Automotive finance companies and then 5-year break
In August 2004 from China's first auto investment businesses - GMAC-SAIC Automotive Finance Company since the establishment of China's auto investment businesses have went into the fifth year.
Up towards already, China's gross foreign-owned or-controlled car commerce companies 9. Volkswagen, Toyota, Fiat, Ford, PSA Peugeot Citroen, Daimler - Chrysler, Volvo, Nissan, etc. China's automobile experiment water financial markets. First established via the locally businesses Chery Automobile Emblem Bank Financial Inc. also obtained the consent of China Banking Regulatory Commission, the forthcoming gate of the year.
By the end of December 2007, had currently opened eight auto investment businesses amounted to 28.498 billion yuan of assets, when a total of 16.47 million yuan earnings, non-performing lend rate of 0.26 per hundred, commerce profitability for the first time.
Car finance financing model has been almost totally dependent on the past, bank loans, into a professional business car finance companies occupy about 40% of the total. More importantly, a number of automotive finance companies are trying to explore the business model in line with national conditions and products, car loan business getting better.
Was the most money-making economic services In detail, the auto investment enterprise was the most money-making auto commerce a "big cake." U.S. auto investment business vehicle lend enterprise has been more than vehicle manufacturers themselves, to become the most significant vehicle manufacturers source of profits.
At present, 41 nations in the world 38.2% of the users is the lend to purchase a vehicle, particularly in the vehicle progressively meager earnings today, automobile investment businesses to supply earnings to total earnings Automotive Group 1 / 3.
GMAC-SAIC Automotive Finance Company Christian Weidemann said: "By 2025, China's auto market will reach 15 million, automotive financial services industry will also have the market capacity of 525 billion yuan." In order to determine the present situation, this process may will be faster. Automotive financial market is another attraction: according to international practice, even if the whole production profits fell 3% to 5%, the auto finance business to maintain profit margins around 30%.
Industry professionals said that if the vehicle can hold up with buyer borrowing, the advancement of sales will be "doubled" in the future, the household automobile market in buyer borrowing rather large. At present, the well liked worldwide automotive constructor to set up economic businesses, the junction trader, to supply customers with vehicle sales and after-sale service. Abroad, automobile utilisation borrowings 70-80% supplied by the auto investment companies.
Statistics show that auto finance companies generally profitable bottom line is the ratio of loans and sales of more than than 25%, but now, the best domestic car finance companies are difficult to achieve 15%. At present, all foreign-car shortage of funds of financial institutions hundreds of billions of dollars, with annual sales of the car only 5% of the following.
As a outcome of increasing interest rates, the squeezing of bank borrowings, vehicle investment businesses to step-by-step lift the right phrases, "In the past, mostly by bank borrowings, auto investment businesses are now expanding over time, coming to about 40%." State Council Development Research Center Ministry of Economic Affairs commerce investigator said commonplace money.
, Chairman of Volkswagen Finance Corporation has said: "China is about 10% of car purchase loans. We hope that in 10 years this figure will increase to 40% ~ 50%." President of Toyota Motor Finance Corporation, said Gu Ping泽嘉will try to brand the Beijing area Toyota car loan rate from the current 2% to 10%. SAIC samples
In China, SAIC Automotive Finance soonest associates as well as a earnings first, no question become the commerce sample.
GMAC-SAIC Automotive Finance Company, notified reporters the applicable individual in ascribe, the business set up to accomplish a earnings after two years. As of 2007, the business borrowing assets in surplus of 12.0 billion, expansion to 146 towns nationwide, covering all emblems Shanghai GM, when the cumulative snare earnings of 85.21 million yuan. Retail borrowing enterprise increased 125 per hundred year-on-year, functioning more than 1.3 billion U.S. dollars of assets, the retail lend agreements marked by more than 79,000 copies.
At the identical time, GMAC-SAIC Automotive Finance Company's borrowing asset securitization has furthermore been important advancement in the task, SAIC of GMAC-SAIC Automotive Finance Company has furthermore obtained equity buying into returns.
