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Key Metrics Affecting IT Spending on Automobile Finance in the Year 2000Published by: TowerGroup Published: Feb. 1, 2000 - 11 Pages Table of ContentsHighlights Introduction Background Automobile Credit Outstanding Application Processing Conclusion AbstractThe size and nature of automobile finance outstanding, the source of applications, and the types of financial services institutions (FSIs) that provide automobile credit have an impact on the amount spent on related information technology (IT) and provide a roadmap to the parties most likely to acquire external IT. This TowerGroup Research Note provides key metrics and identifies the FSIs that provide automobile finance. Key trends in approval rates and bookings that both dealers and lenders use to measure the effectiveness of IT solutions are also explored. The focus of this Note is on the North American market, although global numbers are cited when appropriate. It is meant to be read as a follow-up to TowerGroup Research Note 022:11CB, "An Overview of Automobile Finance at the Dawn of The New Millennium," which defines terms and business practices of the automotive sector.Get Full Details About This Report >> |
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