Automotive finance encompasses the financial products and services facilitating the purchase or leasing of new and used vehicles. This includes traditional auto loans, leasing agreements, and, increasingly, newer models like subscription services and Buy Now, Pay Later (BNPL) options. Key providers are commercial banks, captive finance arms of Original Equipment Manufacturers (OEMs), and other financial institutions, with banks often holding the largest market share globally.
Global Automotive Finance market is poised for robust growth. The market size, valued at approximately USD 331.68 billion in 2026, is projected to reach around USD 590.5 billion by 2033. This translates to a Compound Annual Growth Rate (CAGR) of between 7.1% and 8.08% during the 2026-2033 forecast period, underscoring its significant market potential.