2024 was an eventful year for the automotive finance and leasing industry.
Which of these trends will continue in 2025? And which other trends will further shape the automotive finance and leasing industry?
In the second half of 2024, demand for battery electric vehicles (BEVs) slowed down while sales of plug-in hybrids (PHEV) revived. Traditional car financing continued to fall while leasing became more popular, as expected. And most notably, the finance cost gap between BEVs and Internal Combustion Engines (ICEs) has finally narrowed.
To read the entire 2025 Industry Trends Report from Sofico, click here.
