Indonesia Car Finance Market
by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non Captive Institutions - Outlook to 2021
Region:Asia
Product Code:KR550
November 2017
120
About the Report
The report titled "Indonesia Car Finance Market by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non-Captive Institutions - Outlook to 2021" provides a comprehensive analysis of the car finance market in Indonesia. The report covers aspects such as the market size of the Indonesia Car Finance market segmentation on the basis of the type of car financed, tenure of loan and type of financial institution. The report also covers the competitive landscape, government regulations, customer preferences, and value chain analysis of the Indonesia Car Finance Market. In addition to this, the report also covers company profiles and product portfolio of major players. This report will help industry consultants, car finance providers, potential entrants, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
The Indonesia car finance market is in the growing stage. It is dominated by the unorganized players as they offer simpler documentation and convenient car finance options. The market has witness increased use of technology such as simulation tools, online application, and payment methods and others.
By Financial and Non-Financial Institutions (Used Car): In the used car segment non-financial institutions have accounted for the larger share of ~% of the credit disbursed for used cars in Indonesia in 2016. Whereas commercial banks contributed the remaining ~% of the credit disbursed in 2016. Majority customers availing used car loans lie in the low-income level group. Used car loans are riskier as the chance of default is higher. Therefore, customers do not prefer going to a commercial bank for such loans due to the stringent regulation
The industry is fragmented and each company caters to its own niche by specializing in several categories such as product financed (4W, 2W, HE) and geographical reach. These companies majorly compete on improving services, expanding the distribution network and enhancing customer relationships. The car finance market is dominated by multi finance companies as they offer car loan services to middle-class people who form the largest proportion of customers availing car finance. Banks dominate the new car finance market as they are highly regulated and present a reliable source for availing car loans. The major players in the industry are Bank Central Asia (BCA), Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), CIMB and Bank Danamon Indonesia.
The Indonesia car finance market is expected to increase from USD ~ billion in 2016 to USD ~ billion in 2021 at a CAGR of ~% in terms of credit disbursement. The market will be driven by an increase in the sale of passenger cars, inflated ticket size and increased penetration rate. The passenger vehicle segment of Indonesia’s automotive industry is estimated to grow at a CAGR of ~% from 2016 to 2020. The low-cost green car segment (LCGC) is expected to experience the fastest growth at CAGR ~% from 2016 to 2020. Furthermore, with urbanization expected to reach ~% by 2030, significant infrastructure development and growing working-age population, the sale of passenger cars will grow.
- Indonesia Car Finance Market Overview
- Value Chain
- Indonesia Car Finance Market Size by Value, 2011-2016
- Indonesia Car Finance Market Segmentation on the basis of the type of car finance, tenure of loan and type of financial institution
- Trends, Developments, Growth Drivers, Restraints and Government Regulation in Indonesia Car Finance Market
- Decision Making Parameters for Vendor Selection in Indonesia Car Finance Market List of Players with Overview in Indonesia Car Finance Market
- Company Profile of Major Players in Indonesia Car Finance Market
- Indonesia Car Finance Market Future Outlook and Projections
- Analyst Recommendation
Products
Auto Finance, New Car Finance, Loan Disbursed, Net Interest Income, Tenure of Loan, Used Car Finance, Number of Cars Financed, Loan to Value Ratio, Multi Finance Companies, Banks, Captive and Non Captive Financial Institution
