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Automotive Finance and Leasing for Consumers in Europe 2011
Description:
The report titled Automotive Finance and Leasing for Consumers in Europe delivers comprehensive and in-depth research covering the EUR 202 billion market for private car finance in 26 countries in Europe, namely: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Norway, Netherlands, Poland, Portugal, Romania, Russia, Slovenia, Spain, Sweden, Switzerland, Turkey, the UK and Ukraine.
Based on a survey of 1,385 dealers in these countries and an investigation typically covering between 30 and 40 automotive brands in each territory, the study delivers unique insights into the market for finance and leasing for new and used passenger cars bought by consumers, with fully comparable and standardised data describing market values and volumes. Moreover, The Automotive Financial Services in Europe Model splits this data for each country between point-of-sale finance through dealers and finance provided directly to consumers by lenders.
In addition to this comprehensive market data, the survey results are also used to measure the propensity of dealers to work with non-captive finance and leasing partners as well as captive entities, to identify the leading non-captive providers at the point of sale and to understand relationships between manufacturers or importers and external finance and leasing companies for branded or endorsed consumer finance propositions.
You may be able to use this report and the PartnerBASE™ that accompanies it in one or more of the following ways:
- understand the current size and future potential of the market for automotive finance and leasing for consumers on a Europe-wide basis and, also, how this differs by country;
- appreciate how this opportunity breaks down between finance for new and used cars and between finance provided through dealerships and credit offered directly to consumers;
- benchmark the degree of competitive intensity recorded for distributing consumer finance and leasing services through the point of sale and how this is changing over time;
- identify the foremost competitors in each country, to what extent have international leaders such as BNP Paribas, Crédit Agricole, GE Capital, Raiffeisen International, Santander Consumer Finance, Société Générale, UniCredit and VB Leasing established themselves in each market?
- evaluate the potential for establishing partnerships with manufacturers or importers for branded or endorsed consumer finance and leasing propositions across 26 countries in Europe.
Based on a survey of 1,385 dealers in these countries and an investigation typically covering between 30 and 40 automotive brands in each territory, the study delivers unique insights into the market for finance and leasing for new and used passenger cars bought by consumers, with fully comparable and standardised data describing market values and volumes. Moreover, The Automotive Financial Services in Europe Model splits this data for each country between point-of-sale finance through dealers and finance provided directly to consumers by lenders.
In addition to this comprehensive market data, the survey results are also used to measure the propensity of dealers to work with non-captive finance and leasing partners as well as captive entities, to identify the leading non-captive providers at the point of sale and to understand relationships between manufacturers or importers and external finance and leasing companies for branded or endorsed consumer finance propositions.
You may be able to use this report and the PartnerBASE™ that accompanies it in one or more of the following ways:
- understand the current size and future potential of the market for automotive finance and leasing for consumers on a Europe-wide basis and, also, how this differs by country;
- appreciate how this opportunity breaks down between finance for new and used cars and between finance provided through dealerships and credit offered directly to consumers;
- benchmark the degree of competitive intensity recorded for distributing consumer finance and leasing services through the point of sale and how this is changing over time;
- identify the foremost competitors in each country, to what extent have international leaders such as BNP Paribas, Crédit Agricole, GE Capital, Raiffeisen International, Santander Consumer Finance, Société Générale, UniCredit and VB Leasing established themselves in each market?
- evaluate the potential for establishing partnerships with manufacturers or importers for branded or endorsed consumer finance and leasing propositions across 26 countries in Europe.
Contents:
0.0 EXECUTIVE SUMMARY
In terms of its market value, Italy is ahead of both France and the UK and is behind only Germany
Among buyers of new cars, point-of-sale finance has fallen more rapidly than direct lending
Ireland and Ukraine have seen the most dramatic fall in their markets for consumer finance and leasing whereas four countries managed double digit percentage increases between 2006 and 2010
Overall, dealers were using fewer providers of finance and leasing in 2010 than in 2007 although Russia is a notable exception to this rule
1.0 INTRODUCTION
What is this report about?
The focus of the report is on finance and leasing related to the sale of passenger cars to individuals
Rationale
Financial services provision is crucial to the profitability of automotive entities and extends to a range of insurance, warranty and assistance concepts although published information on these markets remains at a premium
Methodology
Dealer survey
Market data
Definitions
Finance and leasing products
Captives and non-captives
Abbreviations
PartnerBASE™
Finaccord
2.0 EUROPEAN OVERVIEW
Introduction
Passenger vehicle data
Europe’s passenger car parc is characterized by slow but predictable growth
The decline in sales of new cars has been steepest in Eastern and South-Eastern Europe with commercial and fleet buyers falling back even more rapidly than individual customers
The overall decline in sales of used cars has been gentler than that observed for new cars although as a percentage of the total car parc, they have fallen back in all three regions
The top 12 manufacturer groups account for over 90% of sales of new cars which shows that market shares have become more concentrated in recent years partly as a result of the progress made by the leading Korean and Japanese groups
Market size
In terms of the overall number of new credit agreements, eight countries exceeded one million in 2010although this number falls to four nations if direct lenders are excluded
In value terms, the total European market was worth around EUR 202 billion in 2010 of which comfortably over a half was attributable to point-of-sale finance organized through dealers
The value of private car finance in Europe has fallen by almost 13% since its peak in 2007
The reduced availability of point-of-sale and direct credit increases the share of cash-only sales
In 2010, the volume of point-of-sale finance contracts for new cars fell by 13.5% although the share of dealerships in finance provided for used car sales has changed little since 2006
Between 2006 and 2010, direct lenders gained ground slightly against the point of sale
Point-of-sale finance for new cars is worth over a third more than that of direct lending although for used cars it is worth only around 15% more
Survey results
Provision of finance and leasing services is fundamental to the profitability of dealerships
Dealers are most likely to work with a high number of finance providers in Russia and Ukraine
The average number of finance providers used by dealers has decreased in 18 countries
Captive finance providers exert the greatest control over dealerships in Belgium and Germany
Average customer take-up rates at the point of sale are highest for new cars in Slovenia
Dealerships in several major countries have improved their effectiveness as intermediaries since 2004
Average take-up rates of point-of-sale finance are lower among used car buyers in 22 out of 26 countries
Used car dealers in Hungary and Ireland have lost most ground as distributors of finance and leasing
Loans make up more than a half of finance contracts in 19 out of 26 countries
Ireland and the UK are distinguished by the relatively high importance of hire purchase
Although much less common, operational leasing is sometimes an option for small business owners
A clear majority of manufacturer brands possess their own finance schemes in all but one country
3.0 AUSTRIA
Introduction
Passenger vehicle data
New car sales in Austria grew smoothly between 2006 and 2010
Volkswagen remains the largest manufacturing group in the Austrian market
Market size, growth and segmentation
Direct lenders have increased their share of the automotive finance market while the value of point-of-sale finance for used cars has declined
Automotive finance for private customers in Austria is split between three different types of contract
Dealer partnerships
Two providers account for more than half of all non-captive partnerships
Manufacturer brand partnerships
About half of all manufacturers make finance or leasing available on a captive basis
4.0 BELGIUM
Introduction
Passenger vehicle data
New car sales reached a new peak in 2010 though used car sales by dealers are in a long-term decline
Higher-value brands hold a substantial share of the market in Belgium
Market size, growth and segmentation
Point-of-sale finance for new cars has performed well since 2006 though direct loans for used cars have shown no growth over this period
Half of finance contracts are made up of ‘classic’ loans
Dealer partnerships
Van Breda remains the leader, but the credit crisis has taken its toll on Fortis
Manufacturer brand partnerships
GMAC has joined the joint ventures, amid the pressure of the credit crisis
5.0 BULGARIA
Introduction
Passenger vehicle data
New car sales in Bulgaria continued to fall rapidly in 2010
The leading ten manufacturer groups account for almost nine sales out of every ten
Market size, growth and segmentation
Dealers are increasingly important as a source of finance for purchases of used cars although their share of the overall market by value is lower than in 2006
Point-of-sale finance is split between financial leasing and hire purchase agreements
Dealer partnerships
Raiffeisen Leasing and UniCredit Leasing are the leading non-captive providers
Manufacturer brand partnerships
InterLease is the market leader when measured by weighted share of partnerships
6.0 CROATIA
Introduction
Passenger vehicle data
New car sales in Croatia in 2010 are likely to have been less than a half of the total in 2008
The three leading manufacturer groups control almost a half of the passenger car market
Market size, growth and segmentation
The provision of point-of-sale finance for used car purchases has grown since 2006 which has helped Croatian dealerships to offset the sharp decline in sales of new cars
Slightly over a half of the point-of-sale finance market in Croatia is composed of loans
Dealer partnerships
UniCredit holds over 25% of the market through its banking and leasing subsidiaries
Manufacturer brand partnerships
Most manufacturer brands work with two or more preferred partners
4.0 CZECH REPUBLIC
Introduction
Passenger vehicle data
New car sales in the Czech Republic peaked in 2008 while used car sales were at a historical high in 2010
The dominance of the Volkswagen Group is not as strong as in the past
Market size, growth and segmentation
Direct lending for new cars has seen a strong increase since 2006 while the value of point-of-sale finance for new cars is still more significant than for used cars
Leasing is the preferred option for passenger car finance in the Czech Republic
Dealer partnerships
Six providers account for more than 80% of non-captive partnerships
Manufacturer brand partnerships
