Industry experts interviewed for the White Clarke Australia Auto and Asset Finance Country Survey 2015 "are not holding out for a great deal of growth in the coming year," Colin Fleischmann, director Asia Pacific for the group wrote in Asset Finance International.The market is dominated by the Big Four banks, which "have driven down margins in competing for new business share."Fleischmann laments "the imminent exit of GE Capital. There is the unfortunate prospect of there being no true non-bank owned, independent general financiers left in the Australian market."However, the prospects aren't all gloomy," he said. "In the year ending June 2015, general equipment leasing new business volume increased by around three per cent over the previous 12-month period, ending a two-year decline. "In that period, the cars and light commercial vehicles sector grew nearly ten per cent year-on-year, and the industry experts are predicting this sector will continue to be a top performer. The fleet market is also growing."These auto sectors in particular should benefit if lessors keep their technology updated. Consumers increasingly use technology and data that are available to research products and expect financial institutions to have fast and efficient systems."It nonetheless remains that the outlook for asset finance, as for the economy, depends to a large extent on global conditions and particularly the global demand for commodities," Fleischmann said. "As the World Economic Forum stated in its latest Global Competitiveness Report, "with global commodity prices set to remain low for the foreseeable future, along with the slowdown in China, the country must diversify further and move up the value chain."