Kicking off the sessions at the Auto Finance Summit Asia will be a presentation on the future of the auto finance industry in Asia and how captives and fleet financing will play a critical role, featuring Sebastian Pfeifle, partner at Deloitte.
Auto Finance Summit Asia will take place Sept. 5-6 at the Grand Hyatt Shanghai.
Based on years of operational management experience with DaimlerChrysler Services AG, Pfeifle has advised many of the world’s major auto finance and fleet management organizations on large-scale national and international business and IT-transformation programs.
At Deloitte, he focuses on strategy development, product diversification, digitization, operating model improvements, and program management for captives and fleet management companies.
In one of his latest reports, titled Future of Captives: What Will Be the Core Business for Automotive Captives in 2030, he predicts that while European and NAFTA countries will “stagnate” in their share of the market, China and the rest of the world could grow to account for 60% of total car sales.
“This is especially important for captives since today’s penetration rates in the prospering markets are relatively low in comparison to mature auto finance markets,” he wrote in the report. “By improving penetration rates, captives can realize substantial growth opportunities in China and the rest of the world.”
There are four scenarios Pfeifle envisions for the future of the captive business. One imagines a world 12 years from now in which captives are the owners of the mobility ecosystem, whereas another path may lead captives to be digital service providers.
During his presentation, Pfeifle will delve deeper into these scenarios to discuss how China and the developing Asian auto finance market play a vital role in a captive’s evolution.Like This Post