France Automotive Loan Market By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), By Provider Type [Banks, NBFCs (Non-Banking Financial Companies, OEM (Original Equipment Manufacturer), Others (Fintech Companies)], By Percentage of Amount Sanctioned (Less than 25%, 25-50%, 51-75%, More than 75%), By Tenure (Less than 3 Years, 3-5 Years, More than 5 Years), By Region, By Company, Forecast & Opportunities 2018-2028F
Published Date: February - 2025 | Publisher: MIR | No of Pages: 320 | Industry: BFSI | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFrance Automotive Loan Market By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), By Provider Type [Banks, NBFCs (Non-Banking Financial Companies, OEM (Original Equipment Manufacturer), Others (Fintech Companies)], By Percentage of Amount Sanctioned (Less than 25%, 25-50%, 51-75%, More than 75%), By Tenure (Less than 3 Years, 3-5 Years, More than 5 Years), By Region, By Company, Forecast & Opportunities 2018-2028F
Forecast Period | 2024-2028 |
Market Size (2022) | USD70.12 Billion |
CAGR (2023-2028) | 4.50% |
Fastest Growing Segment | NBFCs |
Largest Market | Passenger Cars |
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France automotive loan market is witnessing robust growth with the constantly rising cost of vehicles, because an automotive loan is considered the best method for buying a car. It offers several benefits and, when compared to other forms of loan, automotive loan has a more enticing rate. However, like any loan agreement, it is governed by laws whose goal is to keep customers from being overly indebted. In France, the Consumer Code has set the maximum car loan amount at 75,000 euros and the total repayment time at 84 months, for new car purchases. Therefore, it stands to reason that more people are using automotive loans to finance the purchase of new vehicles, driving the growth of automotive loans in France during the forecast period.
The process of purchasing a vehicle involves considering several factors to calculate the credit rate. It is essential to consider the duration and amount of the credit, the borrower's financial and professional status, the establishment's profit margin, the type of vehicle, etc., for the loan to be considerable. Generally, the lender lends the money, and the borrower must return the loan in equated monthly installments (EMIs) over a defined tenure, at a specific interest rate. In France, the maximum loan amount is USD79,599, and the minimum loan term is three months. The automotive loan is primarily provided through banks, NBFCs (non-banking financial services), OEM (original equipment manufacturer), and others (fintech companies) over a specified tenure and interest rate.
According to the French automotive market in September 2022, in partnership with NGC, the data revealed that around 141,155 units of passenger cars were sold in September 2022. MarkLines’s 2021 data shows that approximately 1.659 million automotive vehicles were sold in 2021, in France. According to a survey by Crédit Agricole Consumer France, 56% of all French households that used consumer credit, did so to pay for the purchase of a new car. As a result, the French automotive loan market will be driven by automobile or vehicle sales during the forecasted years.
Expansion of Low Emission Vehicles Fueling the Market Growth
Low-emission mobility zones (ZFE-m) are being established in French cities as a part of the campaign against global warming. The most polluting cars are not allowed access to these zones. Some low-income families and small enterprises located in that area could be significantly impacted by the implementation and extension of ZFE-m, concerning purchasing a clean vehicle. For instance, in low-emission mobility areas of France, zero-rate loans for buying an electric or hybrid car will begin in 2023 for two years as an experiment. The loan can be up to USD31846.80 with a 7-year repayment period for a vehicle worth a maximum of USD47770.20 or USD63693.60, for a van. Those whose taxable income does not exceed €14,000 per year and micro-enterprises are eligible for this interest-free loan. Therefore, with the expansion of low-emission or electric vehicles, the demand for automotive loans will increase in France during the forecast years.
Changes within the Consumer Base Fuels Market Growth
Increased Use of Direct Digital B2C Channels Fuel Market Growth
The pandemic has already pushed the expansion of digital and online platforms for business-to-consumer (B2C) sales. Following these trends, OEMs and other financial institutions have also started virtualizing their businesses and operating remotely. Thus, digital technologies are reshaping payments, lending, etc., in automotive loans. For instance, with the help of digitalization in the automotive loan industry, lenders can track the profile of potential borrowers and the repayment capacity of borrowers. Digitalization gives consumers more options and a better understanding of interest rates and prices from different financial institutions. This transformation has made the environment more competitive and transparent. Therefore, the automotive loan market has been driven by the rise of digital culture to create new solutions to meet the demands of vehicle buyers in France.
Market Segmentation
The France automotive loan market is segmented on vehicle type, provider type, percentage of amount sanctioned, and tenure. The market is divided into two-wheeler, passenger cars, and commercial vehicles based on vehicle type. Based on the provider type, the market is segmented into banks, NBFCs (non-banking financial services, OEM (original equipment manufacturers), and others (fintech companies). Based on the percentage of amount sanctioned, the market is segmented into less than 25%, 25-50%, 51-75%, and more than 75%. By tenure, the market is segmented into less than 3 years, 3-5 years, and more than 5 years.
