What is the current Automotive Financing Market size?

The Automotive Financing Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029) Read More

Who are the key players in Automotive Financing Market?

Bank of America Corporation, Ally Financial Inc, Hitachi Capital Asia Pacific Pte. Ltd., Toyota Financial Services and Capital One Financial Corporation are the major companies operating in the Automotive Financing Market. Read More

Which is the fastest growing region in Automotive Financing Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Financing Market?

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Financing Market. Read More

What years does this Automotive Financing Market cover?

The report covers the Automotive Financing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Financing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

How is technology Transforming Automotive Financing Market?

Technology is revolutionizing the Automotive Financing Market by enabling seamless online applications, personalized loan offers, and faster approval processes, enhancing customer experience. Read More

Automotive Financing Market Reports | Industry Analysis, Size & Trends

Automotive Finance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Automotive Industry Financial Trends and is Segmented by Type (New Vehicle and Used Vehicle), Source Type (OEMs, Banks, Credit Union, and Financial Institutions), Vehicle Type (Passenger Cars and Commercial Vehicle), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for the market in terms of value (USD billion) for all the above segments.

Automotive Finance Industry Overview

The automotive financing market is fragmented and is in the growth phase. Competition is expected to intensify by the end of the forecast period due to the lucrative opportunities available to various players in the market. The key market players, such as banks, are focusing on strategic partnerships to increase their market share and expand their regional base.

In October 2022, the National Bank of Oman (NBO) invited its partner dealerships and both new and used auto dealers from across Oman to learn more about the bank's car financing options. NBO offers competitive financing starting at just 4.75%, as the bank goes above and beyond to provide hassle-free, competitive financial solutions.