Automotive commerce companies and otherwise 5-year contravene
In August 2004 from China's former auto commerce companies - GMAC-SAIC Automotive Finance Company since the establishment of China's auto commerce companies possess entered the fifth year.
Up to now, China's total foreign-owned or-controlled motor vehicle finance companies 9. Volkswagen, Toyota, Fiat, Ford, PSA Peugeot Citroen, Daimler - Chrysler, Volvo, Nissan, etc. China's automobile test water financial markets. First established by the local enterprises Chery Automobile Emblem Bank Financial Inc. also received the approval of China Banking Regulatory Commission, the forthcoming opening of the year.
By the end of December 2007, had already opened eight auto finance companies amounted to 28.498 billion yuan of assets, when a total of 16.47 million yuan profit, non-performing loan rate of 0.26 percent, industry profitability for the first time.
Car commerce financing theory has been almost totally dependent onto the beyond, bank loans, into a businesswoman corporation car commerce companies occupy approximately 40% of the total. More meaningfully, a number of automotive commerce companies are trying towards probe the corporation theory within rope with national moods and products, car credit corporation getting better.
Was the most profitable financial facilities In fact, the auto commerce corporation was the most profitable auto industry a "big cake." U.S. auto commerce corporate car credit corporation has been many than car manufacturers themselves, towards become the most meaningful car manufacturers cause of profits.
At show, 41 countries within the earth 38.2% of the users is the credit towards buy a car, specially within the car increasingly meager revenue today, automobile commerce companies towards provide revenue towards gross revenue 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 result of rising interest rates, the tightening of bank loans, car finance companies to gradually raise the right words, "In the past, mainly by bank loans, auto finance companies are now increasing over time, reaching about 40%." State Council Development Research Center Ministry of Economic Affairs industry researcher said ordinary 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 earliest contacts as well as a profit first, no doubt become the industry sample.
GMAC-SAIC Automotive Finance Company, told reporters the relevant boss, the corporate predetermined up towards accomplish a profit as soon as two years. As of 2007, the corporate credit assets within excess of 12.0 billion, growth towards 146 cities nationwide, cap everybody brands Shanghai GM, when the cumulative net profit of 85.21 million yuan. Retail credit corporation evolved 125 percent year-on-year, operating many than 1.3 billion U.S. dollars of assets, the retail credit contracts signed via many than 79,000 copies.
At the equivalent moment, GMAC-SAIC Automotive Finance Company's credit asset securitization has also been notable proceed within the project, SAIC of GMAC-SAIC Automotive Finance Company has also obtained equity investment returns.
In 2008, GMAC-SAIC Automotive Finance Company of the foreign shareholders of General Motors quagmire deep economic services business, faced with expanding rates of lend delinquency, the number of vehicles to retrieve more and more difficulties, December 24, 2008, the U.S. Federal Reserve Board to the economic services business General Motors, a Christmas gift, the acceptance of the lending organisations, the automotive commerce for the bank retaining business in transition.
SAIC shall rob financial companies towards buy foreign cars hold shares of financial companies? "China has not a deep experience of financial companies, the funds may be able towards buy it, but it is not a nice moment towards need towards think clearly." Xinhua Motors vice president of selling 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 prospect towards Automotive Finance Corporation has the advantage of being roped towards the automobile business categories, the business categories and desperate the natural leader of the automotive commerce companies and ad banks, contrasted with the special advantages within three areas: onto the deeper experience of brand vehicles; distribution of the brand depth experience of corporation and effective control; disposal towards ease the recycling of vehicles.
This natural benefit condemned automobile investment businesses in the Chinese market a gigantic 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 car auto finance companies have steady jobs and homes, a stable source of income and repayment ability, good personal credit, you can apply for car loans, the lender's account of the location, the availability of housing, etc. There is no limit. But equally obvious shortcomings, car finance loan car loan interest rates higher than banks.