In 2008, GMAC-SAIC Automotive Finance Company of the foreign shareholders of General Motors quagmire deep financial services company, faced with increasing rates of loan delinquency, the number of vehicles to recover more and more problems, December 24, 2008, the U.S. Federal Reserve Board to the financial services company General Motors, a Christmas gift, the approval of the lending institutions, the automotive industry for the bank holding company in transition.
SAIC will take financial companies to buy foreign cars hold shares of financial companies? "China has not a deep understanding of financial companies, the funds may be able to buy it, but it is not a good time to need to think clearly." Xinhua Motors vice president of marketing solutions Xuehong Lang told the "al investors."
Can see that Shanghai Automotive finance companies are also stepping up the development of automotive financial services, a thorough transformation of the traditional model of buyer's credit, the introduction of model-based motorcycle dealer financing buyer's credit business and personal car credit business, in September 2007, Rongwei Brand in Beijing on the first production line, started off auto finance business, after which the general public, Ssangyong brand car also has financial services on-line for the whole SAIC products to play an effective role in the financial support.
Than the bank has the potential to Automotive Finance Corporation has the advantage of being attached to the automobile enterprise groups, the enterprise groups and determined the natural leader of the automotive finance companies and commercial banks, compared with the special advantages in three areas: on the deeper understanding of brand vehicles; distribution of the brand depth understanding of business and effective control; disposal to facilitate the recycling of vehicles.
This natural advantage doomed automobile finance companies in the Chinese market a huge room for future development.
Car through a bank loan, they generally need to provide accounts of the purchaser of a motor vehicle, real estate information card at the same time usually needed to do to housing or mortgage securities, bonds and pay certain costs related procedures.
However, as long as the vehicle auto investment businesses have stable occupations and dwellings, a steady source of earnings and repayment proficiency, good individual borrowing, you can request for vehicle borrowings, the lender's account of the position, the accessibility of lodgings, etc. There is no limit. But identically conspicuous shortcomings, vehicle investment lend vehicle lend interest rates higher than banks.
"The living form, buyers need to automobile dealers to investment vehicle loans." A trader said that if the trader is not due or intentionally hid data of buyers, producing in impairment to engine vehicle investment businesses, which may be decrease of trading rights.
Abroad, automotive commerce companies are alone lending its brand of engine vehicles. GM, Ford Automotive Finance Corporation across the cooperation, so that consumers can be sold second-hand car for a novel car; the second car shall be able towards enjoy a many favorable rate. The industry suspects that this theory can cultivate the loyalty of consumers shall assistance towards boost the overall sales.
On the entire automobile commerce string of connections downstream, covering the entire vegetation, logistics businesses, automobile investment businesses, dealers, utilised vehicle sales, automobile and other buyer links. OEMs appealing emblems and goods, the automotive economic services play a resolute role. But the banks do not have the element. "Specialized automobile investment a high degree of risk, should boost a more expert backdrop of the vehicle investment business vehicle investment business." Chongqing Automotive Business Association, said the Secretary-General Chou.
From an industry to predict the future direction of car finance: a few years later, the car manufacturers will be able to establish their own financial platform car, car loan procedures greatly simplified. Automobile finance company will have a complete subversion in China for several decades of history the concept of traditional bank loans to buy cars, car buyers will enjoy the unprecedented low interest rate loans and other facilities, and will gradually replace the bank loans car loans has become the mainstream way of the future. Banks will be more in financing, payment and settlement, and so the credit card business, and professional auto finance companies form a complementary business.
Policy as a fulcrum
In accordance with the automobile industry within 2009 towards herald the revitalization of the intending itinerary, shall be introduced within April, "the promotion of car policies and indices of financial development," but as of press moment, this policy has been introduced.
At present, the household auto investment businesses financing charges are too high, slender scope of enterprise, decrease of communal borrowing scheme and other difficulties, the future examines ahead to "measures" to have more improvements, and then leveraging leverage automotive buyer borrowing, expanded buyer auto market demand. Lang Xuehong said that the household auto investment businesses due to principle limits, somewhat high financing charges, in such situation, the enterprise has a certain degree of difficulty.
