France Vehicle Finance Market Outlook to 2027

Market Overview:

Internet penetration has played the most crucial role in elevating the overall demand for used cars across Europe, which has ultimately elevated the demand for used car financing as well.

Over the long term, excessive investments in autonomous vehicles, as well as prompt financing from dealers, banks, and credit unions, will likely contribute to the automotive financing market's growth.

Key Trends by Market Segment:

By New and Used Vehicles: The Vehicle Finance Market in US is segmented into New and Used Vehicle finance with New Vehicle finance holding a majority share of the total Credit Disbursed in the market in 2018. The major drivers behind the growth include rising sales of new and used vehicles as well as the rising prices of retail models in the market.

vehicles loanin the market, while the share of passenger cars was lower than that of light trucks due to the high level of sales and demand registered by Light Trucks.

Competitive Landscape:

The top players are Cetelem, Cofinoga, Floa Bank, Younited Credit, Carrefour Banque. While the market is moderately consolidated, new players are still entering the market and with the opportunities presented by the increasing demand and growth in economy, competition is expected to increase in the coming years.