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 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 »

Singapore Auto Finance Market Outlook to 2025: Ken Research

The report titled “Singapore Auto Finance Market Outlook to 2025- Driven by Green Car Loans, Growing Digital Advancements and Increasing Number of Finance Aggregators” provides a comprehensive analysis on the performance of the Auto Finance industry in Singapore. The report covers various aspects including credit disbursed, trends & developments, issues & challenges faced by the… Read More »