The Singapore Auto Finance Market is dominated by financing of Used Cars majorly through Banking Institutions owing to their huge Loan portfolio and driven by factors such as growing digital advancements to ease application process in the country: 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 Rising Digital Advancements: In recent years, Singapore’s Auto Finance Industry is increasingly moving towards more digital, platform-based and simplified systems, to increase its acceptance and overall efficiency. High penetration of mobile commerce has led to large disruption in the segment, with market participants being able capture a lion’s share of the market by applying more customer centric approaches. Some of the most popular players in Singapore providing digital loan services are DBS Bank, UOB and more. Emerging Finance Aggregator Platforms: In recent years, Digital Finance Aggregators Platforms as well as other credit Rating platforms are slowly emerging in the Singapore Market for the convenience of its Car Buying customers. For Example, Innovative digital startups such as LANDELA are reshaping the challenging car shopping and financing process into a quick and easy experience for customers in Singapore by providing them with a wide range of car loans options most suitable for them within a short time. COVID Impact on Auto Finance Industry: COVID-19 led to increase in car inventories in Singapore owing to decrease in car sales in the country, especially in the months of April to June 2020 when auto sales decreased by more than 70%. Moreover, High uncertainty in the Financial Environment also led to increase in Loan Payment deferment requests in the country. Government of Singapore announced various financial relief programmes which allowed eligible individuals to defer loan payments and more. Growing Private Hire Car Service: The Business of Private Hire Car Service is on a rise in Singapore owing to which private car service financing is also increasing in the country. Owing to the above reason, Big Taxi Players in the market such as Trans-cab have ventured into car financing and leasing amid the growth of ride-hailing in the country. Analysts at Ken Research in their latest publication “Singapore Auto Finance Market Outlook to 2025- Led by Green Car Loans, Growing Digital Advancements, Increasing Number of Finance Aggregators”, the Singapore Auto Finance Market has been evolving in the country due to factors such as rising private car service demand due to changing consumer patterns owing to reasons such as Government policy restrictions on car ownership; improving transportation infrastructure and technology such as EVs leading to higher Green Car loans; rising investment in technologies such as IoT, Big Data, Open Data, AI, and more to simplify the loan application process; growing presence of finance aggregators in the region to improve sales and financing process. The market is expected to register a positive CAGR of 8.9% in terms of credit disbursed during the forecast period 2020-2025. Key Segments Covered:- By Type of Cars Financed- (Units) New Vehicles Used Vehicles By Credit Disbursed (By SGD Billion) Commercial Vehicles Passenger Vehicles New Vehicles Used Vehicles Motorcycles By Loan Outstanding (By SGD Billion) Commercial Vehicles Passenger Vehicles New Vehicles Used Vehicles Motorcycles By Type of Institution (Loan Outstanding) (SGD Billion) Banks & Subsidiaries Finance Companies Others Companies Covered (Banks) DBS Bank UOB MayBank OCBC Standard Chartered Bank (Finance Companies) Hong Leong Finance Singapura Finance Sing Investment & Finance Singapore Auto Finance Property Holdings Credit Master Carro SG Cash N Cars Speed Credit SF Holdings Accord Motoring Vincar Goldbell Financial Services Capitall Money Max Leasing Key Target Audience Existing Auto Finance Companies Banks OEM Dealerships Captive Finance Companies Credit Unions Private Finance Companies New Market Entrants Government Organizations Investors Auto mobile Associations Auto mobile OEMs Time Period Captured in the Report:- Historical Period: 2015-2020 Forecast Period: 2020-2025 Key Topics Covered in