"The prevailing theory, consumers need towards automobile dealers towards commerce car loans." A seller remarked that whether the seller is not due or deliberately concealed information of consumers, resulting within injuries towards car commerce companies, which may be loss of selling 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 complete automobile industry chain downstream, cap the complete plant, logistics companies, automobile commerce companies, dealers, used car sales, automobile and else consumer links. OEMs attractive brands and products, the automotive financial facilities play a decisive role. But the banks do not possess the element. "Specialized automobile commerce a tall degree of risk, should advocate a many businesswoman contextual of the car commerce corporate car commerce business." Chongqing Automotive Business Association, remarked 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 agreement with the automobile commerce in 2009 to encourage the revitalization of the designing agenda, will be presented in April, "the advancement of engine vehicle principles and assesses of economic development," but as of press time, this principle has been introduced.
At present, the domestic auto finance companies financing costs are too high, narrow scope of business, loss of social credit system and other problems, the future looks forward to "measures" to have more improvements, and then leveraging leverage automotive consumer credit, increased consumer auto market demand. Lang Xuehong said that the domestic auto finance companies due to policy restrictions, relatively high financing costs, in such conditions, the business has a certain degree of difficulty.
Under the new "motor vehicle finance company management", in addition to the use of company capital, the auto finance companies can only borrow from banks or, where the absorption of outside shareholders and the Group wholly-owned subsidiary in China and three on the territory of the shareholders (including ) more than time deposits. Once the larger business, the auto finance companies can only competitors to the same 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 show, the three principal car commerce companies involve personal consumer loans, wholesale loans (specifically the procurement of vehicles onto seller loans, is different from the general corporate loans) and commerce leases. However, engine insurance, mortgages and else facilities not within the scope of the operation.
Lang Xuehong in it, restrictions on business scope, business scale will not be able to do a lot of enterprises will have an impact on profitability. Automobile finance company's business mainly concentrated in the current consumer credit risk, making auto finance company's risk management means a single, resulting in motor vehicle finance companies doing business in a substantial increase in credit when the threshold had to limit its marketing efforts.
Xuehong Lang pointed out that automobile dealers in 2003 in order to help consumers get access to customers and even consumer credit, led to an increase of non-performing loans, banks were forced to quit automobile credit. In fact, malicious deception is only a small number of loans for the individual consumer as a result of the economic situation repayment difficulties, need to examine the vehicle in time to recover, the largest auto finance company to reduce the extent of losses method. In fact, the most important thing is, when lending, strengthen the assessment 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. - 21396
Up to now, China's total foreign-owned or-controlled motor vehicle finance companies 9. Volkswagen, Toyota, Fiat, Ford, PSA Peugeot Citroen, Daimler - Chrysler, Volvo, Nissan, etc. China's automobile test water financial markets. First established by the local enterprises Chery Automobile Emblem Bank Financial Inc. also received the approval of China Banking Regulatory Commission, the forthcoming opening of the year.
By the end of December 2007, had already opened eight auto finance companies amounted to 28.498 billion yuan of assets, when a total of 16.47 million yuan profit, non-performing loan rate of 0.26 percent, industry profitability for the first time.
Car commerce financing theory has been almost totally dependent onto the beyond, bank loans, into a businesswoman corporation car commerce companies occupy approximately 40% of the total. More meaningfully, a number of automotive commerce companies are trying towards probe the corporation theory within rope with national moods and products, car credit corporation getting better.
Was the most profitable financial facilities In fact, the auto commerce corporation was the most profitable auto industry a "big cake." U.S. auto commerce corporate car credit corporation has been many than car manufacturers themselves, towards become the most meaningful car manufacturers cause of profits.
At show, 41 countries within the earth 38.2% of the users is the credit towards buy a car, specially within the car increasingly meager revenue today, automobile commerce companies towards provide revenue towards gross revenue 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 result of rising interest rates, the tightening of bank loans, car finance companies to gradually raise the right words, "In the past, mainly by bank loans, auto finance companies are now increasing over time, reaching about 40%." State Council Development Research Center Ministry of Economic Affairs industry researcher said ordinary 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 earliest contacts as well as a profit first, no doubt become the industry sample.
GMAC-SAIC Automotive Finance Company, told reporters the relevant boss, the corporate predetermined up towards accomplish a profit as soon as two years. As of 2007, the corporate credit assets within excess of 12.0 billion, growth towards 146 cities nationwide, cap everybody brands Shanghai GM, when the cumulative net profit of 85.21 million yuan. Retail credit corporation evolved 125 percent year-on-year, operating many than 1.3 billion U.S. dollars of assets, the retail credit contracts signed via many than 79,000 copies.
