Consumer Automotive Financial Services in Peru investigates the market for automotive financial services linked to sales of new and used passenger cars to individual buyers in Peru. In addition to analysing the market for finance and leasing services, the study also covers motor insurance, road assistance, extended warranties and creditor insurance plus GAP insurance and prepaid service contracts.
Using survey results for average take-up rates for finance and leasing propositions at the point of sale, data for the size and growth of the automotive finance and leasing market for consumers in Peru is provided in terms of gross advances and assets leased for 2010 to 2014 with splits between finance for new and used cars and between finance organised through dealerships at the point of sale and directly with banks or other lending institutions.
Moreover, also by means of data for average take-up rates, the markets for motor insurance, road assistance, extended warranties and creditor insurance are sized in terms of gross written premiums and other revenues sold through the automotive trade (i.e. via dealers and manufacturers) in 2014. These markets, estimated to be worth around PEN 467.8 million in total in 2014, are broken down between new and used cars, and between new contracts sold during 2014 and in-force business sold in previous years but still being renewed in 2014.
The report draws on a survey of 50 leading car dealerships as well as an analysis of the approach to consumer automotive financial services of 33 car manufacturer brands in Peru. The PartnerBASE™ dataset that accompanies the report details each of the marketing initiatives for consumer automotive financial services traced by Finaccord for both dealers and manufacturers; a market data annexe is also available in a convenient spreadsheet format so that there is no need to re-enter key data points from the report.
In addition to captive finance companies owned by manufacturer brands, organisations covered by the report include Banco de Crédito BCP, BBVA Continental, La Positiva, MAPFRE, Mariátegui JLT, Mitsui Auto Finance, Pacífico, Rimac, Santander and Scotiabank. Together, the report and database will provide you with the definitive guide to current and future opportunities in consumer automotive financial services in Peru.
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Finaccord is a market research, publishing and consulting company specialising in insurance and other financial services. Finaccord is a trading name of Aon Global Operations, Singapore Branch, and part of Aon Inpoint.