Elevenci publishes an article on the changes impacting the automotive financing sector and their effects on suppliers

A new automotive finance landscape is emerging, as detailed in a new white paper from automotive advisory and project delivery specialist Elevenci, Automotive Finance: at the Crossroads.

The paper outlines the most important trends currently impacting the automotive sector – the shift from ownership to use and changing requirements for personal transportation, to the smart use of connected car data and the number growing number of digital mobility solutions and employee transport proposals available on the market. .

The new white paper addresses the question of how industry transformation coupled with economic volatility will affect auto finance providers, who will need to undertake an immediate reassessment of their strategy, business models and operational activities in order to grow and to settle further. themselves in the auto finance market or run the risk of becoming less relevant and less viable.

Elevenci’s 26-page white paper offers a comprehensive overview of the drivers of change driving significant change in the way OEMs and automotive finance providers operate, including the shift from an analog-to-combustion auto platform long-standing internal to an electric and digital platform. mobility ecosystem.

The paper examines auto finance organizations (captive auto finance companies, independent banks and financial services firms, and specialist fleet and leasing companies) within the industry and how they will be affected by significant changes in the vehicle technology, customer mobility needs and increasing regulatory and societal pressures.

The document provides a self-assessment to test whether auto finance organizations are ready for the future and examines the challenges they face and the considerations they need to address to facilitate successful change.

It highlights how the most important transformation trends and issues could directly impact the business of auto finance companies, explaining how declining new vehicle sales and changing car mix ICE and BEV may encourage some auto finance companies to seek other revenue streams; how the convergence of personal and corporate auto finance and mobility offerings will drive significant revisions to corporate operating models; risks and opportunities in the industry as many OEMs adopt an agency distribution model; and the impact of new regulatory changes on the development and provision of mobility services.

Elevenci’s whitepaper contains plenty of thought-provoking content on the seismic changes facing the automotive finance landscape for readers to discuss and debate. In such a fast-paced dynamic industry, alongside economic challenges and headwinds, it’s hard to say which of these current automotive trends will take deep root in the industry and which will only be a passing phase.

You can download the white paper by clicking here

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