There are few good omens for consumer credit. Due to soaring global inflation, the gloomy geopolitical environment and ongoing financial concerns of consumers, people’s ability to pay off existing loans is not likely to improve – in the shorter term, at least.
Conversely to their British and, mainly, US equivalents, French students rarely have recourse to education lending. French universities are almost free and many engineering schools in the country are widely subsidised.
Auto lending outstanding balance and gross lending are likely to see growth over the forecast period, but this will be dampened by the shortage of new vehicles and the long waiting lists for receipt of ordered cars. Car dealers are now almost empty and fulfil their parking with second-hand vehicles, and it is noted that the average delay is six months in France, more for an electric vehicle, and more than one year for a T6 Volkswagen van.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in France with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.See All of Our Definitions
This report originates from Passport, our Consumer Credit research and analysis database.
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