Dear yourficomatters,
Thanks for your question. First, let me request that if any of the
following is unclear or if you require any further research – please
don’t hesitate to ask me for a clarification.
Used car financing by type - finance, cash or lease - from 1992
through 1999 - addresses the first part of your question neatly,
plus provides you with the trend as well as with cash and lease
breakdown:
Used-car financing by type used for retail used-car purchases
----------------------------------------------------------
Finance Cash Lease
1992 78.3% 21.5 0.2
1993 77.2 22.6 0.2
1994 75.7 23.9 0.1
1995 72.6 26.7 0.7
1996 73.2 25.2 1.6
1997 73.4 24.4 2.2
1998 72.9 24.7 2.4
1999 71.4 25.8 2.8
Source: “Current sales boom may be prelude to light-truck glut,”
Automotive News 16, June 16 1997
Market share of ALL auto loans (i.e. used AND new) by type of lender
for 1996-1998 - commercial bank, finance company, credit union or
other:
Market Share of Auto Loans at year-end by major loan holder type
----------------------------------------------------------------
Major Holders 1996 1997 1998
Commercial banks 43.6 41.9 40.6
Finance companies 31.1 31.8 33.1
Credit unions 22.3 22.8 22.3
Other 3.0 3.5 4.0
Source: “Industry Trends: Shifting Market Shares Of Auto Loans,”
Consumer Trends XXXV (11): 8, November 1998
“Bonus” - auto loan trends for credit unions:
Auto Loan Trends
National Averages for Credit Unions with over $50M in member deposits
--------------------------------------------------------------
Average Number of Auto Loans in Portfolio - 5,563
Average Cost of New Auto Loans Outstanding - $27,550,740
Average Cost of Used Auto Loans Outstanding - $27,978,053
Average Leases Receivable - $710,604
Average Auto Loan Balance - $9,978
Average Auto Loans Per Member - $1,533
Auto Loan and Lease Penetration - 15.5%
Auto Loans and Leases to Total Loans - 37.1%
Delinquent Auto Loans and Leases - 0.98%
New Auto Loan Rates - 7.76%
Source: “Analysis Of Lending Data Shows What's Working For Cus,”
Credit Union Journal IV (29): 18, July 17 2000
Per your comment, this response should adequately address your
request. I will continue to be on the look-out for additional data on
this subject, and will post it here as a follow-up if I come up with
anything.
Thanks,
ragingacademic-ga
Additional Links:
Consumer Credit, Car Financing and Industrial Credit Activity in
Europe:
www.eurofinas.org/ar_and_stats/ stat_ef/Bulletin_N%B01.pdf
Internet car retailing
faculty.haas.berkeley.edu/florian/ Papers/internetcars.pdf
Cowboys or Cowards: Why are Internet Car Prices Lower?
groups.haas.berkeley.edu/imio/florian090502.pdf |