Global Automotive F&I Solution Market Growth (Status and Outlook) 2023-2029

Global Automotive F&I Solution Market Growth (Status and Outlook) 2023-2029

F&I means finance and insurance. An F&I manager at a dealership is the person who is responsible for obtaining and reviewing purchaser credit applications, pulling credit reports, budgeting customers from credit reports, and structuring loans or leases based on the underwriting guidelines of banks, finance companies and/or lease companies. F&I managers also explain the details of loans to their customers and collect down payments and copies of required documents from customers prior to the delivery of their purchased vehicle. A finance & insurance manager is also responsible for informing the customer of other available product. Once the customer completes their choices of optional products, the F&I manager rolls the cost of those products into the loan, prints all loan/lease paperwork, DMV paperwork and obtains all necessary signatures before authorizing the delivery of the new vehicle.If you purchase a vehicle at a dealership, the salesperson may refer you to someone in the F&I or business office. Automotive F&I Solutions are typically grouped into protection packages and presented by the F&I Manager on an F&I Menu. These products range from vehicle service contracts, to appearance protections and even insurance.

LPI (LP Information)' newest research report, the “Automotive F&I Solution Industry Forecast” looks at past sales and reviews total world Automotive F&I Solution sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive F&I Solution sales for 2023 through 2029. With Automotive F&I Solution sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive F&I Solution industry.

This Insight Report provides a comprehensive analysis of the global Automotive F&I Solution landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive F&I Solution portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive F&I Solution market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive F&I Solution and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive F&I Solution.

The global Automotive F&I Solution market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In North America, the key players of Automotive F&I Solution include Darwin Automotive, Maxim Trak (RouteOne), Quantech Software, Sym-Tech Dealer Services, The Impact Group, etc. The top five players hold a share over 80% of North America market. In terms of product type, Cloud-Based is the largest segment, occupied for a share of 78%, and in terms of application, New Vehicles has a share about 59 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive F&I Solution market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Cloud-Based
On-Premise

Segmentation by application
New Vehicles
Used Vehicles

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Darwin Automotive
MaximTrak (RouteOne)
Quantech Software
Sym-Tech Dealer Services
The Impact Group
North American Automotive Group
PCMI Corporation
KPA
LGM Financial Service
Impel
ProMax
DealerCorp Solutions

Please note: The report will take approximately 2 business days to prepare and deliver.