Car Finance Market: Will Generate New Growth Opportunities By 2020 - 2030
Car Finance Market: Introduction According to the report, the global car finance market is projected to reach ~ US$ 3 Trn by 2030, expanding at a CAGR of ~ 4% during the forecast period. Rise in the number of young consumers with low capital at disposal and availability of low interest EMI and zero down-payment schemes are boosting the car finance market. Car finance is highly popular in developed countries such as the U.S., those in Europe, and Japan. Car finance is gaining popularity in developing countries such as Mexico, Brazil, India, and China. Expansion of Car Finance Market Rising consumer awareness regarding various financial options available, such as loan and lease especially in developing regions, is expected to drive the car finance market. Diversification of automakers into newer business domains, such as banking, and offering zero down-payment loans and additional offers for maintenance are boosting the car finance market. Based ...