UniCredit has the second highest share of weighted partnerships
8.0 DENMARK
Introduction
Passenger vehicle data
Consumers in Denmark have a good reason to prefer used to new cars while fleet and business sales kept on growing even during the recession
PSA Peugeot Citroën has become the market leader in Denmark
Market size, growth and segmentation
The volume of point-of-sale finance increased between 2006 and 2010 while it is evenly balanced between loans for new and used cars
Only a minority of automotive finance contracts are attributable to financial or operational leasing
Dealer partnerships
A large number of providers in Denmark compete for non-captive partnerships
Manufacturer brand partnerships
Nordania and Nordea have established themselves as market leaders by weighted ties
9.0 FINLAND
Passenger vehicle data
New car sales in 2010 have recovered slightly from their 2009 nadir while used car sales held up much better during the recession
Volkswagen, Toyota and Ford are the leading manufacturer groups in Finland
Market size, growth and segmentation
The market for passenger car finance has been broadly stable in recent years while point-of-sale lending for used cars is more significant than for new cars
Finnish customers taking out automotive finance contracts prefer loans over leasing
Dealer partnerships
Nordea and OP Pohjola lay claim to the highest shares of partnerships
Manufacturer brand partnerships
Only a minority of manufacturer brands run schemes for finance and leasing
10.0 FRANCE
Introduction
Passenger vehicle data
New car sales in 2010 dipped again in 2010, after a good performance in 2009
Domestic manufacturer groups account for nearly six new car sales out of ten and Fiat was the only other major group to increase market share since 2006
Market size, growth and segmentation
Point-of-sale finance for new cars has been the best part of the market over 2006 to 2010 direct lending for used car sales has been the weakest part, because used car sales have declined and lower average car prices have reduced the value of direct loans further
Loans made up 55% of point-of-sale finance, with the rest divided between three types of leasing
Dealer partnerships
Cetelem and CGI are the dominant finance houses
Manufacturer brand partnerships
Captives dominate the provision of finance for manufacturer brands with Crédit Agricole as the most important non-captive lender
11.0 GERMANY
Introduction
Passenger vehicle data
New car sales in 2010 have dropped after being boosted in 2009 by a scrappage scheme
The car scrappage scheme boosted sales for manufacturers of smaller cars
Market size, growth and segmentation
The declining car market in 2010 hit point-of-sale finance more than direct lenders while 2009 was an exceptional year for new car finance
A clear majority of German customers still prefer ‘classic’ car finance over balloon loans
Dealer partnerships
Santander and BDK have established themselves as key non-captive providers
Manufacturer brand partnerships
It is common to provide car finance on a captive basis in Germany
12.0 GREECE
Introduction
Passenger vehicle data
Since their peak in 2007, new car sales have retreated at an average rate per annum of 18.9%
Manufacturer groups outside of the top ten hold a share of registrations in excess of 15%
Market size, growth and segmentation
Both new and used car finance have contracted at an average annual rate in excess of 10% since 2006
The share of dealers within the overall car finance market fell by almost 4% between 2006 and 2010
Loans account for almost 90% of the point-of-sale car finance market in Greece
Dealer partnerships
Alpha Bank, Ethniki Bank and Emporiki Bank are the three leading non-captives
Manufacturer brand partnerships
Thanks to its captive partnerships, Volkswagen Bank is the leader in weighted terms
13.0 HUNGARY
Introduction
Passenger vehicle data
The market for new cars collapsed between 2007 and 2010 as economic conditions forced consumers to opt for used cars or to forgo car purchases altogether
Suzuki is the single best-selling brand in Hungary
Market size, growth and segmentation
The plunge in Hungarian car sales has had a major impact on point-of-sale passenger car finance while the value of finance for used cars is now higher than for new cars
About one in three automotive finance customers in Hungary take out a financial leasing contract
Dealer partnerships
CIB and Budapest Bank lay claim to the highest shares of non-captive partnerships
Manufacturer brand partnerships
Porsche Bank, Merkantil and MKB together account for more than half of all partnerships
14.0 IRELAND
Introduction
Passenger vehicle data
New car sales remain a long way below the peak of 2007 and the outlook for 2011 is bleak
Toyota was the third-largest manufacturer group in Ireland for 2009
Market size, growth and segmentation
Point-of-sale finance for new cars has collapsed since 2007 with a strong shift to cash sales
Nine finance and leasing contracts out of ten are hire purchase
Dealer partnerships
GE Money, Bank of Scotland and Friends First have retreated from the market
Manufacturer brand partnerships
There are only three providers across all 30 manufacturers brands
15.0 ITALY
Introduction
Passenger vehicle data
New car sales dropped for both individual and commercial customers between 2006 and 2010
Fiat was able to further increase its market share between 2006 and 2009
Market size, growth and segmentation
A higher proportion of car buyers in Italy now pay in cash only than in the past while direct lending has suffered a bit less than point-of-sale finance during the credit crisis
Classic loans dominate the type of contracts taken out by private customers
Dealer partnerships
Close to half of all dealers work with both a captive and non-captive provider
Manufacturer brand partnerships
FGA Capital accounts for more than a third of the weighted provider share of partnerships
16.0 NETHERLANDS
Introduction
Passenger vehicle data
New car sales have nearly recovered to the pre-credit crisis level
The turnover rate on passenger cars is high, resulting in a large used car market
Toyota rose from sixth to third place for new car registrations between 2006 and 2009
Market size, growth and segmentation
Direct lenders have increased their share of the market such that only a quarter of finance and leasing contracts are made at the point of sale
A fall in average car prices has reduced the value of the finance and leasing market
Six different types of finance and leasing product are available including one unique to the Netherlands
Dealer partnerships
ING leads the way in a fragmented market
Manufacturer brand partnerships
Alcredis and Ribank are the leading non-captive partners
17.0 NORWAY
Introduction
Passenger vehicle data
The new car market in Norway bounced back strongly after the downturn while growth in the large market for used cars remained more modest
Volkswagen, Toyota and Ford together account for nearly half the market
Market size, growth and segmentation
Point-of-sale finance has increased its share of the automotive finance market with the share of loans for new and used cars being relatively balanced
Automotive finance for private customers in Norway is split between three different types of contract
Dealer partnerships
DnB NOR and Santander are competing for the largest number of non-captive ties
Manufacturer brand partnerships
Four providers account for over 70% of weighted partnerships in Norway
18.0 POLAND
Introduction
Passenger vehicle data
Poland escaped the global recession as reflected in the growing volume of new and used car sales since 2006
Volkswagen, Fiat and Toyota are the leading manufacturer groups in Poland
Market size, growth and segmentation
Direct lenders in Poland have increased their share of the automotive finance market while the value of point-of-sale finance for used cars has declined
Hire purchase is a popular form of car finance in Poland
Dealer partnerships
A large number of providers compete for non-captive partnerships
Manufacturer brand partnerships
Ties with captive finance arms are the most common operating model
19.0 PORTUGAL
Introduction
Passenger vehicle data
New car sales surged in 2010, despite economic uncertainty and the car parc exceeded 4.5 million vehicles for the first time in 2010
Fiat Group increased its market share by more than 70%, 2006 to 2009
Market size, growth and segmentation
Consumers are taking out more loans directly, at the expense of the dealer channel and point-of-sale loans now make up less than two thirds of the market by value
Three quarters of finance and leasing contracts are loans
Dealer partnerships
Santander Consumer Finance works with a quarter of dealerships
Manufacturer brand partnerships
Finance is provided by captives plus Santander Consumer Finance
20.0 ROMANIA
Introduction
Passenger vehicle data
Imports of second hand cars helped used car sales to peak in 2009 before falling back in 2010
The popularity of the Dacia brand provides Renault Nissan with a market share exceeding one third
Market size, growth and segmentation
Increasing volumes in the used car finance market have helped to offset the decline in new car finance
The share of dealerships in Romania’s car finance market fell by over 15% between 2006 and 2010
Financial leasing accounts for the lion’s share of Romania’s point-of-sale finance market
Dealer partnerships
The research revealed as many as 12 active non-captive competitors
Manufacturer brand partnerships
BRD Finance works alongside two captive entities owned by Renault Nissan
21.0 RUSSIA
Introduction
Passenger vehicle data
New car sales have been highly volatile while sales of used cars have remained on a broadly even keel
Thanks to the Lada brand, AvtoVAZ continues to hold a market share of close to one quarter
Market size, growth and segmentation
In terms of volume, direct lenders outperformed point-of-sale finance between 2006 and 2010 helping them to increase their share of Russia’s car finance market by almost 10%
The vast majority of point-of-sale finance in Russia takes the form of loans
Dealer partnerships
Russia remains Europe’s most fragmented point-of-sale finance market
Manufacturer brand partnerships
Many brands to continue to work with a panel of preferred partners
22.0 SLOVENIA
Introduction
Passenger vehicle data
Slovenia’s car parc exceeded one million passenger vehicles for the first time in 2009
By manufacturer group, Slovenia is one of Europe’s most concentrated markets for new car sales
Market size, growth and segmentation
Dealerships in Slovenia have been successful in increasing their share of car finance volumes which has resulted in a sharp fall in the business available to direct lenders
More than a half of Slovenia’s point-of-sale finance sector is composed of financial leasing
Dealer partnerships
SKB emerges as the strongest competitor in terms of its non-captive presence
Manufacturer brand partnerships
Summit Leasing possesses numerous partnerships with manufacturer brands
23.0 SPAIN
Introduction
Passenger vehicle data
New car sales in 2010 remain far below the levels of the boom years
Seven automotive brands vie for the lead in Spain and Toyota has made the largest gains since 2006
Market size, growth and segmentation
Direct lending for new cars has plummeted since 2006 and point-of-sale finance for used car sales has been the only growth area since 2006
Point-of-sale finance on new cars is worth almost half of the total finance and leasing market
Under 10% of cars are financed using leasing contracts
Dealer partnerships
BBVA and Santander are the leading non-captive providers
Manufacturer brand partnerships
The largest brands have manufacturer captive providers while other brands use a mixture of importers’ captives, joint ventures and single partners
24.0 SWEDEN
Introduction
Passenger vehicle data
New car sales in 2010 have bounced back from the low level recorded in 2009, with fleet sales being the main driver of the recovery
