Indonesia Car Finance Market is further expected to reach a Market Size of around USD 1366 Billion by the year ending 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 provides a comprehensive analysis of the Indonesia Car finance market including market evolution, market overview, market genesis, and market size and market segmentation. Extensive focus has been placed in quantifying the credit disbursed and a number of vehicles financed, both new and used. The report covers aspects such as market segmentation (by loan tenure, new and used C and type of Lending Institution), customer perspective in the market and snapshot on online Aggregating ecosystem in Indonesia. Competitive landscape of major lenders 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 the 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. Strong credit demand from businesses and consumers allowed for significant net interest rate margins, helping commercial lenders generate handsome earnings on their loan business. Indonesia’s financial services authority (OJK) has removed down payment requirements for vehicle loans extended by some multi-finance companies in a bid to boost economic growth. It is also expected that the spread of online lending, models will continue in the future. Lead Generation, Online Lending, Loan Aggregation and Technology trends such as Blockchain, Artificial Intelligence, and Fin-tech are expected to impact and disrupt the traditional indirect lending model in the market. Harnessing Fintech to achieve financial inclusion: FinTech has an ability to solve Indonesia’s financial inclusion challenges, which include being an archipelago country with limited infrastructure and a lack of credit information on corporates and individuals. Due to advances in technology and the emergence of Fin-tech startups, which are leveraging their resources to improve the lending experience for the consumer, the market has become more efficient and competitive. Developments in financial technology have allowed for various improvements such as quick retrieval of documents, quicker transactions and customized services based on the customer’s preferences. Car vehicle financing has become seamless, fast and transparent leading to improved operations. However, a key challenge is the lack of credit scoring data. Fintech companies are seeking to overcome this through credit-assessment built on alternative data, including airtime usage. To learn more about this report Download a Free Sample Report Changing Nature of ownership: Consumers in Indonesia are increasingly moving forward to accommodate newer models of mobility and prefer partial ownership of vehicles instead of full ownership. Leasing and Car Rental were foreign concepts in Indonesia a couple of years ago, however, they are now some of the growing operating models in the automobile industry in Indonesia. This perception shift is forcing lenders to adopt new models and incorporate newer products in their portfolio offerings to consumers. Analysts at Ken Research in their latest publication “Indonesia Car Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies Backed by Surging Car Sales to Drive Market Growth”, believe that the Indonesia Car Finance market demand is likely to follow a stable trend in the near future due to a forthcoming Increase in used Cars sales and a shift towards newer models of mobility such as car-sharing and leasing, which will, in turn, help the economy grow as well. Some positive factors expected to impact the market is the influx of digitization-based lending models (Introduction of Fintech Products), the spread of customized loan products and a further rise in the penetration rate of C finance. The market is anticipated to register a positive CAGR of ~5.3% in terms of Credit Disbursed during the forecasted period 2019P-2024. 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 Carmobile Associations Carmobile 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: – NBFCs share Indonesia Credit Disbursed in USD Million Minimum Down Payment for Car Finance Indonesia Number of Used and New Cars Sold in Indonesia Lending Interest Rate in Indonesia Digitization of Car Finance Indonesia Indonesia Online Car Lending Ecosystem Indonesia Car Finance Credit Disbursed Indonesia Car Loan Outstanding Indonesia Major Captive Finance Institutions Indonesia Car Finance Interest Rate Non-Bank Institutes Indonesia 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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