Philippines Auto Loan Book Growth is Driven by the Growing Filipino Economy, Motorization Rate and High Penetration Rate of New and Used Vehicles: Ken Research REQUEST FOR SAMPLE REPORT Buy Now 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 banks and non-banking institutions are moving away from the capital region towards less penetrated areas by increasing their branches to tap the underserved market.” Analysts at Ken Research in their latest publication “Philippines Auto Finance Market Outlook to 2023 – By Banks and NBFCs including Captive Units (Auto Loan Portfolio and Motor Cycle Loan Portfolio), By New and Used Motor Vehicles, By Motor Vehicle Financed (Passenger and Commercial Vehicles), By Loan Time Period” believe that the Philippines Auto Finance demand will grow in the near future on the back of growing digitalization and market innovation, customized auto loan product, focusing towards marketing and promotion, providing commercial and used vehicle financing and other factors. The market is further anticipated to register a positive CAGR of ~17% in terms of AUM during the forecasted period 2018-2023. Growing Economy: The Philippines is one of the fastest growing economies in the world with major focus shifting from agriculture to services and manufacturing. Amid this transition, major focus is being given to automobile sector to increase its contribution towards GDP. As auto manufacturing sector advances costs are coming down making automobiles more accessible for Philippines locals. The country has a motorization rate of just 38 vehicles per 1,000 people which is way less than other ASEAN countries. This number is growing with more Filipinos entering the middle class in a flourishing economy and aiming to own a personal vehicle. The penetration rates for both new and used cars has increased for the Philippines auto sector thus, leading to high purchase of automobiles owing to the increased household disposable income of the citizens. Also, the Philippines Gross National Income per capita has increased considerably in the past one decade, allowing more households to own an automobile of their own. Increasing purchasing power in terms of household income has allowed the citizens to meet the minimum household income criteria of auto loan institutions which have led to massive increase in auto loan book and new loan acquisition rate. The advent of online aggregators such as www.autodeal.com.ph has made potential buyers more aware of the prevailing prices in the market for sales of automobiles. This has given them higher bargaining power to customers to make better informed decisions while negotiating prices with car dealers in both new and second hand sales of cars and others. Strong Financial performance of Major Players and non-banking institutions: Major financing companies reported strong financial performance with quality auto-loan growth and healthy liquidity positions. Financing companies adopted risk-averse strategy in vehicle financing by prioritizing loans for the best-selling cars while penetrating a second-hand vehicle market for an optimal risk-return trade-off. Some of the leading banking institutions include Metro Bank, BDO, Ps Bank, East West Bank, the Philippine National Bank (PNB Saving Bank), Bank of the Philippine Islands, RCBC, May Bank Philippines Incorporated and others whereas some of the leading NBFCs in the Philippines include Toyota Financial Services Philippines Corporation, MAFS, Unistar Credit and Finance Corporation, Radio Wealth finance Company and others. Key Segments Covered:- By Type of Motor Vehicle Loans Provided By Banks and NBFCs Auto Loan Portfolio Motor Cycle Loan Portfolio By Type of Motor Vehicle New Vehicle Pre-Owned Vehicles By Type of Motor Vehicle Financed Passenger Vehicles Passenger Cars Utility Vehicles Sports Utility Vehicles Two Wheelers Commercial Vehicles Trucks Buses Trailers By Time Period of Loan between New and Pre-Owned Motor Vehicles and One Year Two Year Three Year Four Year Five Years and More By Vehicles Registered Under Various Regions Key Target Audience:- Existing Auto Finance Companies Banks & Subsidiaries Auto OEM Captive Finance Companies Non Banking Financial Institutions New Market Entrants Automobile Financing Companies Government Organizations Investors Automobile Associations Automobile Original Equipment Manufacturer Time Period Captured in the Report:- Historical Period: 2013-2018 Forecast Period: 2018-2023 Key Companies Covered:- Banking Institutions Metro Bank BDO Bank PS Bank East West Bank Philippine National Bank Bank of the Philippine Islands Maybank Philippines Incorporated Others Non-Banks and Dealership Financing Toyota Financial Services Philippines Corporation (TFSPH) MAFS Unistar Credit and Finance Corporation Radio Wealth finance Company Others Keywords:- Philippines Auto Finance Market Auto Finance