Market Share of Australia Automotive Financing Industry
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
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National Australia Bank Limited
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The Australia and New Zealand Banking Group Limited
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Toyota Finance Australia Limited
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Hyundai Motor Company, Australia Pty Limited
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Mahindra Automotive Australia Pty Ltd
*Disclaimer: Major Players sorted in no particular order
