Stratistics MRC's report on Global Car Financing Market discusses about driving factors, opportunities, loan provider, finance type, sales network, service type, vehicle, and upcoming challenges.
Car financing includes a wide range of financial products that provide funds to customers to own a car without full payment. There are various financial services available in the car loan categories which are provided by financing companies or specialist car manufacturers. By vehicle, the commercial vehicles segment is expected to grow at a significant market share during the forecast period as these are expensive as compared to other vehicles and therefore various financial institutions and banks have introduced affordable loan schemes with simple terms and conditions. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period as the middle-class households in developing economies have a high demand for car financing.