Market shares in the Swedish new car market have undergone profound changes over the last few years
Market size, growth and segmentation
The Swedish market for automotive finance experienced a small decline between 2006 and 2010, while taking out loans from direct lenders remains the preferred option
Automotive finance for private customers in Sweden is split between three different types of contract
Dealer partnerships
DnB NOR has the highest number of partnerships with dealers
Manufacturer brand partnerships
Manufacturer brands commonly work with a single, external partner in Sweden
25.0 SWITZERLAND
Introduction
Passenger vehicle data
Sales for both new and used cars have remained comparatively stable in recent years, while the overall market situation is still characterized by a preference for used cars
Brands of the Volkswagen Group account for almost a quarter of the new car market
Market size, growth and segmentation
The Swiss market for automotive finance is in a similar state as four years ago, while the value of finance contracts taken out at the point of sale is slightly higher than direct lending
Private customers in Switzerland have a preference for financial leasing
Dealer partnerships
Three providers lay claim to more than 75% of non-captive partnerships
Manufacturer brand partnerships
All manufacturer brands offer finance or leasing schemes
26.0 TURKEY
Introduction
Passenger vehicle data
Turkey’s markets for new and used car sales are comparatively resilient
Renault Nissan and Hyundai vie for market leadership in Turkey’s market for new cars
Market size, growth and segmentation
Dealerships expand their share of car finance volumes to the detriment of direct lenders
Point-of-sale gross advances are likely to amount to TRY 6.42 billion by the end of 2010
Point-of-sale finance in Turkey is almost entirely dominated by loans as opposed to leasing
Dealer partnerships
Turkey plays host to around a dozen non-captive competitors
Manufacturer brand partnerships
Koçfinans maintains relationships with multiple manufacturer brands in Turkey
27.0 UK
Introduction
Passenger vehicle data
New car sales in 2010 have recovered slightly from the low level recorded in 2009 but this recovery is due to fleet and business customers, not the retail market
The recession increased the number of competitors in the market through the sale of several brands
Market size, growth and segmentation
The credit crisis has restricted direct lenders’ willingness to compete in this market to the benefit of point-of-sale finance
Point-of-sale finance is split between hire purchase and personal contract plans
Dealer partnerships
Santander and Barclays have risen while Capital Bank and GE Money have sunk
Manufacturer brand partnerships
GMAC has joined the joint ventures, amid the pressure of the credit crisis
28.0 UKRAINE
Introduction
Passenger vehicle data
Sales of new cars plummet below 140,000 in 2010 although the used car market is more resilient
Ukraine is one of Europe’s more fragmented markets for new car registrations
Market size, growth and segmentation
Compared to the 2006 to 2008 period, car finance volumes contracted dramatically in 2009 and 2010 resulting in a market worth no more than UAH 4.58 billion in aggregate
Ukraine’s embattled point-of-sale finance market is almost entirely dominated by loans
Dealer partnerships
Ukraine’s market is almost as fragmented as that of neighbouring Russia
Manufacturer brand partnerships
Index Bank is the leading individual provider by weighted share of partnerships
LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY
The largest four consumer automotive finance and leasing markets account for almost 60% of the pan-European value
Volumes financed through dealers have retreated more rapidly than those bought through direct lending for both new and used cars
Belgium, Norway, Poland and Turkey are the four car finance markets to have bucked the trend most obviously
The average number of providers of finance and leasing used by dealers has fallen in each of the top five markets
1.0 INTRODUCTION
Dealers contacted by Finaccord, segmented by country and manufacturer group affiliation
Manufacturer groups and brands contacted by Finaccord
2.0 EUROPEAN OVERVIEW
Overview of the passenger car parc in Europe, 2006-2010
Overview of new passenger car sales in Europe, 2006-2010
New passenger car sales made to individual customers as a % of total new passenger car sales in Europe, 2006-2010
Overview of used passenger car sales in Europe, 2006-2010
Used passenger car sales as a % of the passenger car parc in Europe, 2006-2010
New car registrations in Europe segmented by region and manufacturer group, 2009 (data)
Volume of new and used passenger cars financed in Europe segmented by country, 2010
Comparison of volume of passenger cars financed in Europe segmented by country and by distribution channel, 2010
Comparison of volume of passenger cars financed in Europe segmented by country and by distribution channel, 2010 (data)
Value of new and used passenger cars financed in Europe segmented by country, 2010
Comparison of value of passenger cars financed in Europe segmented by country and by distribution channel, 2010
Comparison of value of passenger cars financed in Europe segmented by country and by distribution channel, 2010 (data)
Key data points for the passenger car finance market in Europe segmented by distribution channel: volumes and values, 2006-2010
Total passenger car finance market in Europe segmented by distribution channel: volumes, 2006-
Total passenger car finance market in Europe segmented by distribution channel: values, 2006-2010
Comparison of % of dealers offering finance / leasing at the point of sale in Europe, 2010
Comparison of average number of providers used by dealers offering finance / leasing at the point of sale in Europe, 2010
Comparison of average number of providers used by dealers offering finance / leasing at the point of sale in Europe, 2004-2007-2010 (data)
Comparison of captive / non-captive operating models used by dealers offering finance / leasing at the point of sale in Europe, 2010
Comparison of captive / non-captive operating models used by dealers offering finance / leasing at the point of sale in Europe, 2010 (data)
Comparison of average % of new car purchasers contracting finance / leasing services at the point of sale in Europe, 2010
Comparison of average % of new car purchasers contracting finance / leasing services at the point of sale in Europe, 2004-2007-2010 (data)
Comparison of average % of used car purchasers contracting finance / leasing services at the point of sale in Europe, 2010
Comparison of average % of used car purchasers contracting finance / leasing services at the point of sale in Europe, 2004-2007-2010 (data)
% of split of consumer automotive finance at the point of sale by type of product in Europe, 2010
% of split of consumer automotive finance at the point of sale by type of product in Europe, 2010 (data)
Comparison of % of manufacturers / importers with arrangements for branded finance / leasing services in Europe, 2010
3.0 AUSTRIA
Passenger car parc and new / used passenger car sales in Austria, 2006-2010
Passenger car parc and new / used passenger car sales in Austria, 2006-2010 (data)
New car registrations in Austria segmented by manufacturer group, 2009
New / used passenger car finance market in Austria segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Austria segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Austria segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Austria by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Austria, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Austria, 2010
4.0 BELGIUM
Passenger car parc and new / used passenger car sales in Belgium, 2006-2010
Passenger car parc and new / used passenger car sales in Belgium, 2006-2010
New car registrations in Belgium segmented by manufacturer group, 2009
New / used passenger car finance market in Belgium segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Belgium segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Belgium segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Belgium by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Belgium, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Belgium, 2010
5.0 BULGARIA
Passenger car parc and new / used passenger car sales in Bulgaria, 2006-2010
Passenger car parc and new / used passenger car sales in Bulgaria, 2006-2010 (data)
New car registrations in Bulgaria segmented by manufacturer group, 2009
New / used passenger car finance market in Bulgaria segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Bulgaria segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Bulgaria, 2006-2010
% of split of automotive finance at the point of sale in Bulgaria by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Bulgaria, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Bulgaria, 2010
6.0 CROATIA
Passenger car parc and new / used passenger car sales in Croatia, 2006-2010
Passenger car parc and new / used passenger car sales in Croatia, 2006-2010 (data)
New car registrations in Croatia segmented by manufacturer group, 2009
New / used passenger car finance market in Croatia segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Croatia segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Croatia, 2006-2010
% of split of automotive finance at the point of sale in Croatia by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Croatia, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Croatia, 2010
7.0 CZECH REPUBLIC
Passenger car parc and new / used passenger car sales in the Czech Republic, 2006-2010
Passenger car parc and new / used passenger car sales in the Czech Republic, 2006-2010 (data)
New car registrations in the Czech Republic segmented by manufacturer group, 2009
New / used passenger car finance market in the Czech Republic segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in the Czech Republic segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in the Czech Republic segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in the Czech Republic by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in the Czech Republic, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in the Czech Republic, 2010
8.0 DENMARK
Passenger car parc and new / used passenger car sales in Denmark, 2006-2010
Passenger car parc and new / used passenger car sales in Denmark, 2006-2010 (data)
New car registrations in Denmark segmented by manufacturer group, 2009
New / used passenger car finance market in Denmark segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Denmark segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Denmark segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Denmark by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Denmark, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Denmark, 2010
9.0 FINLAND
Passenger car parc and new / used passenger car sales in Finland, 2006-2010
Passenger car parc and new / used passenger car sales in Finland, 2006-2010 (data)
New car registrations in Finland segmented by manufacturer group, 2009
New / used passenger car finance market in Finland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Finland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Finland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Finland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Finland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Finland, 2010
10.0 FRANCE
Passenger car parc and new / used passenger car sales in France, 2006-2010
Passenger car parc and new / used passenger car sales in France, 2006-2010 (data)
New car registrations in France segmented by manufacturer group, 2009
