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Subprime Auto Loans in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Subprime Auto Loans Market Research Report | Advisory & Financial Services | Financial Intermediaries | Jun 2014

Smooth ride: Greater car sales and investor interest will drive industry growth

IBISWorld’s Subprime Auto Loans market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Ally Financial Ally Financial market share
Honda Honda market share
Toyota Toyota market share
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 09-14
4.5%
Annual Growth 14-19
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Profit
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Employment
34,217
Businesses
832
Industry Analysis & Industry Trends

The Subprime Auto Loans industry is rebounding strongly from effects of the recession, but performance still remains below prerecessionary levels. New car sales, improving consumer finances and continued strong demand growth from subprime borrowers and investors are forecast to spur industry growth over the next five years. However, faster growth will be restrained by rising interest rates that will raise borrowing costs and slow vehicles sales.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Subprime Auto Loans industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is anticipated to grow at an annualized rate of 4.0% over the 10 years to 2019, compared to annualized GDP growth of 2.5%. When adjusted for the devastating effects of the recession, industry expansion has been roughly in line with overall economic growth, which is a strong indicator of a mature industry.

Demand for industry automotive financing moves in tandem with car sales, which move cyclically with overall economic growth. To this end, new car sales, which underpin demand for subprime financing, are expected to grow at an annualized rate of 4.9% from recessionary lows over the 10 years to 2019... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Subprime Auto Loans Industry?

This industry includes firms that finance automobile purchases through loans and leases for subprime borrowers, defined in this report as borrowers with a credit score below 620.

Industry Products
New vehicle loansUsed vehicle loans
 
Industry Activities
Subprime automotive lendingSubprime automotive leasing


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