US Vehicle Finance Market Research Report And Market Forecast: 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 Competitive Landscape in the US Auto Finance Market The Competition in the US vehicle finance 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. Some of the leading banking institutions include Ally Financial, Capital One, Bank of America, Wells Fargo and Chase Auto Finance. Stiff competition was observed in the case of Captives including Toyota Motor Credit Corporation, GM Financial, American Honda Finance Corporation, Nissan Motor Acceptance Corporation and Ford Motor Credit Corporation. Credit Unions such as Pentagon Federal Credit Union have been seen to register double digit growth, representing the trend of the rapid growth of credit union. Parameters on the basis of which companies compete in the market include interest rate, digitalization, and ease of transaction, distribution network, service portfolio and others. Snapshot on Digitization of US Auto Finance The Digital based Vehicle Finance model looks to increase convenience and reduce the number of stakeholders in the market to provide a streamlined lending experience for the borrower. It relies on the delimiting resource of internet to increase awareness among the end users in the market, which are the consumers. The process today, begins on a web browser window, when the borrower researches potential vehicles, dealers providing the preferred vehicle, financing options and financing outlets. Then Lead Generation kicks in, and allows the dealership to directly contact the customer. Or the borrower can sort out financing of the vehicle before deciding about the purchase, by applying for preapproval online at a lender’s website. All this is done before contacting the dealership or the lender. Once the borrower is in contact with the dealership, the process follows a similar path to the traditional model and ends when the vehicle is delivered. But with the ever increasing level of technology, important aspects such as CRM, Marketing, and Payments are prevalently being integrated digitally. The scope of incorporating digitalization into the vehicle financing process knows no bounds. Request for a sample report The complication of the loan process, by way of the ‘decision fatigue’ caused by increasingly long negotiations at the dealerships and lengthy paperwork, mandated the introduction of digital auto lending Dealerships have an option of either generating their own leads through expanding their marketing capabilities, or reaching out to specialized Lead Generation Companies. Many Auto Lead Generation sites are coming forward to establish connections between prospective customers and automotive dealers. These lead generation sites operate on the behalf of different auto dealers and gather auto leads qualifying to their specific dealership conditions and get paid either on the basis of total sales conversions made or the total number of leads they generate or a combination of both. By using proven marketing methods, the auto lead generation companies not just generate leads but also maintain them in a database for inquiry purposes. They allow the lead to fill up an online form covering information on the loan amount, desirable car model or making and contact details. This form is then supplied to approaching dealers, in exchange for a lead generation fee. As soon as the automotive lead is bought out from the lead generators, the lenders create a proposal for the borrower based on his or her queries and specifications given in the form. US Auto Finance market Future Outlook and Projections The US Vehicle Finance market is expected to be positive if there is a continuous need for motor vehicle among the 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 Request for custom report 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 For more information on the research report, refer to below link:- US Vehicle Finance Market Related Reports:- 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 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Ally Financial Vehicle Finance Market Size, American Honda Motor Corporation Vehicle Finance Market Shares, Auto Credit Express Auto Lead generation Company US, Auto Leasing Market US, Auto Loan Disbursed US, Auto Loan Outstanding US, Average Car Loan Amount In US, Average Loan Amount For New Vehicle Finance In USD, Average Loan Amount For Used Vehicle Finance In USD, Bank of America Vehicle Finance Market Revenue, Banks Market Share Auto Loan US, BlueSky Auto Lead generation Company US, Capital One Vehicle Finance Market Revenue, Captive Finance Companies Market Share Auto Loan, Captive Finance Companies US, Captives BHPH US Vehicle Finance Market, Chase Auto Finance Vehicle Finance Market, Credit Acceptance Corporation Vehicle Finance Market Size, Credit Disbursed Auto Finance Market US, Credit Union Direct Lending Auto Loan Aggregators US, Credit Unions US Vehicle Finance Market, CyberLead Competition Auto Loan US, DealerTrack Auto Loan Aggregators US, Digitization of Vehicle Finance US, Finance Express Auto Loan Aggregators US, Ford Motor Credit Corporation Vehicle Finance Market Shares, GM Financial Vehicle Finance Market Revenue, Industry Research Report Of US Vehicle Finance, LendingTree Auto Loan Aggregators US, Light Truck Finance Market US, Marché américain de l'automobile, Marché américain du financement automobile, Marché américain du financement des véhicules, Marché du financement de véhicules neufs, Marché du financement des véhicules d'occasion US, Market Research Report Of US Vehicle Finance, Montant moyen du prêt auto aux États-Unis, New Vehicle Finance Market US, Nissan Motor Acceptance Corporation Vehicle Finance Market Size, Nombre de voitures financées aux États-Unis, Number of Cars Financed In US, Number of New Vehicles Financed in US, Number of Passenger Cars Financed US, Online Auto Lending Market US, Passenger Car Finance Market US, Passenger Cars Loan US, Passenger Vehicle Finance Market US, Pentagon Federal Credit Union Vehicle Finance Market Shares, RouteOne Auto Loan Aggregators US, Sales of Light Vehicle in Million US, Santander Consumer USA Vehicle Finance Market Size, Statistiques du marché américain des prêts auto 2018, Taille du marché du prêt auto américain, Toyota Motor Credit Corporation Vehicle Finance Market Shares, United States Car Finance Market, United States Vehicle Finance Market, US Auto Finance Industry, US Auto Finance Market, US Auto Finance Risk Category, US Auto Loan Industry Analysis, US Auto Loan Market Size, US Auto Loan Market Statistics 2018, US Auto Loan Outstanding, US Car Finance Industry, US Car Finance Lender Category, US Car Finance Market, US Light Truck Finance Market Shares, US New Vehicle Finance By Loan Tenure, US Used Vehicle Finance By Loan Tenure, US Vehicle Finance By Private Finance Companies, US Vehicle Finance Competition, US Vehicle Finance Credit Disbursed, US Vehicle Finance Industry, US Vehicle Finance Industry Research Report, US Vehicle Finance Market, US Vehicle Finance Market Analysis, US Vehicle Finance Market Challenges, US Vehicle Finance Market Competition, US Vehicle Finance Market Forecast, US Vehicle Finance Market Growth, US Vehicle Finance Market Institutions, US Vehicle Finance Market Lease Volume in Million, US Vehicle Finance Market Major Players, US Vehicle Finance Market Opportunities, US Vehicle Finance Market Research Report, US Vehicle Finance Market Revenue, US Vehicle Finance Market Shares, US Vehicle Finance Market Size, US Vehicle Finance Market Size by Loans Disbursed in USD Billion, US Vehicle Finance Market Trends, Used Vehicle Finance Market US, Vehicle Finance Industry In US, Vehicle Finance Market In US, Wells Fargo Vehicle Finance Market Shares