The auto loan market is expanding at an accelerating pace. In 2028, the market will be worth USD 385.42 billion. This growth rate of 6.5% is consistent. The world’s top auto financing companies are looking to offer financial services to customers who want to buy, finance, or lease a vehicle by 2022. What is the value of the global auto finance market? The global auto loan market is valued at USD 213 trillion.
Toyota is the top auto finance company in the world. Ally Financial and Wells Fargo are based on mixed criteria of market share and revenue.
This article will provide a comprehensive breakdown of the top 10 auto finance firms in 2022 and answer the following questions about the global auto loan market:
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Top 10 Auto Finance Companies in the World
What are the top auto loan lenders worldwide in 2022? Below is a list listing the top auto financing companies ranked by revenue, market share, and more. We provide details about the company’s products and services, as well as its major achievements and where the best vehicle finance companies in the world are located.
1. Ally Financial
Which is the biggest auto finance company worldwide? Ally Financial is ranked number 1 on our list of the top 10 global auto finance companies by 2022. Ally Financial, a bank holding company, is headquartered in Sandy Utah, United States. Ally Financial holds a 5.75% share of the auto loan market and is the largest auto finance company worldwide.
Ally Financial also generated US$ 8.2 billion in revenue last year. it is one of the largest auto loan companies in the world by revenue. Ally Financial offers financial services such as car financing, online banking, vehicle insurance, corporate lending, mortgage loans, and an electronic trading platform for financial assets.
- Founded: 1919
- Ally Financial Headquarters: Sandy, Utah, United States
- Ally Financial Revenue: USD 8.2 Billion
- Market Share: 5.75%
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2. Wells Fargo
Wells Fargo is ranked 2nd in this list of the largest auto loan lenders worldwide in 2022. Wells Fargo, a major American multinational financial services firm, is headquartered in San Francisco (California), United States. Wells Fargo has over 70 million customers in more than 35 countries. Wells Fargo generated USD 17.59 billion last year, making it one of the most important auto finance companies worldwide. Wells Fargo has a market share in global auto finance of 5.66%, making it the 2 and 3 largest auto financing companies by revenue. Wells Fargo was also 37th in the Fortune 500 ranking of the most powerful companies in the US last year.
- Founded: 1929
- Wells Fargo Headquarters: San Francisco, California, United States
- Wells Fargo Revenues: USD 17.59 Billion
- Market Share: 5.66%
Chase Bank is ranked 3rd in this ranking of the best auto finance companies worldwide in 2022. Chase is an American national banking institution headquartered in New York City (New York), United States. Last year, Chase generated USD 115.6 billion. This makes it the largest auto finance company on this list in terms of revenue. Chase was founded in 1799 and holds a large market share of the auto finance market with 4.97%. Chase is not only one of the largest auto loan lenders worldwide, but it’s also one of four Big Four banks in America.
- Founded: 1799
- Chase Headquarters: New York City, New York, United States
- Chase Revenue: USD 115.6 Billion
- Market Share: 4.97%
4. Capital One
Capital One is 4th in this ranking of the 10 best car finance companies worldwide in 2022. Capital One, an American bank holding company, is headquartered in McLean (Virginia), United States. Capital One is a bank holding company that specializes in auto loans, credit cards, banking, and savings accounts. It has over 55 branches, including 30 café-style locations. Capital One had a total of USD 26.03 trillion in revenue last year and holds a 4.17% share of the global auto finance market.
- Founded: 1994
- Capital One Headquarters McLean (Virginia, USA)
- Capital One Revenue: USD 26.03 Billion
- Market Share: 4.1%
Toyota ranks 5th on this10th largest auto finance companies in the world. Toyota, Aichi (Japan) is home to one of the most well-known brands in the world. It’s no surprise that the company ranks so high in this list of top car financing companies. Toyota has a 3.93% market share in the auto financing market. Last year, it generated USD 272 million. This makes it one of the most important companies on this list.
- Founded: 1937
- Toyota Headquarters: Toyota, Aichi, Japan
- Toyota Revenue: USD 272 Billion
- Market Share: 3.93%
Ford is 6th in this list of top 10 global auto finance companies for 2022. Ford, an American multinational automobile manufacturer, is headquartered near Dearborn, Michigan in the United States. Ford is well-known for its automobiles and commercial vehicles, as well as luxury cars under the Lincoln brand. Ford currently holds a 3.65% share of the auto finance market and generated USD 134 million last year.
- Founded: 1903
- Ford Headquarters: Dearborn, Michigan, United States
- Ford Revenue: USD134 billion
- Market Share: 3.65%
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7. Nissan Infiniti
Nissan Infiniti is 7th and 10th in this ranking of the top 10 global auto finance companies. Infiniti, the luxury vehicle division at Japanese automaker Nissan, currently generates approximately USD 4.1 billion annually. Nissan Infiniti’s headquarters is in Yokohama (Kanagawa), Japan. It has a 2.67% share of the global auto financing market.
- Founded: 1989
- Nissan Infiniti Headquarters: Yokohama, Kanagawa, Japan
- Nissan Infiniti Revenue: USD 4.1 billion
- Market Share: 2.67 %
Banco Santander is 8th on this list of top auto finance companies worldwide in 2022. Banco Santander, a Spanish multinational financial service company, is headquartered in Madrid and Santander, Spain. Santander is not only the largest auto loan lender, but it is also the 16th largest banking institution in the globe. Banco Santander earned USD 41 billion last year and holds a 2.08% share of the global auto-loan market.
- Founded: 1989
- Santander Headquarters: Boadilla del Monte, Spain
- Santander Revenue: USD41 billion
- Market Share: 2.08%
Honda is a Japanese multinational conglomerate automotive manufacturer. It is currently headquartered at Minato in Tokyo, Japan. Hona is the 9th company on the list of top 10 global auto finance companies, with annual revenues of USD 125 million. Honda also produces motorcycles and power equipment, as well as provides vehicle finance services. Honda currently holds a market share of 1.98% in the global auto finance industry.
- Founded: 1946
- Honda Headquarters: Tokyo, Tokyo, Japan
- Honda Revenue: USD125 billion
- Market Share: 1.98%
10. Bank of America
Bank of America rounds out the list of top 10 global auto finance companies. Bank of America, an American multinational financial service holding and investment bank is headquartered in Charlotte North Carolina. Bank of America was the world’s largest auto loan lender, with revenues of USD 93 billion last year. Bank of America currently holds 1.84% of the global auto finance market.
- Founded: 1998
- Bank of America Headquarters in Charlotte, North Carolina, United States
- Bank of America Revenue: USD 93.5 billion
- Market Share: 1.84%