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Subprime Auto Loans - Industry Market Research Report

  • ID: 2629702
  • Report
  • July 2019
  • Region: Global
  • 33 pages
  • IBISWorld
Past their prime: Rising interest rates will continue to stifle industry revenue growth

FEATURED COMPANIES

  • Ally Financial Inc.
  • Toyota Financial Services
  • MORE

Subprime Auto Loans

Over the five years to 2019, operators in the Subprime Auto Loans industry contended with rising interest rates and increasing delinquency rates, which took a toll on profit margins for many operators. Several small, specialized creditors have been pushed to bankruptcy due to diminishing profitability and a growing number of subprime auto loan delinquencies. Furthermore, rising interest rates increased borrowing costs for subprime consumers over the past five years, slowing demand for industry financing to purchase vehicles and dampening profit for many lenders. As a result of these trends, industry revenue has declined during the current period. Over the five years to 2024, industry revenue is forecast to decline further. Industry growth will likely be restrained by rising interest rates over the next five years, which are projected to raise borrowing costs and slow vehicles sales.

Operators in this industry finance automobile purchases through loans and leases for subprime borrowers, defined as borrowers with a credit score below 600.

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ally Financial Inc.
  • Toyota Financial Services
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
  • Ally Financial Inc.
  • Credit Acceptance Corporation
  • Santander Consumer USA Holdings Inc.
  • Toyota Financial Services
Note: Product cover images may vary from those shown

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