Need of Owning a Vehicle: During the projected period, the country is likely to give many growth prospects for market vendors. As a result, the market may expand significantly. Another key aspect influencing the region’s auto finance sector is increased customer preference for having a car versus taking public transport. An automobile, which was long considered a prestige symbol, has suddenly become a necessity. The automobile sector has grown at an exponential rate since its start.
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Easy Availability of Credit: Non-banking financial organizations provide automobile financing with less severe loan qualifying standards and flexible payback terms, attracting people to acquire a car. The provision of easy access to credit, generally by a bank or some other type of financial organization, allows consumers to pay the dealer or manufacturer even if they do not have the money, allowing them ownership without paying the whole cost at once.
Launch of New Models: Excessive investments in autonomous vehicles, as well as rapid financing from dealers, banks, and credit unions, will most certainly contribute to the expansion of the automotive finance business in the long run. The expanding practise of upgrading to newer automotive models, which improves vehicle sales and consumer demand for a shorter vehicle cycle, presents opportunities for car financiers. Car dealership buyback schemes and OEM warranty plans that need refinancing will almost certainly provide new opportunities in the automotive financing business.
Analysts at Ken Research in their latest publication “France Car Finance Market Outlook to 2027F” Driven by Growth in easy availability of credit and Rising Sales of vehicles in the Country. The introduction of new models, along with technological advancement in financing and implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The France Car Finance Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.
Key Segments Covered in the report: –
By New and Used Vehicle, 2022 and 2027
- New Vehicle
- Used Vehicle
By Type Vehicle, 2022 and 2027
- Passenger Cars
- Light Trucks
By Lender Category, 2022 and 2027
- Banks
- Captives and BHPH
- Credit Unions
- Private Finance Companies
By Risk Category between New and Used Vehicles, 2022 and 2027
- Super Prime
- Prime
- Non-prime
- Sub-prime
- Deep Sub-rime
By Loan Tenure between New and Pre-Owned Motor Vehicles, 2022 and 2027
- Less than 3 Years
- Three Years
- Four Years
- Five Years
- Six Years
- Seven Years or more
Key Target Audience
- Existing Auto Finance Companies
- Banks
- Captive Finance Companies
- Credit Unions
- Private Finance Companies
- New Market Entrants
- Government Organizations
- Investors
- Automobile Associations
- Automobile OEMs
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Time Period Captured in the Report:
- Historical Period: 2017-2021
- Base Period: 2022
- Forecast Period: 2023-2027F
Companies Covered:
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
Key Topics Covered in the Report
- Executive Summary
- Research Methodology
- France Vehicle Finance Market Evolution
- France Vehicle Finance Market Overview and Genesis
- France Vehicle Finance Market Ecosystem
- France Vehicle Finance Market Value Chain Analysis
- France Vehicle Finance Market Size
- France Vehicle Finance Market Segmentation
- Major Trends and Development in France Vehicle Finance Market
- Regulatory Framework in the France Vehicle Finance Market
- Snapshot on Digitization of Vehicle Finance in France
- Customer Perspective in France Vehicle Finance Market
- Competitive Landscape containing Company and Product Profiles in the France Vehicle Finance Market
- France Vehicle Finance Market Future Outlook and Projections
- Analyst Recommendations for the France Vehicle Finance Market
- Products
For more insights on market intelligence, refer to the link below: –
Future Outlook of France Vehicle Finance Market
Related Reports by Ken Research: –
US Vehicle Finance Market Outlook to 2023
Indonesia Car Finance Market Outlook to 2024
