France Auto Finance Market Introduction and Overview
According to SPER Market Research, the France Auto Finance Market is estimated to reach USD 41.52 billion by 2033 with a CAGR of 3.62%.
The report includes an in-depth analysis of the France Auto Finance Market, including market size and trends, product mix, applications, and supplier analysis. The procedure by which consumers can get financing or borrow money through a formal contract from a bank, credit union, or an automobile manufacturer or dealer where the purchase is being made is known as the auto finance market. In addition, by adding interest to the amount borrowed, the lender makes money. Furthermore, a cash sale—in which the customer pays for the complete transaction with cash—is an additional choice for vehicle finance. The likelihood is that interest rates will be avoided by a buyer who choose this option for auto finance.
- March 2023: In order to provide finance and other services for cars to Mitsubishi Motors clients in France, M Motors Automobiles France (Mitsubishi Motors in France) and Mobilise Financial Services announced their alliance.
- Sep 2022: DIF Capital Partners said that DIF Core-plus Infrastructure Fund III has successfully completed the purchase of a 55% share in Bump SAS (Bump/Company), a charge point operator (CPO) with its headquarters located in Paris that develops, installs, manages, and owns infrastructure for electric vehicle (EV) charging.
Market Opportunities and Challenges
The surge in vehicle prices in France is fueling the growth of the car loan market, making it challenging for consumers to buy cars outright. As the cost of vehicles continues to rise, more individuals are turning to car loans for financing. With escalating vehicle prices, consumers find themselves needing larger loan amounts, making car loans an appealing option for those lacking upfront funds. To ease monthly payments, some consumers may choose extended loan terms, potentially incurring higher interest charges but widening access to car loans. Lenders, in response to heightened vehicle prices, may introduce more varied loan options, including extended terms, reduced interest rates, and flexible repayment plans, fostering increased competition. This competition among lenders can benefit consumers by driving down interest rates, enhancing affordability. Incentives from the French government, such as tax credits and subsidies, aim to encourage car purchases despite the elevated prices, making car loans more attractive to a broader consumer base. Additionally, advancements in technology within existing product lines and untapped potential in emerging economies present lucrative opportunities for expansion in the auto finance market.
However, the rise of ridesharing services, intense rivalry, market saturation, and an increase in debt from a variety of borrowers are impeding the expansion of the auto loan business. Regulations controlling lending methods, interest rates, and consumer protection apply to the auto finance business, which can present difficulties for players in the market. Variations in the economy, like recessions or inflation, can have an effect on consumer expenditure and, in turn, the need for auto loans. Furthermore, the financing terms and conditions may be impacted by the gradual depreciation of automobiles and their unpredictable resale values.
Market Competitive Landscape
The French auto loan market is comparatively consolidated, dominated by a small number of major firms. The major players in the France Auto Finance Market include: BMW Group Financial Services, Carrefour Banque, Cetelem, Cofinoga, Credit Acceptance, Floa Bank, GM Financial, Hyundai auto finance, Nissan Motor Acceptance Corporation, PSA Banque France, Younited Credit, Others. Even if the market is somewhat consolidated, new competitors are constantly joining it, and given the prospects brought about by rising demand and economic expansion, it is anticipated that competition will only get stronger in the years to come.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Vehicle Type, By Provider Type, By Loan Tenure
|
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
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| Companies Covered | BMW Group Financial Services, Carrefour Banque, Cetelem, Cofinoga, Credit Acceptance, Floa Bank, GM Financial, Hyundai auto finance, Nissan Motor Acceptance Corporation, PSA Banque France, Younited Credit, Others
|
COVID-19 Impact on France Auto Finance Market
The French auto loan sector was significantly impacted by the COVID-19 outbreak. The demand for auto loans declined as a result of the epidemic and the ensuing economic crisis. A lot of people saw their income fall or their jobs go, which made them less inclined to take out loans to purchase cars. Car sales and finance declined in the early stages of the epidemic due to lockdowns, uncertainty in the economy, and lowered consumer confidence. However, pent-up demand, government stimulus packages, and advantageous financing terms are projected to stimulate a market comeback as economies recover and limitations loosen.
