More than half of all sales in the Singapore Automotive Industry are of used vehicles, owing to the country's high cost of living and a plethora of extra levies. Despite the government's initiatives aimed at reducing the number of automobiles on the road, there are approximately one million vehicles on Singapore's roadways. As new au ....

Buy Now Key Findings Increasing Number of Auto Finance service providers are focussing on improving their Value-Added Services and streamlining their business operations using Big Data, Data Analytics Tools, IoT, AI and others. The rise in private car service financing is driving the Singapore automotive financing market . The objecti ....

Buy Now The Singapore Auto Finance industry is at a growth stage and is increasingly being supported by modern digital infrastructure and huge loan portfolio. The average cost of car loan in the industry is ~2.6% and ~2.7% for a new or used car respectively. Singapore Auto Finance market has grown in the in past few years owing to the favor ....

Rising Digital Advancements: In recent years, Singapore’s Auto Finance Industry is increasingly moving towards more digital, platform-based and simplified systems, to increase its acceptance and overall efficiency. High penetration of mobile commerce has led to large disruption in the segment, with market participants being able capture a lion ....

Buy Now The report titled “ 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 Polices by the Government ” provides a comprehensive analysis on the performance of the Auto Financ ....

Singapore hasn't had a car manufacturing plant since Ford closed its factory several decades ago, effectively ending automobile production on the island owing to which it imports all its cars from other countries. Increasing Number of Auto Finance service providers are focussing on improving their Value Added Services and streamlining their busi ....

How Is Singapore Auto Finance Market Positioned? The Singapore Auto Finance industry is at a growth stage and is increasingly being supported by modern digital infrastructure and huge loan portfolio. The average cost of car loan in the industry is ~2.4% and~2.7% for a new or used car respectively. Singapore Auto Finance market has grown ....