Indonesia Car Finance Market Outlook to 2024: 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 report titled “Indonesia Car Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies Backed by Surging Car Sales to Drive Market Growth’ provides a comprehensive analysis of the Indonesia Car finance market including market evolution, market overview, market genesis, market size and market segmentation of various Players in the Market. Extensive focus has been placed in quantifying the credit disbursed and Car loans outstanding and a number of vehicles financed. The report covers aspects such as market segmentation (by loan tenure, new and used vehicles and type of Financial Institutions), customer perspective in the market and snapshot on Various Verticals of Multifinance Companies, Online Ad Listing sites and Analysis of Passenger Car Companies. Competitive landscape of major lenders including Bank of Central Asia (BCA Finance), Mandiri Bank (Mandiri Tunas Finance), Danamon Bank (Adira Dinamika Finance), CIMB Niaga , Bank Rakyat Indonesia, Bank Negara Indonesia, Megabank (WOM), ACC Finance, BFI Finance, Oto Multiartha, MPM Finance, Rabana Investindo, Toyota Astra Finance (Toyota and Daihatsu), Dipo Star Finance (Mitsubishi), Bussan Car Finance (Yamaha), Suzuki Car Finance (Suzuki). The report also covers future industry analysis (by credit disbursed and new and used Car Finance), future market segmentation, growth opportunities, up-coming business models, government regulations and analyst recommendations. Indonesia Car Finance Market Overview and Size The Car Finance Market in Indonesia witnessed steady growth during the period 2013-2018, owing to an increase in used Car vehicle sales over the same period. The market is dominated by multi finance companies that are backed by various Multinational banks catering majorly to the middle-class population. There are around 200 multi finance companies in Indonesia (OJK Bank Report). Consumer finance accounts for 90% of the total value of multi finance industry. Trends in the market were largely stimulated by low-interest rates in the Economy. Some challenges faced during the period in the market were the rising loan default rates, unstable vehicle sales and a pullback on loan issues lead by banks, in the latter half of the research period. Indonesia Car Finance Market Segmentation By New and Used Cars: The car Finance Market in Indonesia is segmented into New and Used Car finance with New Cars finance holding a majority share of the total Credit Disbursed in the market in 2019P. The major drivers behind the growth include rising sales of used vehicles as well as the decreasing prices of retail models in the market, which makes it attractive to buy cars. By Tenure of Loan (New Car and Used Cars): The loan tenure selected by the customer depends on factors such as the price of the car, income level of the customer, flexible scheme options and other social factors such as family size and lifestyle of the individual. The maximum tenure allotted for a car loan by both banks and private finance companies is five years for new; however, the situations can change depending on a particular customer. It has been observed that people opting for a 4-year loan tenure has accounted for the Majority of the new cars financed in 2019P followed by 3 Years of the loan tenure. Used cars usually, the tenure for a loan does not exceed 3 years. By Banks, NBFCs and Captives (New Car and used Cars): Commercial banks have accounted for a Major Share in the Overall Car Finance Market of Indonesia on the basis of new Cars Financed. The second position in the market was captured by NBFCs and Multifinance Companies, who operate in the market, the nonfinancial institution’s Captive finance companies have contributed the remaining part of the credit disbursed for new car financing in 2019P. Trends and Issues Recovery of The Indonesian economy, lower financing rates, and improved business environment have positively impacted the consumer confidence index in Indonesia. This has resulted in increasing car sales in 2019P out of which 75.0% are financed by banks and other nonfinancial institutions. In order to stimulate the economic growth of the country, Otoritas Jasa Keuangan (OJK) reduced the down payment requirements in effect increased the Loan to value ratio in 2015. OJK has also introduced the Zero Don Payment option for people with a good Credit Score. This reform is expected to increase the sale of passenger and commercial cars as more number of people can avail car finance. Competitive Landscape of Indonesia Car Finance Market Competition in the market is extremely fragmented. The Major lending institution types in the market are Banks, Captives, Multi Finance Companies, they hold a Fragmented share in the lending space for New Cars, and similarly, banks dominate the Used Car segment but that is again very fragmented. Indonesia Car Finance Market Future Outlook and Projections Over the forecast period, the Indonesia Car Finance market is expected to be positive if there is a continuous need for Car 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 startups 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 the 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 Indonesia market is likely to witness a decline in Car sales which threatens the growth of a number of loans issued in the future. Key Segments Covered:- By New and Used Cars New cars Used cars By Lender Institutions Banks Captives Multi Finance Companies (NBFCs) By Loan Tenure between New and Used Cars Two Years Three Years Four Years Five Years One year Five Years or more Key Target Audience Existing Car Finance Companies Banks Captive Finance Companies Credit Unions Private Finance Companies New Market Entrants Government Organizations Investors Car mobile Associations Car mobile OEMs Time Period Captured in the Report:- Historical Period: 2013-2019P Forecast Period: 2019P-2024 Key Companies Covered:- Banks Bank of Central Asia (BCA Finance) Mandiri Bank (Mandiri Tunas Finance) Danamon Bank (Adira Dinamika Finance) CIMB Niaga Bank Rakyat Indonesia Bank Negara Indonesia Megabank (WOM) NBFCs ACC Finance BFI Finance Oto Multiartha MPM Finance Batavia Prosperindo Radana Bhaskara Indomobil Multi Jasa Mandala Multifinance Tifa Finance Adira Quantum Multifinance Clemont Finance Indonesia Captives Toyota Astra Finance (Toyota and Daihatsu) Dipo Star Finance (Mitsubishi) Bussan Auto Finance (Yamaha) Suzuki Auto Finance (Suzuki) Key Topics Covered in the Report:- Executive Summary Research Methodology Indonesia Car Finance Market Overview and Genesis Value Chain Analysis of Indonesia Car Finance Market, 2019P Indonesia Finance Market Value Chain Analysis Indonesia Car Finance Market Size, 2013-2019P Indonesia Car Finance Market Segmentation Major Trends and Development in Indonesia Car Finance Market Regulatory Framework in the Indonesia Car Finance Market Product Feature on Indonesia Car Finance Market For More Information On The Research Report, Refer To Below Link:- Indonesia Car Finance Market Outlook 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 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. 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