car finance market future, india car finance market introduction, india car finance market research, India Car Finance Market Research Reports, India Car Finance Market Size, India Car Finance Market Value Chain Analysis, India New Car Finance Market, India New Car Finance Market Introduction, india new car finance market research, India New Car Finance Market Research Reports, India New Car Finance Market Segmentation, India New Car Finance Market Size, india new car finance marketresearch reports, India-Pre owned Car Finance Market, Market Share of Banks and NBFCs in New Car Finance Market, SWOT Analysis of India Car Finance Industry, Trends and Developments in India Car Finance Market