Under the new "motor vehicle investment business management", in supplement to the use of business capital, the auto investment businesses can only scrounge from banks or, where the absorption of out-of-doors shareholders and the Group wholly-owned subsidiary in China and three on the territory of the shareholders (including ) more than time deposits. Once the bigger enterprise, the auto investment businesses can only competitors to the identical bank borrowings.
If the borrower towards the bank, 1-year lending rate of many than 5% at lowest, the interest rate is clearly too high; such as across the shift and sale of automobile credit receivables corporation towards elevate capital, as a outcome of automobile credit risk itself is currently functional, this financing prices within the feasibility and the presence of a taller problem.
At present, the three foremost vehicle investment businesses encompass individual buyer borrowings, wholesale borrowings (specifically the procurement of vehicles on trader borrowings, is distinct from the general business loans) and investment leases. However, engine protection, mortgages and other services not inside the scope of the operation.
Lang Xuehong within it, restrictions onto corporation scope, corporation climb shall not be able towards do a lot of businesses shall possess an impact onto profitability. Automobile commerce company's corporation mainly specialised within the latest consumer credit risk, making auto commerce company's risk management processes a single, resulting within car commerce companies doing corporation within a princely increase within credit when the threshold had towards limit its selling efforts.
Xuehong Lang pointed out that automobile dealers within 2003 within order towards assistance consumers get access towards clients and even consumer credit, ruled towards an increase of non-performing loans, banks were constrained towards quit automobile credit. In fact, spiteful pretence is alone a few of loans for the specified consumer as a outcome of the commercial situation repayment troubles, need towards analyse the vehicle within moment towards retrieve, the biggest auto commerce corporate towards dampen the extent of defeats method. In fact, the most meaningful thing is, when lending, bolster the measurement of consumer's repayment ability.
Car commerce corporate is mainly relying onto its own bundle, registering, collation and analysis of customer's credit file, credit investigation and rating shall not be able towards sweeten the efficiency of risk prevention, but also almost an increase of prices, increased functional chances, towards a number of extent constraints or even the auto commerce companies around the automotive market. - 21392
Up towards already, China's gross foreign-owned or-controlled car commerce companies 9. Volkswagen, Toyota, Fiat, Ford, PSA Peugeot Citroen, Daimler - Chrysler, Volvo, Nissan, etc. China's automobile experiment water financial markets. First established via the locally businesses Chery Automobile Emblem Bank Financial Inc. also obtained the consent of China Banking Regulatory Commission, the forthcoming gate of the year.
By the end of December 2007, had currently opened eight auto investment businesses amounted to 28.498 billion yuan of assets, when a total of 16.47 million yuan earnings, non-performing lend rate of 0.26 per hundred, commerce profitability for the first time.
Car finance financing model has been almost totally dependent on the past, bank loans, into a professional business car finance companies occupy about 40% of the total. More importantly, a number of automotive finance companies are trying to explore the business model in line with national conditions and products, car loan business getting better.
Was the most money-making economic services In detail, the auto investment enterprise was the most money-making auto commerce a "big cake." U.S. auto investment business vehicle lend enterprise has been more than vehicle manufacturers themselves, to become the most significant vehicle manufacturers source of profits.
At present, 41 nations in the world 38.2% of the users is the lend to purchase a vehicle, particularly in the vehicle progressively meager earnings today, automobile investment businesses to supply earnings to total earnings Automotive Group 1 / 3.
GMAC-SAIC Automotive Finance Company Christian Weidemann said: "By 2025, China's auto market will reach 15 million, automotive financial services industry will also have the market capacity of 525 billion yuan." In order to determine the present situation, this process may will be faster. Automotive financial market is another attraction: according to international practice, even if the whole production profits fell 3% to 5%, the auto finance business to maintain profit margins around 30%.
Industry professionals said that if the vehicle can hold up with buyer borrowing, the advancement of sales will be "doubled" in the future, the household automobile market in buyer borrowing rather large. At present, the well liked worldwide automotive constructor to set up economic businesses, the junction trader, to supply customers with vehicle sales and after-sale service. Abroad, automobile utilisation borrowings 70-80% supplied by the auto investment companies.