the Report:- Comprehensive analysis of Singapore Auto Finance Market and its segments. Listed major players and their positioning in the market. Identified major industry developments in last few years and assessed the future growth of the industry. For More Information on the research report, refer to below link:- Singapore Auto Finance Market Related Reports:- Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans Thailand Auto Finance Market Outlook to 2024: Growing Prominence of Captive Finance Companies and Loan Portfolio of Banks acting as a Catalyst for Market Growth Qatar Auto Finance Market Outlook to 2023 –By Banks, Non Banking Financial Companies and Captives, By New and Used Vehicles Financed, By Type of Vehicle Financed (Motor Bikes, Cars and Light Commercial Vehicles) and By Loan Time Period Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Accord Motoring Auto Finance Market Shares, Auto Finance Industry In Singapore, Auto Finance Market In Singapore, Capitall Auto Finance Market Shares, Carro Auto Finance Market Shares, Covid-19 Impact Singapore Auto Finance Industry, Covid-19 Impact Singapore Auto Finance Market, Credit Master Auto Finance Market Shares, DBS Bank Auto Finance Market Shares, Evaluation Study Singapore Auto Finance Market, Evaluation Summary Report Singapore Auto Finance Market, Evaluative Survey Singapore Auto Finance Market, Goldbell Financial Services Auto Finance Market Revenue, Gross Domestic Product Singapore, Hong Leong Finance Auto Market Revenue, Industri Kewangan Auto Singapura, Industry Research Report Of Singapore Auto Finance, Market Research Report Of Singapore Auto Finance, MayBank Auto Finance Market Sales, Money Max Leasing Auto Finance Market Size, OCBC Auto Finance Market Shares, Pasar Kewangan Auto Singapura, SF Holdings Auto Finance Market Sales, SG Cash N Cars Auto Finance Market Shares, Sing Investment & Finance Auto Market Revenue, Singapore Auto Credit Disbursed Market, Singapore Auto Finance Companies, Singapore Auto Finance Due Diligence Report, Singapore Auto Finance Growth Strategy Market Report, Singapore Auto Finance Industry, Singapore Auto Finance Industry Research Report, Singapore Auto Finance Market, Singapore Auto Finance Market Analysis, Singapore Auto Finance Market Competition, Singapore Auto Finance Market Competition Benchmarking, Singapore Auto Finance Market Evaluation Report, Singapore Auto Finance Market Forecast, Singapore Auto Finance Market Future Outlook, Singapore Auto Finance Market Growth, Singapore Auto Finance Market Major Players, Singapore Auto Finance Market Research Report, Singapore Auto Finance Market Revenue, Singapore Auto Finance Market Revenue Forecasting, Singapore Auto Finance Market Shares, Singapore Auto Finance Market Size, Singapore Auto Finance Market Trends, Singapore Auto Finance Property Holdings Auto Finance Market Shares, Singapore Auto loan Industry, Singapore Auto loan Market, Singapore Automotive Finance Aggregator Market, Singapore Automotive Market, Singapore Average Price of Vehicles, Singapore Commercial Car Market Sales, Singapore Commercial Vehicles Finance Market, Singapore Green Car Finance Industry, Singapore Green Car Finance Market, Singapore Green Car loan Industry, Singapore Green Car loan Market, Singapore Green Car loan Market Sales, Singapore Motorcycles Finance Market, Singapore New Car Sales Market, Singapore New Vehicles Finance Market, Singapore On Road Vehicles Market, Singapore Passenger Car Market Sales, Singapore Passenger Vehicles Finance Market, Singapore Used Car Sales Market, Singapore Used Vehicles Finance Market, Singapura Finance Auto Market Revenue, Social Evaluation Research Singapore Auto Finance Market, Speed Credit Auto Finance Market Shares, Standard Chartered Bank Auto Finance Market Revenue, Types of Car Loans Singapore, UOB Auto Finance Market Shares, Vincar Auto Finance Market Shares, Write An Evaluation Report On Singapore Auto Finance Market, கிரெடிட் மாஸ்டர் ஆட்டோ நிதி சந்தை பங்குகள், கோவிட் -19 தாக்கம் சிங்கப்பூர் ஆட்டோ ஃபைனான்ஸ் தொழில், சிங்கப்பூர் ஆட்டோ ஃபைனான்ஸ் தொழில், சிங்கப்பூர் ஆட்டோ நிதி சந்தை, சிங்கப்பூர் வணிக வாகன நிதி சந்தை