Research and Markets: Consumer Automotive Financial Services in Canada

pan>)--Research and Markets (http://www.researchandmarkets.com/research/zhscsq/consumer)
has announced the addition of the Consumer
Automotive Financial Services in Canada report to their
offering.
Consumer Automotive Financial Services in Canada investigates the market
for automotive financial services linked to sales of new and used
passenger cars to individual buyers in Canada. In addition to analysing
the market for finance and leasing services, the study also covers
creditor insurance, motor insurance, road assistance, extended
warranties, prepaid service contracts, plus four niche protection
products, namely excess wear and tear, GAP, scratch and dent, and tire
and rim.
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 Canada is
provided in terms of gross advances and assets leased for 2008 to 2012
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 creditor insurance, motor insurance, road assistance, extended
warranties, prepaid service contracts, and the four niche protection
products mentioned above are sized in terms of gross written premiums
and other revenues sold through the automotive trade (i.e. via dealers
and manufacturers) in 2012. These markets, estimated to be worth USD
1.44 billion (about CAD 1.41 billion) in total in 2012, are broken down
between new and used cars, and between new contracts sold during 2012
and in-force business sold in previous years but still being renewed in
2012.
Companies Mentioned
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 33
car manufacturer brands in Canada. 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.
In addition to captive finance companies owned by manufacturer brands,
organisations covered by the report include BMO Financial Group, First
Canadian, Groupe PPP, Industrial Alliance, LGM, Motors Insurance
Corporation, Royal Bank of Canada, Scotiabank, SSQ Financial Group,
Sykes Assistance Services, Sym-Tech and TD Canada Trust. Together, the
report and database will provide you with the definitive guide to
current and future opportunities in consumer automotive financial
services in Canada
For more information visit http://www.researchandmarkets.com/research/zhscsq/consumer

Information Source: Business Wire