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China Automotive Finance Industry Report, 2017-2021

China Automotive Finance Industry Report, 2017-2021

"Auto finance found a penetration rate of roughly 38% in China in 2016, indicating still a vast room for growth compared with over 50% in the United States, Japan and European countries. Stimulated by favorable policies and changes in people’s consumption habits, the penetration of auto finance will rise steadily in the next few years, reaching an estimated 55% in 2021.

The Chinese auto finance market approached RMB1 trillion in 2016 and is expected to be around RMB1.125 trillion in 2017. Along with the rising penetration, the market size will report RMB1.75 trillion in 2021.

The Chinese automotive finance market now is still dominated by commercial banks with a market share of approximately 50%. However, driven by favorable policies like the Guidance on Increasing Financial Support for New Consumer Sectors, auto finance companies, financial leasing firms and other enterprises have made great headway, squeezing the market share of commercial banks.

Thanks to favorable policies, used car finance and Internet auto finance have been bestowed with good opportunity for development.

Used car finance: With the implementation of policies like the Opinions on Promoting Convenient Transaction of Used Cars, the transactions of used cars have risen in recent two years, arriving at 4.80 million units in the first five months of 2017, representing a 20.7% growth over the same period of last year. A huge used car market offers space for the development of used car finance.

Despite a penetration of only 8% for used car finance in 2016, the figure will increase steadily, touching 20% in 2021, promoted by the policies like the Guidance on Increasing Financial Support for New Consumer Sectors, gradual improvement of used car evaluation system and changes in consumption concept.

Internet auto finance: Thanks to the policies like the Guidance on Promoting the Healthy Development of Internet Finance, traditional carmakers and dealers start using the Internet to improve the procedures and experience of auto finance, and meanwhile Internet firms and Internet finance platforms including BAT, JD, and Autohome have also made their presence in Internet finance. Conventional auto financial services will move from offline to online and Internet auto finance will be a trend.

China Automotive Finance Industry Report, 2017-2021 focuses on the following:
Global auto finance industry (development environment, status quo, development of auto finance in various countries, competitive landscape, etc.);
Auto finance industry in China (development environment/course, status quo, market size, competitive landscape, operation of auto finance companies, development trends, etc.);
Chinese auto finance market segments (auto financial leasing, used car finance, and Internet auto finance);
13 OEM-related auto finance companies, 5 auto finance-related dealers, and 8 other auto finance-related companies.

