Research and Markets (http://www.researchandmarkets.com/research/43tk8z/consumer) has announced the addition of the "Consumer Automotive Financial Services in South Africa" report to their offering.
Consumer Automotive Financial Services in South Africa investigates the market for automotive financial services linked to sales of new and used passenger cars to individual buyers in South Africa. In addition to analysing the market for finance and leasing services, the study also covers motor insurance, road assistance, extended warranties, creditor insurance, GAP insurance, prepaid service contracts, minor damage insurance and tyre insurance.
Using survey results for average take-up rates for finance and leasing propositions at the point of sale, data for the size and growth of the automotive finance and leasing market for consumers in South Africa is provided in terms of gross advances and assets leased for 2010 to 2014 with splits between finance for new and used cars and between finance organised through dealerships at the point of sale and directly with banks or other lending institutions.
Moreover, also by means of data for average take-up rates, the markets for motor insurance, road assistance, extended warranties, creditor insurance and prepaid service contracts are sized in terms of gross written premiums and other revenues sold through the automotive trade (i.e. via dealers and manufacturers) in 2014. These markets, estimated to be worth almost ZAR 10 billion in total in 2014, are broken down between new and used cars, and between new contracts sold during 2014 and in-force business sold in previous years but still being renewed in 2014.
The report draws on a survey of 60 leading car dealerships as well as an analysis of the approach to consumer automotive financial services of 39 car manufacturer brands in South Africa. The PartnerBASE dataset that accompanies the report details each of the marketing initiatives for consumer automotive financial services traced by Finaccord for both dealers and manufacturers; a market data annexe is also available in a convenient spreadsheet format so that there is no need to re-enter key data points from the report.
For more information visit http://www.researchandmarkets.com/research/43tk8z/consumer
