"New car sales are slowing, driving competition in lending. While interest rates remain the most important consideration for borrowers, lenders – regardless of whether they are financial institutions, dealers, or third parties – have to find ways to differentiate themselves outside of rates. Customer service and convenience are also important, and lenders, dealers, and manufacturers are working to streamline the shopping, buying, and financing processes and make it possible for customers to ...
Download:
Search within report
Searching...
Overview
Overview
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Executive Summary
Market
Market
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
The Market – What You Need to Know
Market Size
Market Factors
Market Breakdown
Consumer
Consumer
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
The Consumer – What You Need to Know
Profile of Car Buyers
Most Likely Payment Method
Source of Financing
Most Important Loan/Lender Benefits
Loan Behavior
Attitudes toward Loans and Lending
Brand/Company
Brand/Company
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Key Players – What You Need to Know
What’s Working?
What’s Struggling?
What’s Next?
Data
Data
Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
CHAID Analysis – The Financing Process
TURF Analysis
Appendix – CHAID Analysis Methodology
Appendix – Data Sources and Abbreviations
Appendix – Consumer
Appendix – Market
28th September 2017
“Ford is expanding its definition of creditworthiness by using data not usually considered in risk assessment. The expectation is that this will provide greater risk protection while still opening the door for those with thin credit histories to purchase a new car.”
|
Millennials are more likely to use the most expensive forms of financing