Key Target Audience:
- Automobile Associations
- Automobile OEMs
- Banks
- Captive Finance Companies
- Credit Unions
- Existing Auto Finance Companies
- Government Organizations
- Investors
- New Market Entrants
- Private Finance Companies
- Others
Our in-depth analysis of the France Auto Finance Market includes the following segments:
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By Product Type:
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New Vehicle
Used Vehicle
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By Vehicle Type:
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Banks
Fintech Companies
Non-Banking Financial Services
Original Equipment Manufacturers
Other Provider Types
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By Vehicle Type:
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Light Trucks
Passenger Cars
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By Loan Tenure:
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Less than 3 Years
Three Years
Four Years
Five Years
Six Years
Seven Years or more
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Key Topics Covered in the Report:
- France Auto Finance Market Size (FY’2023-FY’2033)
- Overview of France Auto Finance Market
- Segmentation of France Auto Finance Market By Product Type (New Vehicle, Used Vehicle)
- Segmentation of France Auto Finance Market By Vehicle Type (Light Trucks, Passenger Cars)
- Segmentation of France Auto Finance Market By Provider Type (Banks, Fintech Companies, Non-Banking Financial Services, Original Equipment Manufacturers, Other Provider Types)
- Segmentation of France Auto Finance Market By Loan Tenure Less than 3 Years, Three Years, Four Years, Five Years, Six Years, Seven Years or more)
- Statistical Snap of France Auto Finance Market
- Expansion Analysis of France Auto Finance Market
- Problems and Obstacles in France Auto Finance Market
- Competitive Landscape in the France Auto Finance Market
- Impact of COVID-19 and Demonetization on France Auto Finance Market
- Details on Current Investment in France Auto Finance Market
- Competitive Analysis of France Auto Finance Market
- Prominent Players in the France Auto Finance Market
- SWOT Analysis of France Auto Finance Market
- France Auto Finance Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the France Auto Finance Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. France Auto Finance Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in France Auto Finance Market
7. France Auto Finance Market, By Product Type (USD Million)
7.1. France Auto Finance Market Value Share and Forecast, By Product Type, 2023-2033
7.2. New Vehicle
7.3. Used Vehicle
8. France Auto Finance Market, By Vehicle Type (USD Million)
8.1. France Auto Finance Market Value Share and Forecast, By Vehicle Type, 2023-2033
8.2. Light Trucks
8.3. Passenger Cars
9. France Auto Finance Market, By Provider Type (USD Million)
9.1. France Auto Finance Market Value Share and Forecast, By Provider Type, 2023-2033
9.2. Banks
9.3. Fintech Companies
9.4. Non-Banking Financial Services
9.5. Original Equipment Manufacturers
9.6. Other Provider Types
10. France Auto Finance Market, By Loan Tenure (USD Million)
10.1. France Auto Finance Market Value Share and Forecast, By Loan Tenure, 2023-2033
10.2. Less than 3 Years
10.3. Three Years
10.4. Four Years
10.5. Five Years
10.6. Six Years
10.7. Seven Years or more
11. France Auto Finance Market Forecast, 2019-2033 (USD Million)
11.1. France Auto Finance Market Size and Market Share
12. France Auto Finance Market, By Product Type, 2019-2033 (USD Million)
12.1. France Auto Finance Market Size and Market Share By Product Type (2019-2026)
12.2. France Auto Finance Market Size and Market Share By Product Type (2027-2033)
13. France Auto Finance Market, By Vehicle Type, 2019-2033 (USD Million)
13.1. France Auto Finance Market Size and Market Share By Vehicle Type (2019-2026)
13.2. France Auto Finance Market Size and Market Share By Vehicle Type (2027-2033)
14. France Auto Finance Market, By Provider Type, 2019-2033 (USD Million)
14.1. France Auto Finance Market Size and Market Share By Provider Type (2019-2026)
14.2. France Auto Finance Market Size and Market Share By Provider Type (2027-2033)
15. France Auto Finance Market, By Loan Tenure, 2019-2033 (USD Million)
15.1. France Auto Finance Market Size and Market Share By Loan Tenure (2019-2026)
15.2. France Auto Finance Market Size and Market Share By Loan Tenure (2027-2033)
16. France Auto Finance Market, By Region, 2019-2033 (USD Million)
16.1. France Auto Finance Market Size and Market Share By Region (2019-2026)
16.2. France Auto Finance Market Size and Market Share By Region (2027-2033)
16.3. Eastern Region
16.4. Northern Region
16.5. Southern Region
16.6. Western Region
17. Company Profile
17.1. BMW Group Financial Services
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Carrefour Banque
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Cetelem
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Cofinoga
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Credit Acceptance
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Floa Bank
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. GM Financial
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Hyundai auto finance
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Nissan Motor Acceptance Corporation
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. PSA Banque France
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Younited Credit
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
