Bharat Book Bureau Updates on Consumer Auto Financial Services in Luxembourg

Bharat Book Bureau announced its report: "Consumer Automotive Financial Services in Luxembour."

In a release, Bharat Book Bureau noted that report highlights include:

This report investigates the market for automotive financial services linked to sales of new and used passenger cars to individual buyers in Luxembourg. In addition to analyzing the market for finance and leasing services, the study also covers creditor insurance, motor insurance, road assistance, extended warranties, GAP insurance, and prepaid service contracts.

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 Luxembourg 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 organized 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, GAP 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 2012. These markets, estimated to be worth EUR 21.4 million 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.

In addition to captive finance companies owned by manufacturer brands, organizations covered by the report include Alpha Credit, Automobile Club du Luxembourg, Autos diffusion M. Losch Service Leasing, Banquet International a Luxembourg, BGL BNP Paribas, Buy Way Personal Finance, CarGarantie, IMA Benelux, La Luxembourgeoise and Record Bank. Together, the report and database will provide you with the definitive guide to current and future opportunities in consumer automotive financial services in Luxembourg.

Table of Contents:

EXECUTIVE SUMMARY

INTRODUCTION

What is this report about?

-The focus of the report is on financial services related to the sale of passenger cars to individuals

-Rationale

-The provision of financial services is essential to support both car sales and profitability

-This report offers an analysis of the subject in Luxembourg based on primary research

-Methodology

-Survey of dealers and manufacturers

-Market data

-Computation of market data is based on a complex set of assumptions and variables in order to provide market segmentations in unrivalled detail

-External sources

-Definitions

-Finance and leasing products

-Insurance, warranty and assistance products

-Operating models

-Tied and non-tied providers

MARKET ANALYSIS

Introduction

-Passenger vehicle data

-There was a fall in the volume of sales of both new and used cars between 2008 and 2012

-German and French manufacturer groups share over 70 percent of new car registrations between them

-Consumer automotive finance and leasing market

-Market size and growth

-The volume of cars financed fell in 2012 as a result of the sharp decline in used car sales although the contraction was less pronounced when measured by value

-Types of finance and leasing product

-Nearly three quarters of private car finance takes the form of simple loans with no option to return the car

-Consumer automotive insurance, warranty and assistance markets