New / used passenger car finance market in France segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in France segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in France segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in France by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in France, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in France, 2010
11.0 GERMANY
Passenger car parc and new / used passenger car sales in Germany, 2006-2010
Passenger car parc and new / used passenger car sales in Germany, 2006-2010 (data)
New car registrations in Germany segmented by manufacturer group, 2009
New / used passenger car finance market in Germany segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Germany segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Germany segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Germany by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Germany, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Germany, 2010
12.0 GREECE
Passenger car parc and new / used passenger car sales in Greece, 2006-2010
Passenger car parc and new / used passenger car sales in Greece, 2006-2010 (data)
New car registrations in Greece segmented by manufacturer group, 2009
New / used passenger car finance market in Greece segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Greece segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Greece, 2006-2010
% of split of automotive finance at the point of sale in Greece by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Greece, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Greece, 2010
13.0 HUNGARY
Passenger car parc and new / used passenger car sales in Hungary, 2006-2010
Passenger car parc and new / used passenger car sales in Hungary, 2006-2010 (data)
New car registrations in Hungary segmented by manufacturer group, 2009
New / used passenger car finance market in Hungary segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Hungary segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Hungary segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Hungary by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Hungary, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Hungary, 2010
14.0 IRELAND
Passenger car parc and new / used passenger car sales in Ireland, 2006-2010
Passenger car parc and new / used passenger car sales in Ireland, 2006-2010
New car registrations in Ireland segmented by manufacturer group, 2009
New / used passenger car finance market in Ireland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Ireland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Ireland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Ireland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Ireland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Ireland 2010
15.0 ITALY
Passenger car parc and new / used passenger car sales in Italy, 2006-2010
Passenger car parc and new / used passenger car sales in Italy, 2006-2010 (data)
New car registrations in Italy segmented by manufacturer group, 2009
New / used passenger car finance market in Italy segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Italy segmented by distribution channel: values, 2006-
New / used passenger car finance market in Italy segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Italy by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Italy, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Italy, 2010
16.0 NETHERLANDS
Passenger car parc and new / used passenger car sales in the Netherlands, 2006-2010
Passenger car parc and new / used passenger car sales in the Netherlands, 2006-2010
New car registrations in the Netherlands segmented by manufacturer group, 2009
New / used passenger car finance market in the Netherlands segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in the Netherlands segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in the Netherlands segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in the Netherlands by type of finance contract,
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in the Netherlands, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in the Netherlands, 2010
17.0 NORWAY
Passenger car parc and new / used passenger car sales in Norway, 2006-2010
Passenger car parc and new / used passenger car sales in Norway, 2006-2010 (data)
New car registrations in Norway segmented by manufacturer group, 2009
New / used passenger car finance market in Norway segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Norway segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Norway segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Norway by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Norway, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Norway, 2010
18.0 POLAND
Passenger car parc and new / used passenger car sales in Poland, 2006-2010
Passenger car parc and new / used passenger car sales in Poland, 2006-2010 (data)
New car registrations in Poland segmented by manufacturer group, 2009
New / used passenger car finance market in Poland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Poland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Poland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Poland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Poland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Poland, 2010
19.0 PORTUGAL
Passenger car parc and new / used passenger car sales in Portugal, 2006-2010
Passenger car parc and new / used passenger car sales in Portugal, 2006-2010
New car registrations in Portugal segmented by manufacturer group, 2009
New / used passenger car finance market in Portugal segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Portugal segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Portugal segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Portugal by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Portugal, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Portugal, 2010
20.0 ROMANIA
Passenger car parc and new / used passenger car sales in Romania, 2006-2010
Passenger car parc and new / used passenger car sales in Romania, 2006-2010 (data)
New car registrations in Romania segmented by manufacturer group, 2009
New / used passenger car finance market in Romania segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Romania segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Romania, 2006-2010
% of split of automotive finance at the point of sale in Romania by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Romania, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Romania, 2010
21.0 RUSSIA
Passenger car parc and new / used passenger car sales in Russia, 2006-2010
Passenger car parc and new / used passenger car sales in Russia, 2006-2010 (data)
New car registrations in Russia segmented by manufacturer group, 2009
New / used passenger car finance market in Russia segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Russia segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Russia, 2006-2010
% of split of automotive finance at the point of sale in Russia by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Russia, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Russia, 2010
22.0 SLOVENIA
Passenger car parc and new / used passenger car sales in Slovenia, 2006-2010
Passenger car parc and new / used passenger car sales in Slovenia, 2006-2010 (data)
New car registrations in Slovenia segmented by manufacturer group, 2009
New / used passenger car finance market in Slovenia segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Slovenia segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Slovenia, 2006-2010
% of split of automotive finance at the point of sale in Slovenia by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Slovenia, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Slovenia, 2010
23.0 SPAIN
Passenger car parc and new / used passenger car sales in Spain, 2006-2010
Passenger car parc and new / used passenger car sales in Spain, 2006-2010 (data)
New car registrations in Spain segmented by manufacturer group, 2009
New / used passenger car finance market in Spain segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Spain segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Spain segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Spain by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Spain, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Spain, 2010
24.0 SWEDEN
Passenger car parc and new / used passenger car sales in Sweden, 2006-2010
Passenger car parc and new / used passenger car sales in Sweden, 2006-2010 (data)
New car registrations in Sweden segmented by manufacturer group, 2009
New / used passenger car finance market in Sweden segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Sweden segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Sweden segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Sweden by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Sweden, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Sweden, 2010
25.0 SWITZERLAND
Passenger car parc and new / used passenger car sales in Switzerland, 2006-2010
Passenger car parc and new / used passenger car sales in Switzerland, 2006-2010 (data)
New car registrations in Switzerland segmented by manufacturer group, 2009
New / used passenger car finance market in Switzerland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Switzerland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Switzerland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Switzerland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Switzerland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Switzerland, 2010
26.0 TURKEY
Passenger car parc and new / used passenger car sales in Turkey, 2006-2010
Passenger car parc and new / used passenger car sales in Turkey, 2006-2010 (data)
New car registrations in Turkey segmented by manufacturer group, 2009
New / used passenger car finance market in Turkey segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Turkey segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Turkey, 2006-2010
% of split of automotive finance at the point of sale in Turkey by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Turkey, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Turkey, 2010
27.0 UK
Passenger car parc and new / used passenger car sales in the UK, 2006-2010
Passenger car parc and new / used passenger car sales in the UK, 2006-2010 (data)
New car registrations in the UK segmented by manufacturer group, 2009
New / used passenger car finance market in the UK segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in the UK segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in the UK segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in the UK by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in the UK, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in the UK, 2010
28.0 UKRAINE
Passenger car parc and new / used passenger car sales in Ukraine, 2006-2010
Passenger car parc and new / used passenger car sales in Ukraine, 2006-2010 (data)
New car registrations in Ukraine segmented by manufacturer group, 2009
New / used passenger car finance market in Ukraine segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Ukraine segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Ukraine, 2006-2010
% of split of automotive finance at the point of sale in Ukraine by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Ukraine, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Ukraine,
In terms of its market value, Italy is ahead of both France and the UK and is behind only Germany
Among buyers of new cars, point-of-sale finance has fallen more rapidly than direct lending
Ireland and Ukraine have seen the most dramatic fall in their markets for consumer finance and leasing whereas four countries managed double digit percentage increases between 2006 and 2010
Overall, dealers were using fewer providers of finance and leasing in 2010 than in 2007 although Russia is a notable exception to this rule
1.0 INTRODUCTION
What is this report about?
