Industry Analysis & Industry Trends
Auto Leasing, Loans and Sales Financing industry revenue is driven by purchases of goods that require financing; consequently, consumers are most active in this industry when they perceive economic stability in their future income. IBISWorld estimates that industry revenue will increase over the five-year period. In the coming years, more accessible credit markets, decreasing unemployment and higher income will spur industry growth... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2017, revenue for the Auto Leasing, Loans and Sales Financing industry is expected to grow at an annualized rate of 4.7% to $113.2 billion. Industry operators posted consistent revenue growth beginning in 2013, thanks to a number of favorable economic conditions and record vehicle sales. Specifically, rising per capita disposable income, increased access to credit and historically-low interest rates drove demand for industry credit products.
As a result, the US auto industry set sales records consecutively in 2015 and 2016, reaching a record 17.5 million light-vehicle sales in 2016 and bolstering demand for automotive financing. Fur.. purchase to read more