U.S. Indirect Auto Finance: Nobody Does IT Better, Part One
Report Summary
U.S. Indirect Auto Finance: Nobody Does IT Better, Part One
Car dealerships are the preferred channel for most of 2014's 64 million consumer auto finance accounts.
Boston, November 5, 2014 – To hear financial services credit executives talk, auto finance is the superhero best positioned to save consumer credit in the United States. Auto sales are strong, portfolio balances are climbing, and the industry shows no signs of tumbling into the morass of consumer disfavor where other consumer credit products languish. But what makes indirect auto finance different? Why is it flourishing when all else falters? Are there challenges? And what role does technology play in its ongoing success?
This Aite Group Impact Report is the first of two reports on an exciting and unique consumer finance market segment and its technology. Containing analysis from ongoing, in-depth discussions with and interviews of senior management at U.S. banks, credit unions, and finance companies, this report discusses market trends, challengers and challenges, opportunities, key players, and the size of the market going forward.
This 27-page Impact Report contains nine figures and two tables. Clients of Aite Group's Retail Banking & Payments service can download this report.