Singapore Auto Finance Market Outlook to 2025 (Edition II)
Driven by exorbitant Car Prices, Growing Digital Penetration and evolving Vehicle Ownership Characteristics amidst Systemically Regulated Car Ownership Policies by the Government
Region:Asia
Author(s):Angshuman Dutta
Product Code:KR1116
January 2022
72
About the Report
Singapore Auto Finance Market Overview and Size
The Singapore Auto Finance Market was observed to be in maturity stage during the period of 2015-2020 despite growing digital advancements to ease loan application process, emerging green car loans and introduction of finance aggregators. This is due to the strict regulations of government in terms of maintaining the on-road vehicles. The Singapore Auto Finance Industry had shrunk at a CAGR of ~0.1% on the basis of Auto credit disbursed and slightly grown at ~1.5% basis Auto Loan Outstanding in 2015-20. The CAGR was comparatively low owing to less number of cars financed in 2020 due to COVID – 19.
Singapore Auto Finance Market Segmentations
Competitive Landscape of Singapore Auto Finance Market
Singapore Auto Finance Market Future Outlook & Projections
Key Topics Covered in the Report
- Comprehensive analysis of Singapore Auto Finance Market and its segments.
- Listed major players and their positioning in the market.
- Identified major industry developments in last few years and assessed the future growth of the industry.
Products
Key Target Audience
- Existing Auto Finance Companies
- Banks
- OEM Dealerships
- Captive Finance Companies
- Credit Unions
- Private Finance Companies
- New Market Entrants
- Government Organizations
- Investors
- Auto mobile Associations
- Auto mobile OEMs
Time Period Captured in the Report:-
- Historical Period: 2015-2020
- Forecast Period: 2020-2025
Companies
Key Segments Covered
By Type of Cars Financed- (Units)
- New Vehicles
- Used Vehicles
By Type of Institution (Loan Outstanding) (SGD Billion)
- Banks & Subsidiaries
- Finance Companies
- Others
Companies Covered
(Banks)
- DBS Bank
- UOB
- MayBank
- OCBC
- Standard Chartered Bank
(Finance Companies)
- Hong Leong Finance
- Singapura Finance
- Sing Investment & Finance
- Singapore Auto Finance Property Holdings
- Credit MasterCarro
- SG Cash N
- ars
- Speed Credit
- SF Holdings
- Accord Motoring
- Vincar
- Goldbell Financial Services
- Capitall
- Money Max Leasing
Table of Contents
1. Executive Summary
1.1 Executive Summary – Singapore Auto Finance Market
1.2 Singapore Auto Finance Industry Market Flow Chart
2. Country Overview
2.1Executive Summary (Country Demographics, Major Industries, Trade Scenario, GDP, Geographical Location)
2.2Demographic Analysis of Car Buyers in Singapore
3. Singapore Automotive Industry
3.1 Singapore Automotive Market Overview
3.2 Singapore Automotive Market Future Projections
3.3 Singapore Automotive Market Import and Export Scenario
3.4 Singapore Automotive Market Major OEM Players basis Passenger Car Sales
4. Singapore Automotive Finance Industry
4.1 Singapore Automotive Finance Ecosystem (Banks, Dealerships, NBFCs)
4.2 Singapore Auto Finance Market Evolution
4.3 Singapore Auto Finance Market Value Chain Analysis
4.4 Singapore Auto Finance Industry Market Overview (Loan Outstanding)
4.5 Singapore Auto Finance Industry Market Overview (Credit Disbursed)
4.6 Market Segmentation basis Type of Cars Financed (New car, Used Car)
4.7 Market Segmentation basis Type of Institution (Banks, Finance Companies and Others)
4.8 Issues and Challenges in the Industry
4.9 Trends and Developments in the Industry
4.10 SWOT Analysis of the Industry
4.11 Government Policies Affecting the Industry
4.12 Major Types of Car Loans Available in the Industry ( New Car Loan, Used Car Loan, COE
Financing, Direct Hire Purchase)
4.13 Decision Making Parameter for Selecting Car Loan Vendor
4.14 COVID Impact on the Singapore Auto Finance Industry
5. Singapore Automotive Finance Aggregator Market
5.1 Singapore Automotive Finance Aggregator Market Overview
5.2 Impact of Aggregator Platforms on Various Financial Institutions
5.3 Case Study: LANDELA
6. Singapore Automotive Finance Competitive Analysis
6.1 Singapore Automotive Finance Competition Overview
6.2 Singapore Auto Finance Market Players Cross Comparison ( Establishment year, Headquarters,
Branches, Interest Rates, Service Offering, Partners, Number of Employees, Lone Tenure, Recent
Trends and more)
7. Singapore Auto Finance Major Players Company Profiles (Banks)
7.1 MayBank (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
7.2 UOB (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
7.3 DBS Bank (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
7.4 OCBC (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan Information)
8. Singapore Auto Finance Major Players Company Profiles (NBFCs)
8.1 Hong Leong Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan
Information)
8.2 Singapura Finance (Overview, Product Portfolio, USP, Key Financial Statistics, Car Loan
Information)
8.3 Sing Investment and Finance (Overview, Product Portfolio, USP, Key Financial Statistics,
Car Loan Information)
9. Singapore Automotive Finance Market Future Analysis
9.1 Singapore Auto Finance Market Future Projections (Loan Outstanding)
9.2 Singapore Auto Finance Market Future Projections (Credit Disbursed)
9.3 Market Segmentation Future Projections basis Type of Cars Financed (New car, Used Car)
9.4 Market Segmentation Future Projections basis Type of Institution (Banks, Finance Companies
and Others)
10. Analyst Recommendations
10.1 Analyst Recommendations for Auto Finance Players
10.2 Analyst Recommendations for Car Buyers in Singapore
11. Definitions & Research Methodology
Disclaimer
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