Philippines Auto Finance Market Is Expected To Reach Over PHP 1,100 Bn By 2027. Will The Philippines Auto Finance Market Stand On This Expected Figure? : Ken Research All major banks in the Philippines finance all passenger vehicles to cater to the diverse needs of borrowers and to remain competitive in the market. The Market is moderately fragmented. BDO, PNB, RCBC, Maybank and Metrobank can be positioned as leaders in Philippines Auto Finance Market owing to their large customer base, demand for auto… Read More »
Auto Finance Market Is Expected To Grow At A CAGR Of 11.4% By 2027. Will The Philippines Auto Finance Market Stand On This Expected Figure? : Ken Research 1. 60% of the mobile and internet users had an online financial transaction in the past and accounts with NGOs and cooperatives were primarily transacted over-the-counter (OTC). For more information, request a free sample Report Increased use of online banking/mobile apps reflects a progressive shift towards digital payments. These online payment channels helped in weathering… Read More »
In 2022, the number of vehicles funded rose to ~1,600 Th units. Will future growth of this number be supported by the Philippines Auto Loan Market? Ken Research 1. The rising consumption, availability of auto loans and initiatives by automakers restored the market after Covid-19 pandemic. For more information, request a free sample Report The vehicle registration data reflect the overview of number of vehicles present in the market. Gradual increase in car parc size in industry can be attributed to the restoration… Read More »
Rising Auto Finance Aggregators, Flexible Models of Financing with Growing Digital Advancement and Government Initiatives had driven Philippines Auto Finance Market: Ken Research Buy Now Rising Innovation: Innovative digital startups such as iChoose.ph are reshaping the challenging car shopping and financing process into a quick and easy experience for customers in Philippines. It is expected that these will create an auto finance ecosystem in which digital aggregators increasingly control the sales and financing process. Car dealerships are expected to increasingly bring… Read More »
Philippines Auto Loan Book Growth is Driven by the Growing Filipino Economy, Motorization Rate and High Penetration Rate of New and Used Vehicles: Ken Research “The banks and non-banking institutions are moving away from the capital region towards less penetrated areas by increasing their branches to tap the underserved market.” Analysts at Ken Research in their latest publication “Philippines Auto Finance Market Outlook to 2023 – By Banks and NBFCs including Captive Units (Auto Loan Portfolio and Motor Cycle Loan… Read More »
Philippines Auto Finance Market Outlook to 2023: Ken Research The report titled “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” provides a comprehensive analysis of Philippines’ auto finance market including market… Read More »