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1 Overview
1.1 Definition
1.2 Classification
1.3 Market Players
2 Global Automotive Finance Industry
2.1 Development Environment
2.2 Status Quo
2.3 Overview of Auto Finance in Major Countries
2.3.1 United States
2.3.2 Germany
2.3.3 Japan
2.4 Competitive Landscape
2.5 Global Expansion
3 Automotive Finance Industry in China
3.1 Development Environment
3.1.1 Policy
3.1.2 Economy
3.1.3 Automobile Production and Sales
3.1.4 Car Ownership
3.2 Development Course
3.3 Status Quo
3.4 Market Size
3.5 Competitive Landscape
3.6 Operation of Auto Finance Companies
3.7 Development Trends
3.7.1 Domestic OEMs Accelerate Their Presence in Auto Finance Field
3.7.2 Market Share of Auto Finance Companies Grows Further
3.7.3 Used Car Financial Business Grows Rapidly
3.7.4 Auto Financial Products Becomes More Diversified
3.7.5 Improved Credit System Pushes the Development of Auto Finance Market
3.7.6 Internet Auto Finance Has Developed into a Trend
3.7.7 Cooperation between Banks and Enterprises Drives Auto Finance
3.7.8 Competition in Auto Finance Industry Intensifies
4 Chinese Auto Finance Market Segments
4.1 Auto Financial Leasing
4.1.1 Profile
4.1.2 Development Course
4.1.3 Business Model
4.1.4 Status Quo
4.1.5 Policy Support
4.1.6 Competitive Landscape
4.1.7 Problems
4.2 Used Car Finance
4.2.1 Profile
4.2.2 Market Size
4.2.3 Market Structure
4.2.4 Huge Potential
4.2.5 Status Quo
4.2.6 Competitive Landscape
4.3 Internet Auto Finance
4.3.1 Profile
4.3.2 Policies
4.3.3 Status Quo
4.3.4 Competitive Landscape
5 OEM-related Auto Finance Companies
5.1 SAIC-GMAC Automotive Finance Co., Ltd. (SAIC-GMAC)
5.1.1 Profile
5.1.2 Operation
5.1.3 Auto Finance Business
5.1.4 Developments
5.2 Volkswagen Finance (China)
5.2.1 Profile
5.2.2 Operation
5.2.3 Auto Finance Business
5.2.4 Developments
5.3 Chery HuiYin Motor Finance Service Co., Ltd.
5.3.1 Profile
5.3.2 Operation
5.3.3 Revenue Structure
5.3.4 Auto Finance Business
5.3.5 Sales Network
5.4 BYD Auto Finance Company Limited
5.4.1 Profile
5.4.2 Operation
5.4.3 Auto Finance Business
5.4.4 Developments
5.5 Ford Automotive Finance (China) Limited
5.5.1 Profile
5.5.2 Operation
5.5.3 Auto Finance Business
5.5.4 Sales Network
5.5.5 Developments
5.6 Dongfeng Nissan Auto Finance Co., Ltd.
5.6.1 Profile
5.6.2 Operation
5.6.3 Auto Finance Business
5.7 Herald International Financial Leasing
5.7.1 Profile
5.7.2 Auto Finance Business
5.7.3 Developments
5.8 Toyota Motor Finance (China) Co., Ltd.
5.8.1 Profile
5.8.2 Operation
5.8.3 Auto Finance Business
5.9 BMW Automotive Finance (China) Co., Ltd.
5.9.1 Profile
5.9.2 Operation
5.9.3 Auto Finance Business
5.9.4 Developments
5.10 Yulon Motor Finance (China) Co., Ltd.
5.10.1 Profile
5.10.2 Auto Finance Business
5.10.3 Developments
5.11 Changan Auto Finance Co., Ltd.
5.11.1 Profile
5.11.2 Auto Finance Business
5.11.3 Developments
5.12 GAC-SOFINCO Automobile Finance Co., Ltd.
5.12.1 Profile
5.12.2 Operation
5.12.3 Auto Finance Business
5.13 Genius Auto Finance Co., Ltd
6 Auto Finance-related Dealers
6.1 Yongda Automobiles
6.1.1 Profile
6.1.2 Operation
6.1.3 Auto Finance Business
6.1.4 Shanghai Yongda Finance Leasing Co., Ltd.
6.1.5 Yongda Financial Group Holdings Limited
6.1.6 Developments
6.2 China Grand Auto
6.2.1 Profile
6.2.2 Operation
6.2.3 Revenue Structure
6.2.4 Gross Margin
6.2.5 All Trust Leasing Co., Ltd.
6.2.6 Auto Finance Business
6.2.7 Developments
6.3 Pang Da Automobile Trade
6.3.1 Profile
6.3.2 Operation
6.3.3 Pang Da ORIX Auto Leasing
6.3.4 Pang Da Leye Leasing Co., Ltd.
6.3.5 Developments
6.4 Yaxia Automobile
6.4.1 Profile
6.4.2 Operation
6.4.3 Revenue Structure
6.4.4 Auto Finance Business
6.4.5 Developments
6.5 China ZhengTong Auto Services Holdings Ltd
6.5.1 Profile
6.5.2 Operation
6.5.3 Revenue Structure
6.5.4 Auto Finance Business
7 Other Auto Finance Companies
7.1 Great China Finance Leasing Co., Ltd.
7.1.1 Profile
7.1.2 Auto Finance Business
7.1.3 Developments
7.2 Zhejiang Jingu Co., Ltd.
7.2.1 Profile
7.2.2 Operation
7.2.3 Entry into Auto Finance Field
7.3 Yixin Capital
7.3.1 Profile
7.3.2 Auto Finance Business
7.3.3 Developments
7.4 eCapital
7.4.1 Profile
7.4.2 Auto Finance Business
7.4.3 Developments
7.5 CAR Inc.
7.5.1 Profile
7.5.2 Operation
7.5.3 Auto Finance Business
7.6 Dafang Car Rental
7.6.1 Profile
7.6.2 Auto Finance Business
7.7 Jiayin Financial Leasing
7.7.1 Profile
7.7.2 Auto Finance Business
7.8 UCAR INC.
7.8.1 Profile
7.8.2 Operation
7.8.3 Auto Finance Business

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