The focus of the report is on finance and leasing related to the sale of passenger cars to individuals
Rationale
Financial services provision is crucial to the profitability of automotive entities and extends to a range of insurance, warranty and assistance concepts although published information on these markets remains at a premium
Methodology
Dealer survey
Market data
Definitions
Finance and leasing products
Captives and non-captives
Abbreviations
PartnerBASE™
Finaccord
2.0 EUROPEAN OVERVIEW
Introduction
Passenger vehicle data
Europe’s passenger car parc is characterized by slow but predictable growth
The decline in sales of new cars has been steepest in Eastern and South-Eastern Europe with commercial and fleet buyers falling back even more rapidly than individual customers
The overall decline in sales of used cars has been gentler than that observed for new cars although as a percentage of the total car parc, they have fallen back in all three regions
The top 12 manufacturer groups account for over 90% of sales of new cars which shows that market shares have become more concentrated in recent years partly as a result of the progress made by the leading Korean and Japanese groups
Market size
In terms of the overall number of new credit agreements, eight countries exceeded one million in 2010although this number falls to four nations if direct lenders are excluded
In value terms, the total European market was worth around EUR 202 billion in 2010 of which comfortably over a half was attributable to point-of-sale finance organized through dealers
The value of private car finance in Europe has fallen by almost 13% since its peak in 2007
The reduced availability of point-of-sale and direct credit increases the share of cash-only sales
In 2010, the volume of point-of-sale finance contracts for new cars fell by 13.5% although the share of dealerships in finance provided for used car sales has changed little since 2006
Between 2006 and 2010, direct lenders gained ground slightly against the point of sale
Point-of-sale finance for new cars is worth over a third more than that of direct lending although for used cars it is worth only around 15% more
Survey results
Provision of finance and leasing services is fundamental to the profitability of dealerships
Dealers are most likely to work with a high number of finance providers in Russia and Ukraine
The average number of finance providers used by dealers has decreased in 18 countries
Captive finance providers exert the greatest control over dealerships in Belgium and Germany
Average customer take-up rates at the point of sale are highest for new cars in Slovenia
Dealerships in several major countries have improved their effectiveness as intermediaries since 2004
Average take-up rates of point-of-sale finance are lower among used car buyers in 22 out of 26 countries
Used car dealers in Hungary and Ireland have lost most ground as distributors of finance and leasing
Loans make up more than a half of finance contracts in 19 out of 26 countries
Ireland and the UK are distinguished by the relatively high importance of hire purchase
Although much less common, operational leasing is sometimes an option for small business owners
A clear majority of manufacturer brands possess their own finance schemes in all but one country
3.0 AUSTRIA
Introduction
Passenger vehicle data
New car sales in Austria grew smoothly between 2006 and 2010
Volkswagen remains the largest manufacturing group in the Austrian market
Market size, growth and segmentation
Direct lenders have increased their share of the automotive finance market while the value of point-of-sale finance for used cars has declined
Automotive finance for private customers in Austria is split between three different types of contract
Dealer partnerships
Two providers account for more than half of all non-captive partnerships
Manufacturer brand partnerships
About half of all manufacturers make finance or leasing available on a captive basis
4.0 BELGIUM
Introduction
Passenger vehicle data
New car sales reached a new peak in 2010 though used car sales by dealers are in a long-term decline
Higher-value brands hold a substantial share of the market in Belgium
Market size, growth and segmentation
Point-of-sale finance for new cars has performed well since 2006 though direct loans for used cars have shown no growth over this period
Half of finance contracts are made up of ‘classic’ loans
Dealer partnerships
Van Breda remains the leader, but the credit crisis has taken its toll on Fortis
Manufacturer brand partnerships
GMAC has joined the joint ventures, amid the pressure of the credit crisis
5.0 BULGARIA
Introduction
Passenger vehicle data
New car sales in Bulgaria continued to fall rapidly in 2010
The leading ten manufacturer groups account for almost nine sales out of every ten
Market size, growth and segmentation
Dealers are increasingly important as a source of finance for purchases of used cars although their share of the overall market by value is lower than in 2006
Point-of-sale finance is split between financial leasing and hire purchase agreements
Dealer partnerships
Raiffeisen Leasing and UniCredit Leasing are the leading non-captive providers
Manufacturer brand partnerships
InterLease is the market leader when measured by weighted share of partnerships
6.0 CROATIA
Introduction
Passenger vehicle data
New car sales in Croatia in 2010 are likely to have been less than a half of the total in 2008
The three leading manufacturer groups control almost a half of the passenger car market
Market size, growth and segmentation
The provision of point-of-sale finance for used car purchases has grown since 2006 which has helped Croatian dealerships to offset the sharp decline in sales of new cars
Slightly over a half of the point-of-sale finance market in Croatia is composed of loans
Dealer partnerships
UniCredit holds over 25% of the market through its banking and leasing subsidiaries
Manufacturer brand partnerships
Most manufacturer brands work with two or more preferred partners
4.0 CZECH REPUBLIC
Introduction
Passenger vehicle data
New car sales in the Czech Republic peaked in 2008 while used car sales were at a historical high in 2010
The dominance of the Volkswagen Group is not as strong as in the past
Market size, growth and segmentation
Direct lending for new cars has seen a strong increase since 2006 while the value of point-of-sale finance for new cars is still more significant than for used cars
Leasing is the preferred option for passenger car finance in the Czech Republic
Dealer partnerships
Six providers account for more than 80% of non-captive partnerships
Manufacturer brand partnerships
UniCredit has the second highest share of weighted partnerships
8.0 DENMARK
Introduction
Passenger vehicle data
Consumers in Denmark have a good reason to prefer used to new cars while fleet and business sales kept on growing even during the recession
PSA Peugeot Citroën has become the market leader in Denmark
Market size, growth and segmentation
The volume of point-of-sale finance increased between 2006 and 2010 while it is evenly balanced between loans for new and used cars
Only a minority of automotive finance contracts are attributable to financial or operational leasing
Dealer partnerships
A large number of providers in Denmark compete for non-captive partnerships
Manufacturer brand partnerships
Nordania and Nordea have established themselves as market leaders by weighted ties
9.0 FINLAND
Passenger vehicle data
New car sales in 2010 have recovered slightly from their 2009 nadir while used car sales held up much better during the recession
Volkswagen, Toyota and Ford are the leading manufacturer groups in Finland
Market size, growth and segmentation
The market for passenger car finance has been broadly stable in recent years while point-of-sale lending for used cars is more significant than for new cars
Finnish customers taking out automotive finance contracts prefer loans over leasing
Dealer partnerships
Nordea and OP Pohjola lay claim to the highest shares of partnerships
Manufacturer brand partnerships
Only a minority of manufacturer brands run schemes for finance and leasing
10.0 FRANCE
Introduction
Passenger vehicle data
New car sales in 2010 dipped again in 2010, after a good performance in 2009
Domestic manufacturer groups account for nearly six new car sales out of ten and Fiat was the only other major group to increase market share since 2006
Market size, growth and segmentation
Point-of-sale finance for new cars has been the best part of the market over 2006 to 2010 direct lending for used car sales has been the weakest part, because used car sales have declined and lower average car prices have reduced the value of direct loans further
Loans made up 55% of point-of-sale finance, with the rest divided between three types of leasing
Dealer partnerships
Cetelem and CGI are the dominant finance houses
Manufacturer brand partnerships
Captives dominate the provision of finance for manufacturer brands with Crédit Agricole as the most important non-captive lender
11.0 GERMANY
Introduction
Passenger vehicle data
New car sales in 2010 have dropped after being boosted in 2009 by a scrappage scheme
The car scrappage scheme boosted sales for manufacturers of smaller cars
Market size, growth and segmentation
The declining car market in 2010 hit point-of-sale finance more than direct lenders while 2009 was an exceptional year for new car finance
A clear majority of German customers still prefer ‘classic’ car finance over balloon loans
Dealer partnerships
Santander and BDK have established themselves as key non-captive providers
Manufacturer brand partnerships
It is common to provide car finance on a captive basis in Germany
12.0 GREECE
Introduction
Passenger vehicle data
Since their peak in 2007, new car sales have retreated at an average rate per annum of 18.9%
Manufacturer groups outside of the top ten hold a share of registrations in excess of 15%
Market size, growth and segmentation
Both new and used car finance have contracted at an average annual rate in excess of 10% since 2006
The share of dealers within the overall car finance market fell by almost 4% between 2006 and 2010
Loans account for almost 90% of the point-of-sale car finance market in Greece
Dealer partnerships
Alpha Bank, Ethniki Bank and Emporiki Bank are the three leading non-captives
Manufacturer brand partnerships
Thanks to its captive partnerships, Volkswagen Bank is the leader in weighted terms
13.0 HUNGARY
Introduction
Passenger vehicle data
