Ecosystem of France Car Finance Market
The France Car Finance Market is moderately consolidated, with the top companies occupying major share. The major players in this market are Cetelem, Cofinoga, Floa Bank, Younited Credit, Carrefour Banque. France Car Finance Market is expanding as a result of increasing automotive sales, technological advancement, and also strategic partnerships and collaborations with other players.
Key Findings
- Car financing penetration across banks has also improved in the last two quarters, with improved turnaround time and a decrease in the rejection rate of loans.
- Car financing penetration across banks has also improved due to increased affordability of the vehicles, rise of NBFCs and captive players in the market.
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Technological Advancement: In recent years, technological innovation has increased demand for the car financing business dramatically. The most notable technologies employed by financial institutions today to deliver the optimum automotive financial services to their clients are block chain, digital payment systems, and online/mobile banking. The number of individuals eager to use these services has progressively increased in recent years, as disposable money has increased among the general public. The traditional techniques of the automobile financing industry were complicated and time-consuming for the ordinary client. Manually processing the application used to take many days. However, because to digitalization, the identical process now takes only a few minutes. Therefore, the customer can easily avail of quick & hassle-free transactions.
Wide Scope of EV and Used Vehicles: Increased investment in the electric segment is also one of the major factors influencing demand for auto finance. Significant momentum in terms of volume sales is predicted with the existence of a supply chain network for used cars in the market. Furthermore, a considerable shift in people's transportation preferences, such as choosing for individual mobility with their own vehicle, is likely to fuel significant market growth.
Increasing Competition: Mounting rivalry in the automobile industry, which stresses operations, tight credit underwriting regulations, risk management, and other parts of the product that need to be redone, is one of the primary problems that may hamper the market's upward expansion.
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
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