US Vehicle Finance Market Research Report And Market Future Outlook: 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 How US Vehicle Finance Market is Positioned? US Vehicle Finance Market has been identified as in its late growth stage. During the last 5 years, the auto finance market has risen as demand and supply for automotives was growing at a decent rate year on year. Lenders (supply side entities), in this period have evolved to provide a range of innovative products and services to further improve attraction and penetration of the market. Auto finance gained dominance as people started accepting loans as a way of buying their cars majorly because of interest rates decline, innovative finance products by lending institutions and ease of getting a loan. The majority of the expansion in auto finance sales in these years came from financial institutes such as banks and credit unions. Online Lending entities such as Lead Generation Companies, Online Lenders and Aggregators also started gaining prominence. The vehicle finance market has increased to approximately USD ~ billion in 2018 from USD ~ billion in 2013 registering a CAGR of ~% during the same period. The credit disbursed in the US Vehicle Finance Market has increased from USD ~ billion in 2013 to USD ~ billion in 2018. The outstanding auto loan increased from USD ~ billion in 2013 to USD ~ billion in 2018. The number of vehicles financed increased from ~ in 2013 to ~ in 2018. There have been various factors responsible for the growth. One of the major factors has been the growing level of sales of light vehicles in US along with a vast array of financing options being offered by lenders. Moreover, convenience in lending is being improved as online lending ecosystems contribute to the rising total addressable market in vehicle finance and lenders offer highly customized products catered to the borrower’s needs. US Auto Finance Market Segmentation By New and Used Vehicle: In US, auto loan is disbursed for both new and used vehicles. Credit Disbursed for New Vehicle finance was observed to dominate the market during 2018. New Vehicle Finance enjoy a majority share in the market owing to the advantages that come handy with the new vehicles that includes higher resale value and better financing schemes. Used vehicles capture a comparatively lower share in the market. By Type of Vehicle (Passenger Cars and Light Trucks): Loan financing provided for Light Trucks established itself as the market leader in the US vehicle finance market during the year 2018, owing to the high sales volume of light trucks and the preference of consumers towards owning spacious vehicles. By Lender Category (Banks, Captives, Credit unions and Finance Companies): Banks and Captives dominate the majority of the vehicle lending in the market owing to their huge network as well as financial resources that allow them to charge subsidized interest rates. Credit Unions are rapidly growing to establish a niche and major presence in the market. By Risk Category (Super-prime, Prime, Nonprime, Subprime and Deep-Subprime between New and Used Vehicles): The risk category of borrowers is determined by their credit history and past borrowings. Subprime loans were increasing at a decent pace owing to the lowering of credit requirements by lenders and lax underwriting standards. By Loan Tenure (Less than 3 years, 3, 4, 5, 6, and 7 or more years) Between New and Used Vehicles: 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 life style of the individual. The maximum tenure allotted for a car loan by both banks and private finance companies is eight years for new vehicle. It has been observed that, people opting for six year loan tenure dominated the US vehicle finance market in 2018. 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 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 Key Topics Covered in the Report:- US Vehicle Finance Industry US Vehicle Finance Market Analysis US Vehicle Finance Market Shares US Vehicle Finance Market Growth US Car Finance Market US Auto Finance Market US Auto Finance Industry Used Vehicle Finance Market US Online Auto Lending Market US US Auto Loan Market Size Number of Cars Financed In US Auto Loan Disbursed US Passenger Cars Loan US Auto Leasing Market US 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 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. 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
