Australia Auto Financing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Australia Automotive Finance Market Companies and it is segmented by Type (New Vehicle and Used Vehicle), Source Type (OEMs, Banks, Credit unions, and Financial Institutions), and Vehicle Type (Passenger Cars and Commercial Vehicles). The Market Size and Forecast of the Australian automotive financing market are provided in terms of value (USD billion) for all the above mentioned segments.

Australia Auto Financing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Australian Automotive Financing Market Size

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Australia Automotive Financing Market Overview
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 6.30 %
Market Concentration Low

Major Players

Australia Automotive Financing Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Australia Automotive Financing Market with other markets in Automotive Industry

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Australian Automotive Financing Market Analysis

The Australia Automotive Financing Market is expected to register a CAGR of 6.3% during the forecast period.

Automotive sales in Australia have been impressive with Toyota, Volkswagen AG, and other players leading the market forefront. With changing consumer preferences and preferred car models offered by these companies, consumers are shifting towards car financing models to maintain their financial stability and own a car that can be easily financed over longer and shorter term EMI.

Covid-19 has triggered the market for automotive financing. Although before Covid people prefer to buy cars at full cash payment in order to avoid long-term EMI payments disturbing individual budgets. During covid people in Australia suffered economic losses and financial crisis which has helped them to realize the price and value of money. Post covid people have changed their respective ideologies in terms of money saving and security.

Moroever, this has triggered the deman dor finncing a car based on down pyments and paying rest amounts in the form of month EMI. This has helped consumer to manage their respective monthly expensiture nd also helped people with lower disposable income.

Considering these aspects demand for atomotive financing in Australia is expected to witness high growth rate during forecast period.

Australian Automotive Financing Industry Overview

The market for automotive financing in Australia is on the fragmented side. The presence of many organized and unorganized players has created such a market scenario. Also, most auto manufacturers, apart from offering their own financing, have tie-ups with banks and other financial institutions to offer a wider choice for their customers. But the relatively easier procedures to procure a loan from various nonbaking and city unions are expected to tilt the market in their favor.

Financiers including OEM, banks, and city unions have made stregatic forefront in order to witness improved sales bars in the market. Key major players ruling the market include Toyota Finance Australia Limited, Hyundai Motor Company, Australia Pty Limited, Mozo Pty Ltd., National Australia Bank Limited, and Australia, and New Zealand Banking Group Limited. Players are offering strategic offerings in terms of interest rates, loan tenure, and affordable downpayments.

Australian Automotive Financing Market Leaders

  1. National Australia Bank Limited

  2. The Australia and New Zealand Banking Group Limited

  3. Toyota Finance Australia Limited

  4. Hyundai Motor Company, Australia Pty Limited

  5. Mahindra Automotive Australia Pty Ltd

  6. *Disclaimer: Major Players sorted in no particular order
australia automotive financing market.png
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Australian Automotive Financing Market News

In August 2022, Australian banks announced that it has implemented a policy to stop issuing car loans for new upcoming gasoline and diesel cars in 2025. The initiative will prevent customers from being locked in IC engine cars.

Australian Automotive Financing Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value USD Billion)

  • 5.1 Type
    • 5.1.1 New Vehicle
    • 5.1.2 Used Vehicle
  • 5.2 Source Type
    • 5.2.1 OEM
    • 5.2.2 Banks
    • 5.2.3 Credit Unions
    • 5.2.4 Financial Institution
  • 5.3 Vehicle Type
    • 5.3.1 Passenger Cars
    • 5.3.2 Commercial Vehicles

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 The Australia and New Zealand Banking Group Limited
    • 6.2.2 Plenti Pty Limited
    • 6.2.3 National Australian Bank
    • 6.2.4 Toyota Finance Australia Limited
    • 6.2.5 Hyundai Motor Company, Australia Pty Limited
    • 6.2.6 Kia Australia Pty Ltd.
    • 6.2.7 Mahindra Automotive Australia Pty Ltd
    • 6.2.8 OzCar Pty Ltd.
    • 6.2.9 Dutton Group
    • 6.2.10 Mozo Pty Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Australian Automotive Financing Industry Segmentation

Automotive financing is the service that offers new vehicles to consumers at much-lowered prices at affordable EMI installments. These installments are divided based on the loan amount, and tenure with some fixed rate of interest.

The Automotive financing market is segmented on the basis of type, source type, and vehicle type. On the basis of type, the market has been segmented into new vehicles and used vehicles. On the basis of source type, the market has been segmented into OEMs, banks, credit unions, and financial institutions, and on the basis of vehicle type, the market has been segmented into passenger cars and commercial vehicles. The report covers the market size in value (USD billion) for all the above-mentioned segments

Type New Vehicle
Used Vehicle
Source Type OEM
Banks
Credit Unions
Financial Institution
Vehicle Type Passenger Cars
Commercial Vehicles
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Australian Automotive Financing Market Research FAQs

What is the current Australia Automotive Financing Market size?

The Australia Automotive Financing Market is projected to register a CAGR of 6.3% during the forecast period (2025-2030)

Who are the key players in Australia Automotive Financing Market?

National Australia Bank Limited, The Australia and New Zealand Banking Group Limited, Toyota Finance Australia Limited, Hyundai Motor Company, Australia Pty Limited and Mahindra Automotive Australia Pty Ltd are the major companies operating in the Australia Automotive Financing Market.

What years does this Australia Automotive Financing Market cover?

The report covers the Australia Automotive Financing Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Australia Automotive Financing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Automotive Finance in Australia Industry Report

The automotive finance market in Australia is experiencing robust growth, driven by evolving consumer preferences and the increasing accessibility of financing options. Market research indicates a shift towards used vehicles, primarily due to their affordability and the availability of attractive financing plans offered by car finance companies in Australia. This trend is bolstered by the ease of securing loans with favorable terms, such as lower down payments and manageable EMIs, catering to a diverse financial demographic.

Additionally, there's a rising demand for passenger vehicles, spurred by advancements in financing for electric and hybrid vehicles, aligning with the industry's move towards sustainability. The competitive landscape features a mix of traditional banks and specialized car finance companies in Australia, competing on interest rates, loan terms, and customer service. These companies are increasingly adopting digital platforms to enhance customer experiences and streamline the financing process.

The market overview highlights the significant growth rate and market growth, supported by comprehensive industry analysis and market forecast. Industry reports provide detailed insights into market segmentation, market value, and industry trends, offering a clear market outlook. The market data and industry information underscore the importance of understanding market leaders and their strategies.

For detailed insights into the automotive finance market in Australia, including market share, market size, industry size, and a forecast outlook, download a free report PDF sample from Mordor Intelligence™ Industry Reports. This report example serves as a vital resource for research companies seeking to understand the market review and industry statistics. The report also includes market predictions and industry research, ensuring a thorough understanding of the market dynamics and industry sales.