Tag: Automobile finance sector in Philippines

Philippines Auto Finance Market is projected to experience a boom in terms of auto loans outstanding, credit extended, and the number of vehicles financed (EEC). In addition, it is hoped that the presence of numerous Japanese automakers will spur growth. The overall number of vehicles funded in the nation is anticipated to rise as a result. Customers will see new marketing strategies emphasizing a customer-friendly viewpoint and allowing consumers to easily manage financial services for auto loans from their homes. Additionally, an increase in commercial operations using automobiles, such as their usage for agricultural and industrial purposes, public transportation, and other purposes, is anticipated in the forecast period.