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The Average Ownership Period (AOP) market in Automotive Finance is a sector that focuses on the length of time a consumer owns a vehicle. It is a measure of the average length of time a consumer holds onto a vehicle before trading it in or selling it. This market is important to automotive finance companies as it helps them to understand consumer behavior and plan for future sales.
The AOP market is influenced by a variety of factors, such as the availability of new models, the cost of ownership, and consumer preferences. Companies in this market must be able to anticipate consumer trends and adjust their strategies accordingly.
Some companies in the AOP market include Ford Motor Credit, Ally Financial, and Capital One Auto Finance. Show Less Read more
