Philippines Auto Loan Outstanding is Expected to Reach around PHP 1,026.6 Billion by 2024: Ken Research Nissan has expanded its Nissan Finance program to enable more customers in the Philippines to own a Nissan vehicle. In partnership with East West Banking Corporation (EastWest), the sales finance program provides wholesale and retail financing options and loan facility products exclusively for Nissan customers in the Philippines. Entry of Japanese Automakers in the Philippines… Read More »
Philippines Auto Finance Market Future Outlook: Ken Research On the basis of Institution (Banks and Non Banks): We witness that in Philippines, New vehicle loans given by banks amounts to ~ while by non banks they only amounts to ~ Similarly for used vehicles, banks provide ~of loans and non banks provide ~ of the loans. By Tenure of Loan: In Philippines Auto… Read More »
Philippines Auto Finance Market Research Report: Ken Research How Philippines Auto Finance Market Is Positioned? The auto finance market has played an imperative role in the overall GDP (Constant Prices) contribution in the Philippine economy with a value contribution of more than 25% in terms of auto loan outstanding by the end of 2019 (Provisional). The Auto Finance Market in Philippines is fairly… Read More »
Philippine Auto Finance Growth is Driven by Rise in Sales of Used Cars and High Financial Penetration Rate: Ken Research “While oil price in 2020 is expected to linger at a relatively high level, currently in Philippines, there are 28 firms engaged in the manufacturing of various electric vehicles. Complementing these companies are 11 parts and component manufacturers and seven importers. The industry currently provides employment to 14,840 individuals. As the government continues to support… Read More »
Philippines Auto Finance Market Outlook to 2024: Ken Research Analysts at Ken Research in their latest publication “Philippines Auto Finance Market Outlook to 2024- Growing Prominence of Captive Finance and Surge in Used Car Sales Supporting Disbursement for Auto Loans” believe that the market demand is likely to follow a growth trend in the near future due to a forthcoming increase in used cars… Read More »
