How big is the United States Car Loan Market?

The United States Car Loan Market size is expected to reach USD 175.86 billion in 2024 and grow at a CAGR of 4.56% to reach USD 219.80 billion by 2029. Read More

What is the current United States Car Loan Market size?

In 2024, the United States Car Loan Market size is expected to reach USD 175.86 billion. Read More

Who are the key players in United States Car Loan Market?

Ally Financial Inc, Bank of America Corporation, Toyota Financial Services, Capital One Financial Corporation and Ford Motor Credit Company are the major companies operating in the United States Car Loan Market. Read More

What years does this United States Car Loan Market cover, and what was the market size in 2023?

In 2023, the United States Car Loan Market size was estimated at USD 167.84 billion. The report covers the United States Car Loan Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Car Loan Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

United States Car Loan Market Share

Statistics for the 2023 & 2024 United States Car Loan market share, created by Mordor Intelligence™ Industry Reports. United States Car Loan share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of United States Car Loan Industry

The competition in the United States car loan market is extremely fragmented. Banks hold a majority share in the lending space for New Vehicles, and Captives dominate the Used Vehicle segment. Car dealerships themselves frequently offer financing options through partnerships with various lending institutions. This can provide customers with convenient one-stop shopping. The following are prominent players in the market: Ally Financial Inc., Bank of America Corporation, Toyota Financial Services, Capital One Financial Corporation, Ford Motor Credit Company, etc.