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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

The Subprime Auto Loans market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Starting a New Business Chapter

IBISWorld estimates that barriers to entry into the Subprime Auto Loans industry are relatively low compared with the overall auto financing sector. The high level of fragmentation and competition indicates that the majority of subprime auto lenders serve local and regional markets. Because industry operators are an important part of the US payments system, the Federal Reserve System regulates them. Additionally, firms are subject to laws and regulations relating to consumer protection, discrimination in extending credit, use of credit reports, privacy matters, disclosure of credit terms and correction of billing errors.

Industry operators are required to hold a large number of vehicles or other equipment on their balance sheet to be involved in leasing activities... 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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