The market for new cars collapsed between 2007 and 2010 as economic conditions forced consumers to opt for used cars or to forgo car purchases altogether
Suzuki is the single best-selling brand in Hungary
Market size, growth and segmentation
The plunge in Hungarian car sales has had a major impact on point-of-sale passenger car finance while the value of finance for used cars is now higher than for new cars
About one in three automotive finance customers in Hungary take out a financial leasing contract
Dealer partnerships
CIB and Budapest Bank lay claim to the highest shares of non-captive partnerships
Manufacturer brand partnerships
Porsche Bank, Merkantil and MKB together account for more than half of all partnerships
14.0 IRELAND
Introduction
Passenger vehicle data
New car sales remain a long way below the peak of 2007 and the outlook for 2011 is bleak
Toyota was the third-largest manufacturer group in Ireland for 2009
Market size, growth and segmentation
Point-of-sale finance for new cars has collapsed since 2007 with a strong shift to cash sales
Nine finance and leasing contracts out of ten are hire purchase
Dealer partnerships
GE Money, Bank of Scotland and Friends First have retreated from the market
Manufacturer brand partnerships
There are only three providers across all 30 manufacturers brands
15.0 ITALY
Introduction
Passenger vehicle data
New car sales dropped for both individual and commercial customers between 2006 and 2010
Fiat was able to further increase its market share between 2006 and 2009
Market size, growth and segmentation
A higher proportion of car buyers in Italy now pay in cash only than in the past while direct lending has suffered a bit less than point-of-sale finance during the credit crisis
Classic loans dominate the type of contracts taken out by private customers
Dealer partnerships
Close to half of all dealers work with both a captive and non-captive provider
Manufacturer brand partnerships
FGA Capital accounts for more than a third of the weighted provider share of partnerships
16.0 NETHERLANDS
Introduction
Passenger vehicle data
New car sales have nearly recovered to the pre-credit crisis level
The turnover rate on passenger cars is high, resulting in a large used car market
Toyota rose from sixth to third place for new car registrations between 2006 and 2009
Market size, growth and segmentation
Direct lenders have increased their share of the market such that only a quarter of finance and leasing contracts are made at the point of sale
A fall in average car prices has reduced the value of the finance and leasing market
Six different types of finance and leasing product are available including one unique to the Netherlands
Dealer partnerships
ING leads the way in a fragmented market
Manufacturer brand partnerships
Alcredis and Ribank are the leading non-captive partners
17.0 NORWAY
Introduction
Passenger vehicle data
The new car market in Norway bounced back strongly after the downturn while growth in the large market for used cars remained more modest
Volkswagen, Toyota and Ford together account for nearly half the market
Market size, growth and segmentation
Point-of-sale finance has increased its share of the automotive finance market with the share of loans for new and used cars being relatively balanced
Automotive finance for private customers in Norway is split between three different types of contract
Dealer partnerships
DnB NOR and Santander are competing for the largest number of non-captive ties
Manufacturer brand partnerships
Four providers account for over 70% of weighted partnerships in Norway
18.0 POLAND
Introduction
Passenger vehicle data
Poland escaped the global recession as reflected in the growing volume of new and used car sales since 2006
Volkswagen, Fiat and Toyota are the leading manufacturer groups in Poland
Market size, growth and segmentation
Direct lenders in Poland have increased their share of the automotive finance market while the value of point-of-sale finance for used cars has declined
Hire purchase is a popular form of car finance in Poland
Dealer partnerships
A large number of providers compete for non-captive partnerships
Manufacturer brand partnerships
Ties with captive finance arms are the most common operating model
19.0 PORTUGAL
Introduction
Passenger vehicle data
New car sales surged in 2010, despite economic uncertainty and the car parc exceeded 4.5 million vehicles for the first time in 2010
Fiat Group increased its market share by more than 70%, 2006 to 2009
Market size, growth and segmentation
Consumers are taking out more loans directly, at the expense of the dealer channel and point-of-sale loans now make up less than two thirds of the market by value
Three quarters of finance and leasing contracts are loans
Dealer partnerships
Santander Consumer Finance works with a quarter of dealerships
Manufacturer brand partnerships
Finance is provided by captives plus Santander Consumer Finance
20.0 ROMANIA
Introduction
Passenger vehicle data
Imports of second hand cars helped used car sales to peak in 2009 before falling back in 2010
The popularity of the Dacia brand provides Renault Nissan with a market share exceeding one third
Market size, growth and segmentation
Increasing volumes in the used car finance market have helped to offset the decline in new car finance
The share of dealerships in Romania’s car finance market fell by over 15% between 2006 and 2010
Financial leasing accounts for the lion’s share of Romania’s point-of-sale finance market
Dealer partnerships
The research revealed as many as 12 active non-captive competitors
Manufacturer brand partnerships
BRD Finance works alongside two captive entities owned by Renault Nissan
21.0 RUSSIA
Introduction
Passenger vehicle data
New car sales have been highly volatile while sales of used cars have remained on a broadly even keel
Thanks to the Lada brand, AvtoVAZ continues to hold a market share of close to one quarter
Market size, growth and segmentation
In terms of volume, direct lenders outperformed point-of-sale finance between 2006 and 2010 helping them to increase their share of Russia’s car finance market by almost 10%
The vast majority of point-of-sale finance in Russia takes the form of loans
Dealer partnerships
Russia remains Europe’s most fragmented point-of-sale finance market
Manufacturer brand partnerships
Many brands to continue to work with a panel of preferred partners
22.0 SLOVENIA
Introduction
Passenger vehicle data
Slovenia’s car parc exceeded one million passenger vehicles for the first time in 2009
By manufacturer group, Slovenia is one of Europe’s most concentrated markets for new car sales
Market size, growth and segmentation
Dealerships in Slovenia have been successful in increasing their share of car finance volumes which has resulted in a sharp fall in the business available to direct lenders
More than a half of Slovenia’s point-of-sale finance sector is composed of financial leasing
Dealer partnerships
SKB emerges as the strongest competitor in terms of its non-captive presence
Manufacturer brand partnerships
Summit Leasing possesses numerous partnerships with manufacturer brands
23.0 SPAIN
Introduction
Passenger vehicle data
New car sales in 2010 remain far below the levels of the boom years
Seven automotive brands vie for the lead in Spain and Toyota has made the largest gains since 2006
Market size, growth and segmentation
Direct lending for new cars has plummeted since 2006 and point-of-sale finance for used car sales has been the only growth area since 2006
Point-of-sale finance on new cars is worth almost half of the total finance and leasing market
Under 10% of cars are financed using leasing contracts
Dealer partnerships
BBVA and Santander are the leading non-captive providers
Manufacturer brand partnerships
The largest brands have manufacturer captive providers while other brands use a mixture of importers’ captives, joint ventures and single partners
24.0 SWEDEN
Introduction
Passenger vehicle data
New car sales in 2010 have bounced back from the low level recorded in 2009, with fleet sales being the main driver of the recovery
Market shares in the Swedish new car market have undergone profound changes over the last few years
Market size, growth and segmentation
The Swedish market for automotive finance experienced a small decline between 2006 and 2010, while taking out loans from direct lenders remains the preferred option
Automotive finance for private customers in Sweden is split between three different types of contract
Dealer partnerships
DnB NOR has the highest number of partnerships with dealers
Manufacturer brand partnerships
Manufacturer brands commonly work with a single, external partner in Sweden
25.0 SWITZERLAND
Introduction
Passenger vehicle data
Sales for both new and used cars have remained comparatively stable in recent years, while the overall market situation is still characterized by a preference for used cars
Brands of the Volkswagen Group account for almost a quarter of the new car market
Market size, growth and segmentation
The Swiss market for automotive finance is in a similar state as four years ago, while the value of finance contracts taken out at the point of sale is slightly higher than direct lending
Private customers in Switzerland have a preference for financial leasing
Dealer partnerships
Three providers lay claim to more than 75% of non-captive partnerships
Manufacturer brand partnerships
All manufacturer brands offer finance or leasing schemes
26.0 TURKEY
Introduction
Passenger vehicle data
Turkey’s markets for new and used car sales are comparatively resilient
Renault Nissan and Hyundai vie for market leadership in Turkey’s market for new cars
Market size, growth and segmentation
Dealerships expand their share of car finance volumes to the detriment of direct lenders
Point-of-sale gross advances are likely to amount to TRY 6.42 billion by the end of 2010
Point-of-sale finance in Turkey is almost entirely dominated by loans as opposed to leasing
Dealer partnerships
Turkey plays host to around a dozen non-captive competitors
Manufacturer brand partnerships
Koçfinans maintains relationships with multiple manufacturer brands in Turkey
27.0 UK
Introduction
Passenger vehicle data
New car sales in 2010 have recovered slightly from the low level recorded in 2009 but this recovery is due to fleet and business customers, not the retail market
The recession increased the number of competitors in the market through the sale of several brands
Market size, growth and segmentation
The credit crisis has restricted direct lenders’ willingness to compete in this market to the benefit of point-of-sale finance
