“In the past, the financial sector did not see cars. The future of auto finance is very promising. I hope that the automobile and finance will be closely integrated, not two skins.†Li Jingsheng, deputy secretary general of the China Association of Automobile Manufacturers, said that the Chinese auto market has at least 10 years of rapid development space. Auto finance is a new growth point for the auto industry. The financial industry also needs to integrate with auto and other industries to promote the development of the real economy. According to the China Association of Automobile Manufacturers, by 2025, China's auto finance industry will reach a market capacity of 525 billion yuan, twice the market capacity in 2013. According to statistics, the current automobile financial penetration rate in the Chinese market is less than 20%, and the mature market coverage of developed countries in the West has reached 70% to 80%. It can be seen that China's auto finance market has huge room for improvement. Because of the development prospects of auto finance, many banks such as China CITIC Bank and China Everbright Bank have set up auto finance centers, and 18 auto financing companies in various forms of equity, SAIC, BAIC, Dongfeng Nissan, Volvo, etc. Auto brands have established auto finance companies. According to the results of the 2014 China Auto Consumption Tendency Survey, 83.4% of respondents accepted the loan purchase method, which was further improved compared with 74.5% in 2013. “5 or 6 years ago, if I told others that China’s auto finance market would achieve a penetration rate of 20% to 25% five years later, they might think that I was joking. But now it seems that after three years, it will develop. The penetration rate is 30%~35%.†Volkswagen Finance China CEO and General Manager Ke Ruijue said that the scale of investment in China will be further expanded in the future. It is estimated that China’s car loan rate will reach 40% in the next 3 to 5 years. ~50%. In China's auto finance market, auto credit has an absolute dominant position. Wang Yuan, chairman and president of Jianyuan Capital, told reporters that auto finance in the Chinese market is a narrow concept, and credit is only part of auto finance. The broad-based auto finance business includes consumer credit and financial leasing. In the mature auto market, financial leasing is an important source of profit for auto finance. Judging from the penetration rate of comprehensive auto finance, the penetration rate of auto financing leasing business in the Chinese market in the whole industry is less than 1%, and China's auto financing leasing has not yet formed a scale. Wang Wei believes that it is mainly subject to two factors: first, subject to policy, financing interest rate and other aspects still have room for improvement; second, in terms of vendor management, because the residual value of used car has no standardized assessment criteria, the financial leasing vehicle belt The management fee is not clear. However, providing more convenient and reliable auto finance services can promote the rapid improvement of this sector's business and profits, as well as solve the problem of consumers' car purchase and car use. Driven by the policy of “restriction of purchases†and “limitation†and the reform of official vehicles, more and more cities will open a broader market for auto financing. According to the data of China's auto financing leasing industry in 2012, it is expected that the domestic auto finance penetration rate will increase to over 30% in the next 10-15 years. According to the proportion of loans of 70% and finance leases of 30%, the scale of the financial leasing market will reach hundreds of billions of yuan. Jia Ke, editor-in-chief of the Automotive Business Review, said: "The Chinese auto industry is in an important turning point in the changing world. Both the manufacturing industry and other formats in the industrial chain need to be more closely linked to finance and automobiles. Auto finance will play an increasingly important role in the automotive industry." Tv Backplane Mould In Bathroom,Large Size Mold For Tv Stand Feet ,Tv Shell Injection Mold ,Tv Vacuum Large Size Mold Kunshan Wangdaxin Precision Mould Co., Ltd. , https://www.wdxmould.com
·In 2025, the auto finance market capacity will exceed 500 billion yuan