France Vehicle Finance Market Outlook to 2027
By Banks and Non-Bank Entities including Captives and Credit Unions and Finance Companies (Auto Loan Portfolio), By New and Used Vehicles, By Type of Vehicle Financed (Passenger Cars and Light Trucks), By Loan Time Period and By Risk Category
January 2023
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About the Report
About the Report
According to Ken Research estimates, the France Car Finance market is growing at a steady rate with a CAGR at ~% owing to the rise in sale of cars. Strong delivery network accompanied by authorized distributors to reach out to customers through both online and offline modes led to an increase in the overall sales of new and used cars in France. Technological advancement, need of owning a personal vehicle and the need to upgrade to newer models are major growth drivers for France's Car Finance Market
Market Overview:
According to Ken Research estimates, the France Car Finance Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~ Bn in 2022 – is forecasted to grow further into USD ~ Bn opportunity by 2027F, owing to the favourable government initiatives, and also strategic partnerships and collaborations with other players.
- Internet penetration has played the most crucial role in elevating the overall demand for used cars across Europe, which has ultimately elevated the demand for used car financing as well.
- Over the long term, excessive investments in autonomous vehicles, as well as prompt financing from dealers, banks, and credit unions, will likely contribute to the automotive financing market's growth.
Key Trends by Market Segment:
By New and Used Vehicles: The Vehicle Finance Market in US is segmented into New and Used Vehicle finance with New Vehicle finance holding a majority share of the total Credit Disbursed in the market in 2018. The major drivers behind the growth include rising sales of new and used vehicles as well as the rising prices of retail models in the market.
By Type of Vehicle (Passenger Cars and Light Trucks): Light Trucks accounted for a major share in the number of vehicles loan in the market, while the share of passenger cars was lower than that of light trucks due to the high level of sales and demand registered by Light Trucks.
Competitive Landscape
In France Car Finance Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The top players are Cetelem, Cofinoga, Floa Bank, Younited Credit, Carrefour Banque. While the market is moderately consolidated, new players are still entering the market and with the opportunities presented by the increasing demand and growth in economy, competition is expected to increase in the coming years.
Future Outlook
The Car Finance market in France is expected to rise from ~ to ~ at a positive CAGR of ~% in future years 2022-2027. Increasing production and sales of light commercial vehicles as well as heavy duty vehicles, primarily for trade transport is expected to propel the demand for automotive finance across France in the coming years.
Scope Of The Report
Scope of the Report
|
By New and Used Vehicle |
New Vehicle Used Vehicle |
|
By Type Vehicle |
Passenger Cars Light Trucks |
|
By Lender Category |
Banks Captives and BHPH Credit Unions Private Finance Companies |
|
By Risk Category between New and Used Vehicles |
Super Prime Prime Non-prime Sub-prime Deep Sub-prime |
|
By Loan Tenure between New and Pre-Owned Motor Vehicles |
Less than 3 Years Three Years Four Years Five Years Six Years Seven Years or more |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Existing Auto Finance Companies
- Banks
- Captive Finance Companies
- Credit Unions
- Private Finance Companies
- New Market Entrants
- Government Organizations
- Investors
- Automobile Associations
- Automobile OEMs
Time Period Captured in the Report
- Historical Year: 2017-2021
- Base Year: 2022
Companies
Major Players Mentioned in the Report
Banks
- Cetelem
- Cofinoga
- Floa Bank
- Younited Credit
- Carrefour Banque
Captives, Credit Unions and Finance Companies
- PSA Banque France
- Hyundai auto finance
- BMW Group Financial Services
- Nissan Motor Acceptance Corporation
- GM Financial
- Credit Acceptance
Table of Contents
Table of Contents
1. Executive Summary
2. France Vehicle Finance Market Overview
2.1 Taxonomy of the France Vehicle Finance Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the France Vehicle Finance Market
2.5 Growth Drivers of the France Vehicle Finance Market
2.6 Issues and Challenges of the France Vehicle Finance Market
2.7 Impact of COVID-19 on the France Vehicle Finance Market
2.8 SWOT Analysis
3. France Vehicle Finance Market Size, 2017 – 2022
4. France Vehicle Finance Market Segmentation
4.1 By Loan Tenure, 2017 - 2022
4.2 By Institution, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 Cetelem
5.3.2 Cofinoga
5.3.3 Floa Bank
5.3.4 Younited Bank
5.3.5 Carrefour Bank
5.3.6 Hyundai Auto Finance
5.3.7 GM Financial
6. France Vehicle Finance Market Future Market Size, 2022 – 2027
7. France Vehicle Finance Future Market Segmentation
7.1 By Loan Tenure, 2022 - 2027
7.2 By Institution, 2027 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on used car and new car over the years, penetration of car finance and down payment ratio to compute overall credit disbursed for cars. We will also review central bank statistics to understand credit disbursed and outstanding amount which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from car finance providers.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The France Car Finance Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
02 What is the Future Growth Rate of the France Car Finance Market?
The France Car Finance Market is expected to witness a CAGR of ~% over the next five years.
03 What are the Key Factors Driving the France Car Finance Market?
Up-scaling technology capabilities, Automotive and Marine Industries are major growth drivers
04 Which is the Major Car type Segment within the France Car Finance Market?
The New Cars type segment holds the largest share of the France Car Finance Market in 2022.
05 Who are the Key Players in the France Car Finance Market?
Cetelem, Cofinoga, Floa Bank, Younited Credit, Carrefour Banque.
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