Industry Research Reports and Market Analysis at MindBranch.com
  

An Overview of Automobile Financing at the Dawn of the New Millennium

Product Type: Market Research Report
Published by: TowerGroup
Published: January 2000
Product Code: R301-615
Description
Automotive sales are equal to about 20% of all retail sales in the US. Automotive lending dominates noncard, nonmortgage lending, and is equal to about 10% of all consumer credit, including cards and mortgages. This TowerGroup Research Note provides an overview of the issues that impact the use of information technology in the automotive industry. The primary focus is on North America, although global information is provided when appropriate. Sections in this Note cover: 1) the scale of credit outstanding, application volumes, and spending on information technology (IT) in the industry; 2) major players that provide finance to consumers and acquire external IT; 3) the basic stages in the automobile lending pipeline with an emphasis on practices that distinguish it from other types of consumer lending; and 4) emerging technologies (e.g., imaging) that may be more applicable to automobile lending than other types of consumer loans. Each of the broad topics introduced in this report is covered in greater depth in other TowerGroup Research Notes focused on automobile finance.
Table of Contents
Highlights

Introduction

Background

  • Key Metrics
  • Business Practices
  • Wholesale/Floorplan Finance
  • Channels
  • Loans vs. Leases

    Automobile Lending Pipeline

  • Step 1. Application Management
  • Step 2. Score (Consumer Credit Scorecards)
  • Step 3. Documentation and Compliance Vendors
  • Step 4. Servicing
  • Step 5. Collections and Recovery

    Supporting Technologies and Strategies

  • Internet Technologies
  • Imaging and Document Management
  • Outsourcing
  • Decision Engines

    Conclusions

    • Ordering and More Information
    Price and Delivery Options


    MindBranch has been the leading provider of industry and investment research from more than 550 independent research firms since 1992. With over 90,000 market research reports, MindBranch is your trusted source of competitive business intelligence.