Point-of-sale finance is split between hire purchase and personal contract plans
Dealer partnerships
Santander and Barclays have risen while Capital Bank and GE Money have sunk
Manufacturer brand partnerships
GMAC has joined the joint ventures, amid the pressure of the credit crisis
28.0 UKRAINE
Introduction
Passenger vehicle data
Sales of new cars plummet below 140,000 in 2010 although the used car market is more resilient
Ukraine is one of Europe’s more fragmented markets for new car registrations
Market size, growth and segmentation
Compared to the 2006 to 2008 period, car finance volumes contracted dramatically in 2009 and 2010 resulting in a market worth no more than UAH 4.58 billion in aggregate
Ukraine’s embattled point-of-sale finance market is almost entirely dominated by loans
Dealer partnerships
Ukraine’s market is almost as fragmented as that of neighbouring Russia
Manufacturer brand partnerships
Index Bank is the leading individual provider by weighted share of partnerships
LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY
The largest four consumer automotive finance and leasing markets account for almost 60% of the pan-European value
Volumes financed through dealers have retreated more rapidly than those bought through direct lending for both new and used cars
Belgium, Norway, Poland and Turkey are the four car finance markets to have bucked the trend most obviously
The average number of providers of finance and leasing used by dealers has fallen in each of the top five markets
1.0 INTRODUCTION
Dealers contacted by Finaccord, segmented by country and manufacturer group affiliation
Manufacturer groups and brands contacted by Finaccord
2.0 EUROPEAN OVERVIEW
Overview of the passenger car parc in Europe, 2006-2010
Overview of new passenger car sales in Europe, 2006-2010
New passenger car sales made to individual customers as a % of total new passenger car sales in Europe, 2006-2010
Overview of used passenger car sales in Europe, 2006-2010
Used passenger car sales as a % of the passenger car parc in Europe, 2006-2010
New car registrations in Europe segmented by region and manufacturer group, 2009 (data)
Volume of new and used passenger cars financed in Europe segmented by country, 2010
Comparison of volume of passenger cars financed in Europe segmented by country and by distribution channel, 2010
Comparison of volume of passenger cars financed in Europe segmented by country and by distribution channel, 2010 (data)
Value of new and used passenger cars financed in Europe segmented by country, 2010
Comparison of value of passenger cars financed in Europe segmented by country and by distribution channel, 2010
Comparison of value of passenger cars financed in Europe segmented by country and by distribution channel, 2010 (data)
Key data points for the passenger car finance market in Europe segmented by distribution channel: volumes and values, 2006-2010
Total passenger car finance market in Europe segmented by distribution channel: volumes, 2006-
Total passenger car finance market in Europe segmented by distribution channel: values, 2006-2010
Comparison of % of dealers offering finance / leasing at the point of sale in Europe, 2010
Comparison of average number of providers used by dealers offering finance / leasing at the point of sale in Europe, 2010
Comparison of average number of providers used by dealers offering finance / leasing at the point of sale in Europe, 2004-2007-2010 (data)
Comparison of captive / non-captive operating models used by dealers offering finance / leasing at the point of sale in Europe, 2010
Comparison of captive / non-captive operating models used by dealers offering finance / leasing at the point of sale in Europe, 2010 (data)
Comparison of average % of new car purchasers contracting finance / leasing services at the point of sale in Europe, 2010
Comparison of average % of new car purchasers contracting finance / leasing services at the point of sale in Europe, 2004-2007-2010 (data)
Comparison of average % of used car purchasers contracting finance / leasing services at the point of sale in Europe, 2010
Comparison of average % of used car purchasers contracting finance / leasing services at the point of sale in Europe, 2004-2007-2010 (data)
% of split of consumer automotive finance at the point of sale by type of product in Europe, 2010
% of split of consumer automotive finance at the point of sale by type of product in Europe, 2010 (data)
Comparison of % of manufacturers / importers with arrangements for branded finance / leasing services in Europe, 2010
3.0 AUSTRIA
Passenger car parc and new / used passenger car sales in Austria, 2006-2010
Passenger car parc and new / used passenger car sales in Austria, 2006-2010 (data)
New car registrations in Austria segmented by manufacturer group, 2009
New / used passenger car finance market in Austria segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Austria segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Austria segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Austria by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Austria, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Austria, 2010
4.0 BELGIUM
Passenger car parc and new / used passenger car sales in Belgium, 2006-2010
Passenger car parc and new / used passenger car sales in Belgium, 2006-2010
New car registrations in Belgium segmented by manufacturer group, 2009
New / used passenger car finance market in Belgium segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Belgium segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Belgium segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Belgium by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Belgium, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Belgium, 2010
5.0 BULGARIA
Passenger car parc and new / used passenger car sales in Bulgaria, 2006-2010
Passenger car parc and new / used passenger car sales in Bulgaria, 2006-2010 (data)
New car registrations in Bulgaria segmented by manufacturer group, 2009
New / used passenger car finance market in Bulgaria segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Bulgaria segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Bulgaria, 2006-2010
% of split of automotive finance at the point of sale in Bulgaria by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Bulgaria, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Bulgaria, 2010
6.0 CROATIA
Passenger car parc and new / used passenger car sales in Croatia, 2006-2010
Passenger car parc and new / used passenger car sales in Croatia, 2006-2010 (data)
New car registrations in Croatia segmented by manufacturer group, 2009
New / used passenger car finance market in Croatia segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Croatia segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Croatia, 2006-2010
% of split of automotive finance at the point of sale in Croatia by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Croatia, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Croatia, 2010
7.0 CZECH REPUBLIC
Passenger car parc and new / used passenger car sales in the Czech Republic, 2006-2010
Passenger car parc and new / used passenger car sales in the Czech Republic, 2006-2010 (data)
New car registrations in the Czech Republic segmented by manufacturer group, 2009
New / used passenger car finance market in the Czech Republic segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in the Czech Republic segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in the Czech Republic segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in the Czech Republic by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in the Czech Republic, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in the Czech Republic, 2010
8.0 DENMARK
Passenger car parc and new / used passenger car sales in Denmark, 2006-2010
Passenger car parc and new / used passenger car sales in Denmark, 2006-2010 (data)
New car registrations in Denmark segmented by manufacturer group, 2009
New / used passenger car finance market in Denmark segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Denmark segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Denmark segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Denmark by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Denmark, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Denmark, 2010
9.0 FINLAND
Passenger car parc and new / used passenger car sales in Finland, 2006-2010
Passenger car parc and new / used passenger car sales in Finland, 2006-2010 (data)
New car registrations in Finland segmented by manufacturer group, 2009
New / used passenger car finance market in Finland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Finland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Finland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Finland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Finland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Finland, 2010
10.0 FRANCE
Passenger car parc and new / used passenger car sales in France, 2006-2010
Passenger car parc and new / used passenger car sales in France, 2006-2010 (data)
New car registrations in France segmented by manufacturer group, 2009
New / used passenger car finance market in France segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in France segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in France segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in France by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in France, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in France, 2010
11.0 GERMANY
Passenger car parc and new / used passenger car sales in Germany, 2006-2010
Passenger car parc and new / used passenger car sales in Germany, 2006-2010 (data)
New car registrations in Germany segmented by manufacturer group, 2009
New / used passenger car finance market in Germany segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Germany segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Germany segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Germany by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Germany, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Germany, 2010
12.0 GREECE
Passenger car parc and new / used passenger car sales in Greece, 2006-2010
Passenger car parc and new / used passenger car sales in Greece, 2006-2010 (data)
New car registrations in Greece segmented by manufacturer group, 2009
New / used passenger car finance market in Greece segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Greece segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Greece, 2006-2010