Market In Philippines Philippines Auto Finance Market Revenue Philippines Auto Finance Market Major Players AUM Auto Loan Philippines Auto Loan Book Market Philippines Auto Loan Product Philippines Bus Finance Market Philippines Used Car Finance Market Philippines Car Finance Industry Philippines Motor Loan Market Philippines Motor Loan Book Philippines Motor Cycle Loan Market Philippines Auto Lease Market Philippines Philippines Auto Finance Product For More Information on the Research Report, refer to below links: – Philippines Auto Finance Market Related Reports by Ken Research Vietnam Auto Finance Market Outlook to 2023 – by Loan Tenure, by Type of Institution (Commercial Banks and Non- Banking Financial Institutions) and by Type of Vehicle (Passenger and Commercial) Thailand Auto Finance Market Outlook to 2023 – by Loan Tenure, By Commercial Banks, Non- Banking Financial Institutions, Auto OEMs Captives; By New and Used Passenger and Commercial Vehicles Indonesia Car Finance Market By Type (New And Used Passenger And Commercial Cars), By Tenure Of Loan, By Banks, Captive And Non Captive Institutions – Outlook To 2021 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Ang Kita ng Pananalapi sa Pananalapi ng Pilipinas, Asset Under Management Auto loan Philippines, AUM Auto Loan Philippines, Auto Credit Disbursed Philippines, Auto Finance Industry In Philippines, Auto Finance Market In Philippines, Auto Lease Finance Market Philippines, Auto Lease Market Philippines, Auto Leasing Market Philippines, Auto Loan Book Market Philippines, Auto Loan Disbursed Philippines, Auto Loan Online Aggregator Philippines, Auto Loan Outstanding Philippines Market, Auto Loan Partnership Dealers Philippines, Auto Loan Product Philippines, AutoDeal Market Share Philippines, Bank Auto Finance Philippines, Bank Finance Auto Loan Philippines, Bank of the Philippine Islands Auto Loan Market Competition, BDO Bank Auto Loan Market Philippines, Bilang ng Financed Financing ng Pilipinas, Bus Finance Market Philippines, Captive Auto Loan Finance Philippines, Captive Finance Companies Philippines, Captives Philippines Auto Finance, Car Finance Industry Philippines, Commercial Vehicle Finance Philippines, Competition Auto Loan Philippines, Credit Disbursed Auto Finance Philippines Market, East West Bank Auto Finance Market Philippines, Ginamit ang Car Finance Market Philippines, Industry Research Report Of Philippines Auto Finance, Interest Income Auto Loan Philippines, Loan Outstanding Philippines Market, Lumang Car Finance Market Philippines, MAFS Philippines Auto Finance Market, Major Auto Loan Providers Philippines, Market Research Report Of Philippines Auto Finance, Maybank Philippines Auto Finance Market, Metro Bank Philippines Auto Loan Portfolio, Motor Cycle Loan Market Philippines, Motor Loan Book Philippines, Motor Loan Market Philippines, Motor Loan Vehicle Portfolio Philippines, Motor Vehicle Loan Market Philippines, MotorBike Loan Outstanding Philippines, New Auto Loan Acquisition Rate Philippines, New Car Finance Market Philippines, New Car Finances Market Philippines, New Vehicle Finance Portfolio Philippines, Non Bank Auto Finance Philippines, Non Bank Financial Institutes Auto Finance Philippines, Non Bank Institutes Philippines, Number of Automobile Financed Philippines, Number of Vehicles Financed Philippines, Old Car Finance Market Philippines, Outlook Auto Finance ng Pananalapi sa Pilipinas, Passenger Vehicle Finance Philippines, Philippine National Bank Market Share Auto Loan, Philippines Auto Finance Industry, Philippines Auto Finance Industry Research Report, Philippines Auto Finance Market, Philippines Auto Finance Market Analysis, Philippines Auto Finance Market Competition, Philippines Auto Finance Market Drivers, Philippines Auto Finance Market Forecast, Philippines Auto Finance Market Future Outlook, Philippines Auto Finance Market Growth, Philippines Auto Finance Market Major Players, Philippines Auto Finance Market Opportunities, Philippines Auto Finance Market Overview, Philippines Auto Finance Market Research Report, Philippines Auto Finance Market Revenue, Philippines Auto Finance Market Scope, Philippines Auto Finance Market Segmentation, Philippines Auto Finance Market Shares, Philippines Auto Finance Market Size, Philippines Auto Finance Market Trends, Philippines Auto Finance Market Value, Philippines Auto Finance Product, Philippines Auto Finance Value Chain, Philippines Vehicle Loan Portfolio, Pilipinas Auto Finance Industry, Pre Owned Vehicle Finance Philippines, PS Bank Auto Finance Market Philippines, Radiowealth Philippines Auto Finance Market, Regulation Auto Loan Philippines, Toyota Financial Services Philippines Auto Loan, Truck Loan Philippines Portfolio, Two Wheeler Finance Philippines, Unistar Credit and Finance Corporation Auto Finance Market, Used Car Finance Market Philippines