The Ups and Downs of the Singapore Auto Finance Market. Will the market be able to keep up with the trends in the Automobile sector ?: Ken Research The Singapore Auto Finance Market was observed to be in a growth stage between 2015 and 2020 as a result of increasing digital advancements which has eased the loan application process, emerging green car loans, the introduction of finance aggregators, and other factors. In 2015-20, the Singapore Auto Finance Industry grew at a CAGR of… Read More »
Singapore’s Auto Finance Market Is Expected To Get Doubled By 2025, Disbursing Credit Of More Than $ 5 Bn. Will It Be Able To Achieve This? : Ken Research The Auto Finance market of Singapore consists of a large number of Domestic as well as international players. However, only the top few players occupy a lion’s share of the market (basis credit disbursed) making the industry highly concentrated. Major Baking Institutions involved in Auto Loans Services in Singapore include DBS Bank, Standard Chartered, OCBC,… Read More »
Emerging Green Car Loans and Growing Digital Advancements are driving Singapore’s Auto Finance Industry: Ken Research More than half of all sales in the Singapore Automotive Industry are of used vehicles, owing to the country’s high cost of living and a plethora of extra levies. Despite the government’s initiatives aimed at reducing the number of automobiles on the road, there are approximately one million vehicles on Singapore’s roadways. As new automobiles… Read More »
Credit Disbursed from Singapore Auto Finance Industry is expected to witness a CAGR of ~11% during 2020-2025 owing to increase in demand in the post-COVID scenario: Ken Research Buy Now Key Findings Increasing Number of Auto Finance service providers are focussing on improving their Value-Added Services and streamlining their business operations using Big Data, Data Analytics Tools, IoT, AI and others. The rise in private car service financing is driving the Singapore automotive financing market. The objective of car service financing is to… Read More »
Singapore Auto Finance Industry Analysis, Research Report, Evolution, Trends, Growth Drivers, Insights, Forecast, Competition, and Future Outlook: Ken Research Buy Now The Singapore Auto Finance industry is at a growth stage and is increasingly being supported by modern digital infrastructure and huge loan portfolio. The average cost of car loan in the industry is ~2.6% and ~2.7% for a new or used car respectively. Singapore Auto Finance market has grown in the in past… Read More »
The Singapore Auto Finance Market is dominated by Car Financing through Banking Institutions and is driven by digital advancements to ease application processes in the Country: Ken Research 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… Read More »
Singapore Auto Finance Market Research Report, Size, Share, Growth, Future, Competition, Application, Demand, Trends, and Revenue: Ken Research Buy Now The report titled “Singapore Auto Finance Market Outlook to 2025 (Edition II) – Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Polices by the Government” provides a comprehensive analysis on the performance of the Auto Finance industry in Singapore. The report covers various… Read More »
Credit Disbursed from Singapore Auto Finance Industry is expected to witness a CAGR of 8.9% during 2020-2025: Ken Research Singapore hasn’t had a car manufacturing plant since Ford closed its factory several decades ago, effectively ending automobile production on the island owing to which it imports all its cars from other countries. Increasing Number of Auto Finance service providers are focussing on improving their Value Added Services and streamlining their business operations using Big Data,… Read More »
Singapore Auto Finance Market, Auto Finance Industry, Market Revenue, Market Size, Market Shares, Market Future Outlook: Ken Research How Is Singapore Auto Finance Market Positioned? The Singapore Auto Finance industry is at a growth stage and is increasingly being supported by modern digital infrastructure and huge loan portfolio. The average cost of car loan in the industry is ~2.4% and~2.7% for a new or used car respectively. Singapore Auto Finance market has grown… Read More »
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 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… Read More »
