Market Share of Europe Used Car Financing Industry
The market for used car financing in Europe is moderately consolidated. The presence of limited organized and unorganized players has created such a market scenario. Also, most auto manufacturers, apart from offering their own financing, have tie-ups with banks and other financial institutions to offer a wider choice for their customers. But the relatively easier procedures to procure a loan from various NBFCs are expected to tilt the market in their favor. Players are offering better loan rates and discounts, thus creating a firm hold on the market.
Further, key banking companies have consistently regulated their partnerships with OEMs and companies offering used cars in the European marketplace.
Europe Used Car Financing Market Leaders
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Axa Bank Belgium
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Credit Europe Bank NV
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HSBC Holdings plc
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Deutsche Bank AG
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Allianz
*Disclaimer: Major Players sorted in no particular order
