Best interest: As per capita disposable income rises, industry demand will increase

The Auto Leasing, Loans and Sales Financing industry engages in the extension of loans for both consumer and commercial collateralized goods such as vehicles, equipment and machinery. Sales financing is most commonly used by consumers when purchasing a new or used car, while sales financing is also used by businesses seeking to finance certain aspects of their operations.Over the beginning of the five years to 2018, record-high gas prices and increased payroll taxes hindered industry performance. However, declining unemployment and increasing corporate profit during the middle of the five-year period resulted in growth in per capita disposable income. In turn, consumers were more likely to take on large purchases with the assistance of loan or lease agreements...purchase to read more.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 13-18
4.2%
Forecast Growth 18-23
Profit
Employment
5,101
Businesses
271

Industry Threats & Opportunities

  • An expected continuation of interest rate hikes is anticipated to decrease borrowing among consumers
  • Industry Report - Industry SWOT Analysis Chapter

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    Additional Insights for the Auto Leasing, Loans & Sales Financing in Michigan Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Leasing, Loans & Sales Financing in Michigan Industry are

  • Output is sold under contract - incorporate long-term sales contracts
  • Well-developed internal processes
  • Financial position of the company (as against financial structure)
  • IBISWorld analysts also discuss how external factors such as Access to credit in Michigan and New car sales in the Auto Leasing, Loans & Sales Financing in Michigan industry impact industry performance..

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    What's in this report

    What is the Auto Leasing, Loans & Sales Financing in Michigan Industry?

    This industry includes establishments that provide sales financing or sales financing in combination with leasing. Sales financing establishments are primarily engaged in lending money for the purpose of providing collateralized goods through a contractual-installment sales agreement, either directly from or through arrangements with dealers. Industry participants generate revenue through the interest and fees that are included in the installments of borrowers.

    Industry Products
  • Income from leasing to financial and nonfinancial business
  • Sales financing
  • New and used vehicle leasing
  • New and used vehicle loans
  • Finance leases
  • Industry Activities
  • Sales financing
  • Leasing in combination with sales financing
  • Similar Industries
  • Car Rental
  • Truck Rental
  • Consumer Electronics & Appliances Rental
  • Heavy Equipment Rental
  • Computer & Printer Leasing
  • Industrial Equipment Rental & Leasing
  • Auto Leasing, Loans & Sales Financing in California
  • Real Estate Loans & Collateralized Debt in California
  • Auto Leasing, Loans & Sales Financing in New York
  • Real Estate Loans & Collateralized Debt in New York
  • Auto Leasing, Loans & Sales Financing in Illinois
  • Real Estate Loans & Collateralized Debt in Illinois
  • Auto Leasing, Loans & Sales Financing in Texas
  • Real Estate Loans & Collateralized Debt in Texas
  • Auto Leasing, Loans & Sales Financing in Florida
  • Real Estate Loans & Collateralized Debt in Florida
  • Auto Leasing, Loans & Sales Financing in Massachusetts
  • Real Estate Loans & Collateralized Debt in Massachusetts
  • Auto Leasing, Loans & Sales Financing in Ohio
  • Real Estate Loans & Collateralized Debt in Ohio
  • Auto Leasing, Loans & Sales Financing in Pennsylvania
  • Real Estate Loans & Collateralized Debt in Pennsylvania
  • Auto Leasing, Loans & Sales Financing in New Jersey
  • Real Estate Loans & Collateralized Debt in New Jersey
  • Auto Leasing, Loans & Sales Financing in Georgia
  • Real Estate Loans & Collateralized Debt in Georgia
  • Real Estate Loans & Collateralized Debt in Michigan
  • Auto Leasing, Loans & Sales Financing in Wisconsin
  • Real Estate Loans & Collateralized Debt in Wisconsin
  • Auto Leasing, Loans & Sales Financing in Washington
  • Real Estate Loans & Collateralized Debt in Washington
  • Real Estate Loans & Collateralized Debt in Virginia
  • Auto Leasing, Loans & Sales Financing in Tennessee
  • Real Estate Loans & Collateralized Debt in Tennessee
  • Real Estate Loans & Collateralized Debt in Missouri
  • Auto Leasing, Loans & Sales Financing in North Carolina
  • Real Estate Loans & Collateralized Debt in North Carolina
  • Auto Leasing, Loans & Sales Financing in Minnesota
  • Real Estate Loans & Collateralized Debt in Minnesota
  • Auto Leasing, Loans & Sales Financing in Maryland
  • Real Estate Loans & Collateralized Debt in Maryland
  • Auto Leasing, Loans & Sales Financing in Colorado
  • Real Estate Loans & Collateralized Debt in Colorado
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Access to credit in Michigan
  • New car sales
  • Per capita disposable income in Michigan
  • Price of new cars
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Leasing, Loans & Sales Financing in Michigan Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Construction
  • New Car Dealers
  • Used Car Dealers
  • Consumers

  • Key Selling Industries
  • Open-End Investment Funds
  • Portfolio Management
  • Retirement & Pension Plans

  • Products & Services
  • New and used vehicle loans
  • New and used vehicle leasing
  • Finance leases
  • Other
  • Income from leasing to financial and nonfinancial business
  • Sales financing
  • Chart: Auto Leasing, Loans & Sales Financing in Michigan Industry Products and Services Segmentation

  • Major Markets
  • Households
  • Automotive
  • Businesses
  • Financial Services
  • Other
  • Chart: Major Market Segmentation for the Auto Leasing, Loans & Sales Financing in Michigan Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Auto Leasing, Loans & Sales Financing in Michigan

  • Basis of Competition
    Barriers to Entry
    Ally Financial Inc., Ford Motor Credit Company LLC, Suburban Auto Finance, Toyota Motor Corporation,
  • Table: Ally Financial Inc. - financial performance
  • Table: Ford Motor Credit Company LLC - financial performance
  • Table: Suburban Auto Finance - financial performance
  • Table: Toyota Motor Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Leasing, Loans & Sales Financing in Michigan Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auto Leasing, Loans & Sales Financing in Michigan Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Access to credit (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Balloon Payment
  • An oversized payment due at the end of a mortgage, commercial loan or other amortized loan.
  • Charge-Off
  • When a customer is unable to repay a debt (often distinguished by six months without repayment) and the debt is written off as uncollectible.
  • Lien Notation
  • A type of security interest granted over an item of property to secure payment of a debt.
  • What Our Customers Say

    Why buy this report?

    The Auto Leasing, Loans & Sales Financing in Michigan Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Leasing, Loans & Sales Financing in Michigan:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Leasing, Loans & Sales Financing in Michigan market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Leasing, Loans & Sales Financing in Michigan, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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