Statistics show that auto finance companies generally profitable bottom line is the ratio of loans and sales of more than than 25%, but now, the best domestic car finance companies are difficult to achieve 15%. At present, all foreign-car shortage of funds of financial institutions hundreds of billions of dollars, with annual sales of the car only 5% of the following.
As a outcome of increasing interest rates, the squeezing of bank borrowings, vehicle investment businesses to step-by-step lift the right phrases, "In the past, mostly by bank borrowings, auto investment businesses are now expanding over time, coming to about 40%." State Council Development Research Center Ministry of Economic Affairs commerce investigator said commonplace money.
, Chairman of Volkswagen Finance Corporation has said: "China is about 10% of car purchase loans. We hope that in 10 years this figure will increase to 40% ~ 50%." President of Toyota Motor Finance Corporation, said Gu Ping泽嘉will try to brand the Beijing area Toyota car loan rate from the current 2% to 10%. SAIC samples
In China, SAIC Automotive Finance soonest associates as well as a earnings first, no question become the commerce sample.
GMAC-SAIC Automotive Finance Company, notified reporters the applicable individual in ascribe, the business set up to accomplish a earnings after two years. As of 2007, the business borrowing assets in surplus of 12.0 billion, expansion to 146 towns nationwide, covering all emblems Shanghai GM, when the cumulative snare earnings of 85.21 million yuan. Retail borrowing enterprise increased 125 per hundred year-on-year, functioning more than 1.3 billion U.S. dollars of assets, the retail lend agreements marked by more than 79,000 copies.
At the identical time, GMAC-SAIC Automotive Finance Company's borrowing asset securitization has furthermore been important advancement in the task, SAIC of GMAC-SAIC Automotive Finance Company has furthermore obtained equity buying into returns.
In 2008, GMAC-SAIC Automotive Finance Company of the foreign shareholders of General Motors quagmire deep financial services company, faced with increasing rates of loan delinquency, the number of vehicles to recover more and more problems, December 24, 2008, the U.S. Federal Reserve Board to the financial services company General Motors, a Christmas gift, the approval of the lending institutions, the automotive industry for the bank holding company in transition.
SAIC will take financial companies to buy foreign cars hold shares of financial companies? "China has not a deep understanding of financial companies, the funds may be able to buy it, but it is not a good time to need to think clearly." Xinhua Motors vice president of marketing solutions Xuehong Lang told the "al investors."
Can see that Shanghai Automotive finance companies are also stepping up the development of automotive financial services, a thorough transformation of the traditional model of buyer's credit, the introduction of model-based motorcycle dealer financing buyer's credit business and personal car credit business, in September 2007, Rongwei Brand in Beijing on the first production line, started off auto finance business, after which the general public, Ssangyong brand car also has financial services on-line for the whole SAIC products to play an effective role in the financial support.
Than the bank has the potential to Automotive Finance Corporation has the advantage of being attached to the automobile enterprise groups, the enterprise groups and determined the natural leader of the automotive finance companies and commercial banks, compared with the special advantages in three areas: on the deeper understanding of brand vehicles; distribution of the brand depth understanding of business and effective control; disposal to facilitate the recycling of vehicles.
This natural advantage doomed automobile finance companies in the Chinese market a huge room for future development.
Car through a bank loan, they generally need to provide accounts of the purchaser of a motor vehicle, real estate information card at the same time usually needed to do to housing or mortgage securities, bonds and pay certain costs related procedures.
However, as long as the vehicle auto investment businesses have stable occupations and dwellings, a steady source of earnings and repayment proficiency, good individual borrowing, you can request for vehicle borrowings, the lender's account of the position, the accessibility of lodgings, etc. There is no limit. But identically conspicuous shortcomings, vehicle investment lend vehicle lend interest rates higher than banks.
"The living form, buyers need to automobile dealers to investment vehicle loans." A trader said that if the trader is not due or intentionally hid data of buyers, producing in impairment to engine vehicle investment businesses, which may be decrease of trading rights.
