PUNE, India, November 21, 2022 (GLOBE NEWSWIRE) — The global automotive financing market should gain traction due to the increasing trend towards engine downsizing. The installation of turbochargers or compressors would reduce displacement and the number of cylinders. It would affect vibration and speed, thereby improving the car’s sound quality. This information is provided by Fortune Business Insights™ in a new report titled Automotive Finance Market, 2021-2028. According to the report, the size of the automotive financing market is projected to grow from US$245.62 billion in 2021 to US$385.42 billion in 2028 at a CAGR of 6.5% over the forecast period. In 2020 it was USD 248.10 billion.

industry development

September 2021: Mitsubishi UFJ Lease & Finance and Hitachi Capital, the leading leasing companies in Japan, have announced their cooperation until April 2021. Hitachi Capital and Mitsubishi UFJ Lease & Finance intend to expand their operations globally in order to gain greater market share.

Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-finance-market-100122

Report Highlights:

Market Highlights:

Increasing use of mobile and web-based platforms to drive growth

One of the most innovative technologies emerging in the auto finance market is the online loan service. Various web and mobile-based platforms help people to apply for loan services, compare themselves to other companies and view them easily….