Car Finance Market Growth, Trends, and Forecast, 2020 - 2030

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Car Finance Market Is Set To Garner Staggering Revenues By 2030  October 11, 2021

 Shubham Jamdade

 Press Release

0

Car Finance Market: Introduction

According to the report, the global car finance market is projected to reach ~US$ 3

Trn by 2030, expanding at a CAGR of ~4% during the forecast period. Rise in the number of young

consumers with low capital at disposal and availability of low interest EMI and zero down-payment

schemes are boosting the car finance market. Car finance is highly popular in developed countries such as the U.S., those in Europe, and Japan. Car finance is gaining popularity in developing countries such as

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Car Finance Market Growth, Trends, and Forecast, 2020 - 2030

Published on Nov 19, 2021

Abhinav Singh

The car finance market has experienced considerable developments in the past decade, primarily driven by new business models, rising competition, and the onset of new technologies. The fluctuating sales of automotive vehicles across the world continue to define the course of the global car finance market. The sales of new cars across the world have witnessed a slight decline due to a host of demographic, technical, and economic factors since 2017. In addition, as the inventory of used cars continues to grow, the demand for new cars is decreasing. In addition, amidst the growing environmental concerns and calls to minimize carbon emission, car-pooling, the usage of electric bikes and bicycles has increased across the urban regions of the world.

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Car Finance Market Growth, Trends, and Forecast, 2020 - 2030 by Abhinav Singh - Issuu