Consumer Automotive Financial Services in Australia investigates the market for automotive financial services linked to sales of new and used passenger cars to individual buyers in Australia. In addition to analysing the market for finance and leasing services, the study also covers creditor insurance, motor insurance, road assistance, extended warranties, GAP insurance, tyre and rim 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 Australia is provided in terms of gross advances and assets leased for 2013 to 2017 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 creditor insurance, motor insurance, road assistance, extended warranties, GAP insurance and tyre and rim insurance are sized in terms of gross written premiums and other revenues sold through the automotive trade (i.e. via dealers and manufacturers) in 2017. These markets, estimated to be worth AUD 2.49 billion (about USD 1.91 billion) in total in that year, are broken down between new and used cars and between new contracts sold during 2017 and in-force business sold in previous years but still being renewed in 2017.
The report draws on a survey of 70 leading car dealerships as well as an analysis of the approach to consumer automotive financial services of 38 car manufacturer brands in Australia. 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.
In addition to captive finance companies owned by manufacturer brands, organisations covered by the report include Aioi Nissay Dowa Insurance, Allianz Australia Insurance, Assist Australia, Capital Finance, Digicall Assist, Eric Insurance, Esanda, Harrier National, Holden Leasing, Macquarie Leasing, National Warranty Company, QBE, St George and Suncorp Insurance. Together, the report and database will provide you with the definitive guide to current and future opportunities in consumer automotive financial services in Australia.
For further information about this research, please access the table of contents and series prospectus by clicking on the corresponding links to the left-hand side of this page, or e-mail email@example.com.