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Auto Leasing, Loans & Sales Financing in the US
IBISWorld, Aug 2011, Pages: 33
Holding on tight: Pent-up demand for cars fuels growth, but unemployment remains a roadblock
Auto Leasing, Loans & Sales Financing in the US
Speeding up
After being hard-hit by a tough credit market, high unemployment rates and dwindling consumer spending, the industry is entering a recovery period. The credit market and general economy are beginning to improve, and the release of pent-up demand during the recession is set to drive demand. In the midst of these changes, operators will employ tighter lending standards, diminishing the risk of losses.
This industry includes businesses that provide sales financing or leasing. Sales financing establishments are primarily engaged in lending money for the purpose of providing collateralized goods through a contractual installment sales agreement. Industry participants generate revenue through the interest and fees that are included in the installment payments of borrowers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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