Abroad, automotive commerce companies are alone lending its brand of engine vehicles. GM, Ford Automotive Finance Corporation across the cooperation, so that consumers can be sold second-hand car for a novel car; the second car shall be able towards enjoy a many favorable rate. The industry suspects that this theory can cultivate the loyalty of consumers shall assistance towards boost the overall sales.
On the entire automobile commerce string of connections downstream, covering the entire vegetation, logistics businesses, automobile investment businesses, dealers, utilised vehicle sales, automobile and other buyer links. OEMs appealing emblems and goods, the automotive economic services play a resolute role. But the banks do not have the element. "Specialized automobile investment a high degree of risk, should boost a more expert backdrop of the vehicle investment business vehicle investment business." Chongqing Automotive Business Association, said the Secretary-General Chou.
From an industry to predict the future direction of car finance: a few years later, the car manufacturers will be able to establish their own financial platform car, car loan procedures greatly simplified. Automobile finance company will have a complete subversion in China for several decades of history the concept of traditional bank loans to buy cars, car buyers will enjoy the unprecedented low interest rate loans and other facilities, and will gradually replace the bank loans car loans has become the mainstream way of the future. Banks will be more in financing, payment and settlement, and so the credit card business, and professional auto finance companies form a complementary business.
Policy as a fulcrum
In accordance with the automobile industry within 2009 towards herald the revitalization of the intending itinerary, shall be introduced within April, "the promotion of car policies and indices of financial development," but as of press moment, this policy has been introduced.
At present, the household auto investment businesses financing charges are too high, slender scope of enterprise, decrease of communal borrowing scheme and other difficulties, the future examines ahead to "measures" to have more improvements, and then leveraging leverage automotive buyer borrowing, expanded buyer auto market demand. Lang Xuehong said that the household auto investment businesses due to principle limits, somewhat high financing charges, in such situation, the enterprise has a certain degree of difficulty.
Under the new "motor vehicle investment business management", in supplement to the use of business capital, the auto investment businesses can only scrounge from banks or, where the absorption of out-of-doors shareholders and the Group wholly-owned subsidiary in China and three on the territory of the shareholders (including ) more than time deposits. Once the bigger enterprise, the auto investment businesses can only competitors to the identical bank borrowings.
If the borrower towards the bank, 1-year lending rate of many than 5% at lowest, the interest rate is clearly too high; such as across the shift and sale of automobile credit receivables corporation towards elevate capital, as a outcome of automobile credit risk itself is currently functional, this financing prices within the feasibility and the presence of a taller problem.
At present, the three foremost vehicle investment businesses encompass individual buyer borrowings, wholesale borrowings (specifically the procurement of vehicles on trader borrowings, is distinct from the general business loans) and investment leases. However, engine protection, mortgages and other services not inside the scope of the operation.
Lang Xuehong within it, restrictions onto corporation scope, corporation climb shall not be able towards do a lot of businesses shall possess an impact onto profitability. Automobile commerce company's corporation mainly specialised within the latest consumer credit risk, making auto commerce company's risk management processes a single, resulting within car commerce companies doing corporation within a princely increase within credit when the threshold had towards limit its selling efforts.
Xuehong Lang pointed out that automobile dealers within 2003 within order towards assistance consumers get access towards clients and even consumer credit, ruled towards an increase of non-performing loans, banks were constrained towards quit automobile credit. In fact, spiteful pretence is alone a few of loans for the specified consumer as a outcome of the commercial situation repayment troubles, need towards analyse the vehicle within moment towards retrieve, the biggest auto commerce corporate towards dampen the extent of defeats method. In fact, the most meaningful thing is, when lending, bolster the measurement of consumer's repayment ability.
Car commerce corporate is mainly relying onto its own bundle, registering, collation and analysis of customer's credit file, credit investigation and rating shall not be able towards sweeten the efficiency of risk prevention, but also almost an increase of prices, increased functional chances, towards a number of extent constraints or even the auto commerce companies around the automotive market. - 21392
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