% of split of automotive finance at the point of sale in Greece by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Greece, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Greece, 2010
13.0 HUNGARY
Passenger car parc and new / used passenger car sales in Hungary, 2006-2010
Passenger car parc and new / used passenger car sales in Hungary, 2006-2010 (data)
New car registrations in Hungary segmented by manufacturer group, 2009
New / used passenger car finance market in Hungary segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Hungary segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Hungary segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Hungary by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Hungary, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Hungary, 2010
14.0 IRELAND
Passenger car parc and new / used passenger car sales in Ireland, 2006-2010
Passenger car parc and new / used passenger car sales in Ireland, 2006-2010
New car registrations in Ireland segmented by manufacturer group, 2009
New / used passenger car finance market in Ireland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Ireland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Ireland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Ireland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Ireland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Ireland 2010
15.0 ITALY
Passenger car parc and new / used passenger car sales in Italy, 2006-2010
Passenger car parc and new / used passenger car sales in Italy, 2006-2010 (data)
New car registrations in Italy segmented by manufacturer group, 2009
New / used passenger car finance market in Italy segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Italy segmented by distribution channel: values, 2006-
New / used passenger car finance market in Italy segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Italy by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Italy, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Italy, 2010
16.0 NETHERLANDS
Passenger car parc and new / used passenger car sales in the Netherlands, 2006-2010
Passenger car parc and new / used passenger car sales in the Netherlands, 2006-2010
New car registrations in the Netherlands segmented by manufacturer group, 2009
New / used passenger car finance market in the Netherlands segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in the Netherlands segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in the Netherlands segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in the Netherlands by type of finance contract,
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in the Netherlands, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in the Netherlands, 2010
17.0 NORWAY
Passenger car parc and new / used passenger car sales in Norway, 2006-2010
Passenger car parc and new / used passenger car sales in Norway, 2006-2010 (data)
New car registrations in Norway segmented by manufacturer group, 2009
New / used passenger car finance market in Norway segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Norway segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Norway segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Norway by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Norway, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Norway, 2010
18.0 POLAND
Passenger car parc and new / used passenger car sales in Poland, 2006-2010
Passenger car parc and new / used passenger car sales in Poland, 2006-2010 (data)
New car registrations in Poland segmented by manufacturer group, 2009
New / used passenger car finance market in Poland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Poland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Poland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Poland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Poland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Poland, 2010
19.0 PORTUGAL
Passenger car parc and new / used passenger car sales in Portugal, 2006-2010
Passenger car parc and new / used passenger car sales in Portugal, 2006-2010
New car registrations in Portugal segmented by manufacturer group, 2009
New / used passenger car finance market in Portugal segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Portugal segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Portugal segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Portugal by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Portugal, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Portugal, 2010
20.0 ROMANIA
Passenger car parc and new / used passenger car sales in Romania, 2006-2010
Passenger car parc and new / used passenger car sales in Romania, 2006-2010 (data)
New car registrations in Romania segmented by manufacturer group, 2009
New / used passenger car finance market in Romania segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Romania segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Romania, 2006-2010
% of split of automotive finance at the point of sale in Romania by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Romania, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Romania, 2010
21.0 RUSSIA
Passenger car parc and new / used passenger car sales in Russia, 2006-2010
Passenger car parc and new / used passenger car sales in Russia, 2006-2010 (data)
New car registrations in Russia segmented by manufacturer group, 2009
New / used passenger car finance market in Russia segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Russia segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Russia, 2006-2010
% of split of automotive finance at the point of sale in Russia by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Russia, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Russia, 2010
22.0 SLOVENIA
Passenger car parc and new / used passenger car sales in Slovenia, 2006-2010
Passenger car parc and new / used passenger car sales in Slovenia, 2006-2010 (data)
New car registrations in Slovenia segmented by manufacturer group, 2009
New / used passenger car finance market in Slovenia segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Slovenia segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Slovenia, 2006-2010
% of split of automotive finance at the point of sale in Slovenia by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Slovenia, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Slovenia, 2010
23.0 SPAIN
Passenger car parc and new / used passenger car sales in Spain, 2006-2010
Passenger car parc and new / used passenger car sales in Spain, 2006-2010 (data)
New car registrations in Spain segmented by manufacturer group, 2009
New / used passenger car finance market in Spain segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Spain segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Spain segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Spain by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Spain, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Spain, 2010
24.0 SWEDEN
Passenger car parc and new / used passenger car sales in Sweden, 2006-2010
Passenger car parc and new / used passenger car sales in Sweden, 2006-2010 (data)
New car registrations in Sweden segmented by manufacturer group, 2009
New / used passenger car finance market in Sweden segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Sweden segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Sweden segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Sweden by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Sweden, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Sweden, 2010
25.0 SWITZERLAND
Passenger car parc and new / used passenger car sales in Switzerland, 2006-2010
Passenger car parc and new / used passenger car sales in Switzerland, 2006-2010 (data)
New car registrations in Switzerland segmented by manufacturer group, 2009
New / used passenger car finance market in Switzerland segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Switzerland segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in Switzerland segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in Switzerland by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Switzerland, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Switzerland, 2010
26.0 TURKEY
Passenger car parc and new / used passenger car sales in Turkey, 2006-2010
Passenger car parc and new / used passenger car sales in Turkey, 2006-2010 (data)
New car registrations in Turkey segmented by manufacturer group, 2009
New / used passenger car finance market in Turkey segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Turkey segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Turkey, 2006-2010
% of split of automotive finance at the point of sale in Turkey by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Turkey, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Turkey, 2010
27.0 UK
Passenger car parc and new / used passenger car sales in the UK, 2006-2010
Passenger car parc and new / used passenger car sales in the UK, 2006-2010 (data)
New car registrations in the UK segmented by manufacturer group, 2009
New / used passenger car finance market in the UK segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in the UK segmented by distribution channel: values, 2006-2010
New / used passenger car finance market in the UK segmented by distribution channel: values and volumes, 2006-2010 (data)
% of split of automotive finance at the point of sale in the UK by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in the UK, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in the UK, 2010
28.0 UKRAINE
Passenger car parc and new / used passenger car sales in Ukraine, 2006-2010
Passenger car parc and new / used passenger car sales in Ukraine, 2006-2010 (data)
New car registrations in Ukraine segmented by manufacturer group, 2009
New / used passenger car finance market in Ukraine segmented by distribution channel: volumes, 2006-2010
New / used passenger car finance market in Ukraine segmented by distribution channel: values, 2006-2010
New / used passenger car finance market data for Ukraine, 2006-2010
% of split of automotive finance at the point of sale in Ukraine by type of finance contract, 2010
Provision of finance / leasing by dealers, operating models and provider share of non-captive partnerships in Ukraine, 2010
Provision of finance / leasing by manufacturer brands, operating models and weighted provider share of partnerships in Ukraine,
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