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 »