At the equivalent moment, GMAC-SAIC Automotive Finance Company's credit asset securitization has also been notable proceed within the project, SAIC of GMAC-SAIC Automotive Finance Company has also obtained equity investment returns.
In 2008, GMAC-SAIC Automotive Finance Company of the foreign shareholders of General Motors quagmire deep economic services business, faced with expanding rates of lend delinquency, the number of vehicles to retrieve more and more difficulties, December 24, 2008, the U.S. Federal Reserve Board to the economic services business General Motors, a Christmas gift, the acceptance of the lending organisations, the automotive commerce for the bank retaining business in transition.
SAIC shall rob financial companies towards buy foreign cars hold shares of financial companies? "China has not a deep experience of financial companies, the funds may be able towards buy it, but it is not a nice moment towards need towards think clearly." Xinhua Motors vice president of selling 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 prospect towards Automotive Finance Corporation has the advantage of being roped towards the automobile business categories, the business categories and desperate the natural leader of the automotive commerce companies and ad banks, contrasted with the special advantages within three areas: onto the deeper experience of brand vehicles; distribution of the brand depth experience of corporation and effective control; disposal towards ease the recycling of vehicles.
This natural benefit condemned automobile investment businesses in the Chinese market a gigantic 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 car auto finance companies have steady jobs and homes, a stable source of income and repayment ability, good personal credit, you can apply for car loans, the lender's account of the location, the availability of housing, etc. There is no limit. But equally obvious shortcomings, car finance loan car loan interest rates higher than banks.
"The prevailing theory, consumers need towards automobile dealers towards commerce car loans." A seller remarked that whether the seller is not due or deliberately concealed information of consumers, resulting within injuries towards car commerce companies, which may be loss of selling 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 complete automobile industry chain downstream, cap the complete plant, logistics companies, automobile commerce companies, dealers, used car sales, automobile and else consumer links. OEMs attractive brands and products, the automotive financial facilities play a decisive role. But the banks do not possess the element. "Specialized automobile commerce a tall degree of risk, should advocate a many businesswoman contextual of the car commerce corporate car commerce business." Chongqing Automotive Business Association, remarked 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 agreement with the automobile commerce in 2009 to encourage the revitalization of the designing agenda, will be presented in April, "the advancement of engine vehicle principles and assesses of economic development," but as of press time, this principle has been introduced.
At present, the domestic auto finance companies financing costs are too high, narrow scope of business, loss of social credit system and other problems, the future looks forward to "measures" to have more improvements, and then leveraging leverage automotive consumer credit, increased consumer auto market demand. Lang Xuehong said that the domestic auto finance companies due to policy restrictions, relatively high financing costs, in such conditions, the business has a certain degree of difficulty.
Under the new "motor vehicle finance company management", in addition to the use of company capital, the auto finance companies can only borrow from banks or, where the absorption of outside shareholders and the Group wholly-owned subsidiary in China and three on the territory of the shareholders (including ) more than time deposits. Once the larger business, the auto finance companies can only competitors to the same 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 show, the three principal car commerce companies involve personal consumer loans, wholesale loans (specifically the procurement of vehicles onto seller loans, is different from the general corporate loans) and commerce leases. However, engine insurance, mortgages and else facilities not within the scope of the operation.
Lang Xuehong in it, restrictions on business scope, business scale will not be able to do a lot of enterprises will have an impact on profitability. Automobile finance company's business mainly concentrated in the current consumer credit risk, making auto finance company's risk management means a single, resulting in motor vehicle finance companies doing business in a substantial increase in credit when the threshold had to limit its marketing efforts.
Xuehong Lang pointed out that automobile dealers in 2003 in order to help consumers get access to customers and even consumer credit, led to an increase of non-performing loans, banks were forced to quit automobile credit. In fact, malicious deception is only a small number of loans for the individual consumer as a result of the economic situation repayment difficulties, need to examine the vehicle in time to recover, the largest auto finance company to reduce the extent of losses method. In fact, the most important thing is, when lending, strengthen the assessment 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. - 21396
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