Market Share of Automotive Financing Industry
The automotive financing market is fragmented and is in the growth phase. Competition is expected to intensify by the end of the forecast period due to the lucrative opportunities available to various players in the market. The key market players, such as banks, are focusing on strategic partnerships to increase their market share and expand their regional base.
- In October 2022, the National Bank of Oman (NBO) invited its partner dealerships and both new and used auto dealers from across Oman to learn more about the bank's car financing options. NBO offers competitive financing starting at just 4.75%, as the bank goes above and beyond to provide hassle-free, competitive financial solutions.
Automotive Finance Market Leaders
Bank of America Corporation
Ally Financial Inc
Hitachi Capital Asia Pacific Pte. Ltd.
Toyota Financial Services
Capital One Financial Corporation
*Disclaimer: Major Players sorted in no particular order
