Auto Leasing, Loans & Sales Financing in the US
Sustained macroeconomic growth over the five years to 2018 has led to increased demand for financing options provided by operators in the Auto Leasing, Loans and Sales Financing industry. Rising consumer sentiment and declining unemployment translated into higher auto sales and rising car prices during the period. At the same time, historically-low interest rates and the availability of lengthier loan terms aided consumers' purchasing power, resulting in record automobile sales in the United States. Over the five years to 2023, IBISWorld expects industry revenue to increase. Given the industry's reliance on consumption patterns, more-accessible credit markets, relatively low unemployment and higher income will continue to spur industry growth.
This industry includes establishments that provide sales financing or leasing in combination with sales financing for automobiles. Sales financing establishments are primarily engaged in lending money for the purpose of providing collateralized goods through a contractual-installment sales agreement, either directly from or through arrangements with dealers. 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook