Base Year
Historical Year
Forecast Year
Value in AUD Billion
2024-2032
Australia Automotive Financing Market Outlook
*this image is indicative*
Based on the type, the Australia automotive financing market share is driven by new vehicle.
Banks and financial institutions offer lower interest rates and lower monthly payments on new vehicle financing. Manufacturers also provide deals and incentives on new vehicles such as zero-per-cent financing and warranties that cover repairs and maintenance for a certain period which makes new vehicle financing appealing and affordable to customers driving the Australia automotive financing growth. Financing helps individuals spread out the cost of purchasing of new vehicle for a certain period while enjoying the benefits of a vehicle.
Digitisation in the Australia automotive financing market streamlines the application process by offering online platforms for applications, approvals, and management making it convenient and accessible for individuals. They can easily go through the diverse financing products and customise them according to their needs through online platforms. They can go through the policy terms, interest rates and repayment options in one place. Individuals can easily make their monthly payments through digital platforms to avoid any delay.
Bank Australia will cease their fossil fuels car loans from 2025 to support the shift towards a decarbonised economy as private passenger cars account for 62% of Australia’s transport emissions.
Australia Automotive Financing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Source Type
Market Breakup by Vehicle Type
Market Breakup by Region
Original Equipment Manufacturers (OEMs) are highly considered as they often provide attractive financing options directly through their captive finance arms, offering competitive interest rates, flexible terms, and tailored financial products. OEMs and Banks are highly preferred due to their extensive reach, specialised financial products, and ability to bundle services with vehicle purchases, making them primary choices for automotive financing.
The growth of the automotive financing market is fueled by due to the increasing adoption of the digitisation process by companies in the finance process. Companies and organisations provide customized and tailor-made products to consumers catering to their needs.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market is projected to grow at a CAGR of 5.57% between 2024 and 2032.
Based on the type, the automotive financing market is bifurcated into new vehicles and used vehicles.
Key players in the industry are Toyota Finance Australia Limited, Commonwealth Bank of Australia, National Australia Bank Ltd., CFI Finance Pty Ltd., Think Advance Solutions Pty Ltd., CarClarity ACL Pty Ltd., Simply Automotive Pty Ltd., Carloans.com.au Pty Ltd., and Stratton Finance Pty Ltd. among others.
Based on source type, the automotive financing market is divided into OEM, banks, credit unions, financial institutions, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, and Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Source Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Choose the right license for your needs and access rights.
Add the report to your cart with one click and proceed to register.
Choose a payment option for a secure checkout. You will be redirected accordingly.
Pricing Plans
One User
Five Users
Unlimited Users
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
We ensure that you get unmatchable competitive advantage by providing detailed insights about the existing market scenario as well as the emerging and high growth markets.
Regions and Countries with the Highest Number of Returning Clients
Projects delivered with customization
Projects involving industry specific expertise
Analysts Support
Corporates choose us as their preferred partner
Commitment to Excellence
Diverse Teams
Innovative Solutions
Client Centric Approach
Continuous Improvement
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-120-433-0800
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