Companies
Bank Central Asia (BCA), Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), CIMB, Bank Danamon Indonesia, Astra Sedaya Finance, BCA Finance, Oto Multiartha, Mandiri Tunas Finance, Toyota Astra Financial Services, Adira Dinamika Multi Finance
Table of Contents
1. Executive Summary
Market Potential
Market Segmentation
Trends and Issues
Competitive Landscape
Future Analysis and Projections
Analyst Recommendation
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach – Market Sizing
Market Sizing – Indonesia Car Finance Market
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
3. Indonesia Car Finance Market Overview and Genesis
4. Value Chain Analysis
4.1. Web Aggregators
4.1.1. Online Car Classifieds market
4.1.2. Car finance Aggregator Portals
4.1.3. Company Profiles of Major Car Finance Aggregator Portals in Indonesia
Cekaja
AturDuit
Cermati
4.2. Pain Points
5. Indonesia Car Finance Market Size, 2011-2016
5.1. By Credit Disbursed, 2011-2016
By Number of New Cars and Used Car Financed, 2011-2016
By New Car and Used Car Finance Penetration, 2011-2016
6. Indonesia Car Finance Market Segmentation
6.1. By New Car and Used Car Finance, 2011-2016
6.2. By Tenure of Loan (1 Year, 2 Years, 3 Years, 4 Years and 5 Years), 2016
6.2.1. For New Car, 2016
6.2.2. For Used Car, 2016
6.3. By Financial and Non Banking Financial Institutions, 2016
6.3.1. For New Car, 2016
6.3.2. For Used Car, 2016
7. Trends and Development in Indonesia Car Finance Market
Rising Loan to Value Ratio (LTV) Requirements and Lower Interest Rates
Growing Consumer Confidence Index
Increase in Car Sales
Lower Fuel Prices
Growth of Used Car Market
Recent Developments in Financing Company Activities
8. Government Regulations in Indonesia Car Finance Market
Regulatory framework for Multi Finance Companies
Capital requirements:
Foreign labour restriction
Membership requirement in other organisations
Credit bureau
Mergers and acquisitions
8.1.1. General Requirement and Documentation for New Car Financing
Identification documents
8.1.2. General Requirement and Documentation for Used Car Financing
9. Product Features in Indonesia Car Finance (Tenure, Interest Rate and Conditions)
9.1. BCA Bank
9.2. Bank Mandiri
9.3. Bank Rakyat Indonesia
9.4. Bank Negara Indonesia
9.5. Adira Finance
10. Ways to Finance a Car in Indonesia (Bank Finance or Multi Financing Companies, Personal Finance, Lease Financing)
10.1. Car Financing
Car Mortgaged to the Bank
Salary Transfer
10.2. Buying a Car through Personal Finance
Car not Mortgaged to the Bank
Salary Transfer
10.3. Lease Finance
11. Vendor Selection Process for Car Finance Company in Indonesia
12. Market Share for Major Car Companies and Popular Models in Indonesia
13. Competitive Scenario in Indonesia Car Finance Market
13.1. Market Share of Banks in Indonesia, 2016
13.2. Multi Financing Companies: Market Share in 4W Financing (in terms of Units Financed)
14. Company Profiles for Major Banks in Indonesia
14.1. Bank Central Asia
14.2. Bank Mandiri
14.3. Bank Rakyat Indonesia
14.4. Bank Negara Indonesia
14.5. Bank CIMB Niaga
14.6. Bank Danamon Indonesia
15. Company Profiles for Major Non Captive Non Banking Financial Institutions
15.1. Oto Multiartha
16. Company Profiles for Major Captive Non Banking Financial Institutions (Captives and Non Captives)
16.1. Toyota Astra Financial Services
16.2. Dipo Star Finance
16.3. Other Major Captive Finance Companies
17. Snapshot on Multi Financing Companies (Affiliates of Commercial Banks, Captives and non Captives)
17.1. Financing Activities Share by Type, 2016
18. Future Outlook and Projections for Indonesia Car Finance Market, 2017-2021
Future Trends and Opportunities
18.1. By New Car and Used Car Finance, 2017-2021
18.2. By Loan Disbursed by Financial and Non Financial Institutions, 2021
New Car, 2021
Used Car, 2021
19. Analyst Recommendation
20. Macroeconomic Factors affecting Indonesia Car Finance Market
20.1. Number of New Car Sold in Indonesia, 2011-2021
20.2. Number of Used Car Sold in Indonesia, 2011-2021
20.3. Number of Households in Indonesia, 2011-2021
20.4. Number of Bank branches, 2011-2021
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