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

The Auto Loan Market Report is segmented by vehicle type (passenger vehicles, commercial vehicles), by ownership (new vehicles, used vehicles), by end-user (individual, enterprise), by loan provider (banks, OEMs, credit unions, and other loan providers) and by region (North America, Europe, Asia-Pacific, South America, the Middle East, and the Rest of the World). The market sizes and forecasts for the auto loan market are provided in terms of value (USD) for all the above segments.

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

Auto Loan Market Size

Auto Loan Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.00 %
Market Concentration Medium

Major Players

Auto Loan Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Auto Loan Market with other markets in Financial Services and Investment Intelligence Industry

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Auto Loan Market Analysis

The Auto Loan Market is expected to register a CAGR of greater than 5% during the forecast period.

Automobile sales globally have observed a continuous increase over the years, increasing the number of vehicles purchased with a rise in rise in number of auto loans taken by people for financing them. Based on the duration, loan providers globally are increasing their rate of interest as long-term loans are associated with higher risk. With differences in the types of vehicles purchased between developed and developing countries, sales of auto loans category also vary. As developing countries such as India exist with a major share of two-wheelers in automobile sales, developed countries such as the United States exist with a major share of four vehicles (Light Truck) in their automobile sales. In terms of global motor vehicle sales, passenger cars have emerged with a share of more than 60%, and the remaining share is occupied by commercial vehicles. Post-COVID-19 price of passenger vehicles has almost stabilized, with commercial vehicles observing a price rise of 10-12%, resulting in a decline in their sales and their associated loan business.

The Auto loan market exists with a varied demand for its products, having intra-country differences. Loan providers are continuously emerging with new loan products for making the purchase of automobiles easy and more convenient. Among the Automobile loan providers, Banks, Captive finance, and credit unions exist with a major share of around 70%, with the rate of interest varying between 4% to 10% in different countries.

To promote the adoption of Electric vehicles, Auto loan providers are coming with low and long-term interest rates on these vehicle loans. Post-COVID-19, China, the United States, and India have emerged as the world's largest auto market, resulting in rising opportunities for Auto loan providers in the regions.

Auto Loan Industry Overview

The auto loan market currently exists in a fragmented form, with the existence of a large number of players. Rising competition among firms for lower interest rates on loans with minimization of processing fees is leading to more competitive firms investing to occupy a large share of the customers. The technological innovation of digital loans and banking apps is further making Auto loans more efficient for borrowers. Some of the existing players in the Auto Loan Industry are Ally Financial, Wells Fargo, Chase, Capital One, and Bank of America.

Auto Loan Market Leaders

  1. Ally Financial

  2. Wells Fargo

  3. Chase

  4. Capital One

  5. Bank of America

  6. *Disclaimer: Major Players sorted in no particular order
Auto Loan Market Concentration
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Auto Loan Market News

  • March 2022: Solera Holdings LLC, existing as a vehicle lifecycle management firm, launched its Solera Auto Finance product in the United States. The product exists as an integrated financing solution enabling franchise and independent dealers to provide competitive-rate auto loans to used car buyers.
  • April 2022: Auto-tech company CarDekho launched its fintech platform Rupyy to offer its financing options to automobile customers and retailers. The end-to-end digital platform makes the Auto loan process more efficient with a quick turnaround time.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS AND INSIGHTS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increase in Demand for Passenger Vehicles
    • 4.2.2 Quick Processing of Loan Increasing Automobile Loan Sales
  • 4.3 Market Restraints
    • 4.3.1 Rising of Interest Rates by Banks
    • 4.3.2 Rising Price in Automobile Market
  • 4.4 Market Opportunities
    • 4.4.1 Emerging Market of Electric Vehicles Expanding the Auto Loan Market
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Technological Innovations in Auto Loan Market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Vehicle Type
    • 5.1.1 Passenger Vehicle
    • 5.1.2 Commercial Vehicle
  • 5.2 By Ownership
    • 5.2.1 New Vehicle
    • 5.2.2 Used Vehicle
  • 5.3 By End-User
    • 5.3.1 Individual
    • 5.3.2 Enterprise
  • 5.4 By Loan Provider
    • 5.4.1 Banks
    • 5.4.2 OEM
    • 5.4.3 Credit Unions
    • 5.4.4 Other Loan Providers
  • 5.5 By Region
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 United Kingdom
    • 5.5.2.2 Germany
    • 5.5.2.3 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Peru
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arad Emirates
    • 5.5.5.3 Rest of Middle East
    • 5.5.6 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profile
    • 6.2.1 Ally Financial
    • 6.2.2 Wells Fargo
    • 6.2.3 Chase
    • 6.2.4 Capital One
    • 6.2.5 Bank of America
    • 6.2.6 BNP Paribas Financial Service
    • 6.2.7 Credit Agricole
    • 6.2.8 HDFC Bank
    • 6.2.9 ICICI Bank
    • 6.2.10 Mashreq Bank*

7. MARKET FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

**Subject to Availability
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Auto Loan Industry Segmentation

An automobile loan allows a user to borrow money from a lender and use it to purchase different forms of vehicles, which include Passenger and commercial vehicles. The loan is paid back to the issuer in the form of installments over some time with an agreed amount of interest payment.

 The auto loan market is segmented by vehicle type (passenger vehicles, commercial vehicles), by ownership (new vehicles, used vehicles), by end-user (individual, enterprise), By loan provider (banks, OEMs, credit unions, and other loan providers) and by region (North America, Europe, Asia-Pacific, South America, the Middle East, and the Rest of the World). 

The report offers market sizes and forecasts for the auto loan market in value (USD) for all the above segments.

By Vehicle Type Passenger Vehicle
Commercial Vehicle
By Ownership New Vehicle
Used Vehicle
By End-User Individual
Enterprise
By Loan Provider Banks
OEM
Credit Unions
Other Loan Providers
By Region North America United States
Canada
Rest of North America
By Region Europe United Kingdom
Germany
Rest of Europe
By Region Asia-Pacific China
Japan
India
Rest of Asia-Pacific
By Region South America Brazil
Peru
Rest of South America
By Region Middle East Saudi Arabia
United Arad Emirates
Rest of Middle East
By Region Rest of the World
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Frequently Asked Questions

What is the current undefined size?

The undefined is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in undefined?

Ally Financial, Wells Fargo, Chase, Capital One and Bank of America are the major companies operating in the undefined.

What years does this undefined cover?

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

Auto Loan Industry Report

Statistics for the 2025 Auto Loan market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Auto Loan analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.