Auto Leasing, Loans & Sales Financing in the US
Sustained macroeconomic growth over the five years to 2019 has led to increased demand for the Auto Leasing, Loans and Sales Financing industry. Consumers are most active in this industry when they anticipate future income stability. In addition, a decrease in interest rates reduces financing costs and incentivizes larger purchases, thereby fueling industry demand. Given the industry's reliance on consumption patterns, accessible credit markets, relatively low unemployment and higher income will continue to spur industry growth over the five years to 2024. The need to replace existing automobiles and equipment will also continue to drive revenue growth during the five-year period.
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.
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