Automotive Finance Market Analysis and Forecast, 2023-2032
Global Automotive Finance Market Size Was Valued at USD 305.19 billion In 2023 And Is Projected to Reach USD 524.44 billion By 2032, Growing at A CAGR of 6.2% From 2024 to 2032.
The automotive finance market provides a range of financial services that enable consumers to purchase vehicles through loans, leases, and other credit products. This market is primarily driven by financing firms, specialized automobile manufacturers, and financial institutions such as banks, credit unions, and brokers.