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Company Profiles
Crédit Mutuel Arkéa (Financo), BNP Paribas Personal Finance (Cetelem), Crédit Agricole Group (Sofinco),
Attribute |
Details |
Base Year |
2022 |
Historical Years |
2018 – 2021 |
Estimated Year |
2023 |
Forecast Period |
2024 – 2028 |
Quantitative Units |
Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered |
Vehicle Type Provider Type Percentage of Amount Sanctioned Tenure Region |
Regional Scope |
Northern France, Western France, Southern France, Eastern France, Central France |
Key Companies Profiled |
Crédit Mutuel Arkéa (Financo), BNP Paribas Personal Finance (Cetelem), Crédit Agricole Group (Sofinco), Societe Generale Group, Orange Bank SA, BNP Paribas Personal Finance (Cofinoga), Carrefour Banque, SA, Toyota France Financement, Capitole Finance – Tofinso, Cofidis SA |
Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options |
Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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Table of Content
Table of content
1. Introduction
1.1. Market Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer Analysis
4.1. Source of Information
4.2. Brand Awareness
4.3. Factors Influencing Availing Decision
5. France Car Loan Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Vehicle Type Market Share Analysis (New Car, Used Car)
5.2.2. By Tenure Market Share Analysis (Less than 3 Years, 3-5 Years, More than 5 Years)
5.2.3. By Provider Type Market Share Analysis (Banks, NBFCs (Non-Banking Financial Companies), OEM (Original Equipment Manufacturer), Others (Fintech Companies))
5.2.4. By Regional Market Share Analysis
5.2.4.1. Northern France Market Share Analysis
5.2.4.2. Western France Market Share Analysis
5.2.4.3. Southern France Market Share Analysis
5.2.4.4. Eastern France Market Share Analysis
5.2.4.5. Central France Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2024)
5.3. France Car Loan Market Mapping & Opportunity Assessment
5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
5.3.2. By Tenure Market Mapping & Opportunity Assessment
5.3.3. By Provider Type Market Mapping & Opportunity Assessment
5.3.4. By Region Market Mapping & Opportunity Assessment
6. France New Car Loan Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Tenure Market Share Analysis
6.2.2. By Provider Type Market Share Analysis
7. France Used Car Loan Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Tenure Market Share Analysis
7.2.2. By Provider Type Market Share Analysis
8. Market Dynamics
8.1. Drivers
8.2. Challenges
9. Market Trends & Developments
10. SWOT Analysis
10.1. Strengths
10.2. Weaknesses
10.3. Opportunities
10.4. Threats
11. France Economic Profile
12. Policy & Regulatory Landscape
13. Competitive Landscape
13.1. Competitive Benchmarking
13.2. Company Profiles
13.2.1. Credit Agricole S.A.
13.2.1.1. Company Details
13.2.1.2. Products & Services
13.2.1.3. Financials (As Per Availability)
13.2.1.4. Key Market Focus & Geographical Presence
13.2.1.5. Recent Developments
13.2.1.6. Key Management Personnel
13.2.2. Societe Generale Group
13.2.2.1. Company Details
13.2.2.2. Products & Services
13.2.2.3. Financials (As Per Availability)
13.2.2.4. Key Market Focus & Geographical Presence
13.2.2.5. Recent Developments
13.2.2.6. Key Management Personnel
13.2.3. BNP Paribas Group
13.2.3.1. Company Details
13.2.3.2. Products & Services
13.2.3.3. Financials (As Per Availability)
13.2.3.4. Key Market Focus & Geographical Presence
13.2.3.5. Recent Developments
13.2.3.6. Key Management Personnel
13.2.4. BPCE SA
13.2.4.1. Company Details
13.2.4.2. Products & Services
13.2.4.3. Financials (As Per Availability)
13.2.4.4. Key Market Focus & Geographical Presence
13.2.4.5. Recent Developments
13.2.4.6. Key Management Personnel
13.2.5. Cofidis Group
13.2.5.1. Company Details
13.2.5.2. Products & Services
13.2.5.3. Financials (As Per Availability)
13.2.5.4. Key Market Focus & Geographical Presence
13.2.5.5. Recent Developments
13.2.5.6. Key Management Personnel
13.2.6. The La Banque Postale Group
13.2.6.1. Company Details
13.2.6.2. Products & Services
13.2.6.3. Financials (As Per Availability)
13.2.6.4. Key Market Focus & Geographical Presence
13.2.6.5. Recent Developments
13.2.6.6. Key Management Personnel
13.2.7. Caisse Fédérale de Crédit Mutuel
13.2.7.1. Company Details
13.2.7.2. Products & Services
13.2.7.3. Financials (As Per Availability)
13.2.7.4. Key Market Focus & Geographical Presence
13.2.7.5. Recent Developments
13.2.7.6. Key Management Personnel
13.2.8. Crédit Agricole Group (Sofinco)
13.2.8.1. Company Details
13.2.8.2. Products & Services
13.2.8.3. Financials (As Per Availability)
13.2.8.4. Key Market Focus & Geographical Presence
13.2.8.5. Recent Developments
13.2.8.6. Key Management Personnel
13.2.9. Franfinance SA
13.2.9.1. Company Details
13.2.9.2. Products & Services
13.2.9.3. Financials (As Per Availability)
13.2.9.4. Key Market Focus & Geographical Presence
13.2.9.5. Recent Developments
13.2.9.6. Key Management Personnel
13.2.10. Banque Stellantis France
13.2.10.1. Company Details
13.2.10.2. Products & Services
13.2.10.3. Financials (As Per Availability)
13.2.10.4. Key Market Focus & Geographical Presence
13.2.10.5. Recent Developments
13.2.10.6. Key Management Personnel
14. Strategic Recommendations
14.1. Key Focus Areas
14.2. Target Vehicle Type
14.3. Target Tenure
15. About Us & Disclaimer
List Tables Figures
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