China Automotive Finance Industry Report, 2017-2021
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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.
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
Advantages and Disadvantages of Major Auto Finance Practitioners in China
Global Automobile Output, 2010-2016
Global Top 20 Countries by Automobile Output, 2016
Global Automobile Sales, 2010-2016
Profit Structure of Mature Automotive Industry Chain
Global Automobile Purchase Structure by Mode
Global Auto Finance Penetration by Country, 2016
Features of Auto Finance Service in the US
Features of Auto Finance Service in Germany
Features of Auto Finance Service in Japan
Structure of Overseas Auto Finance Market by Capital Source, 2016
Global Layout of General Motors Financial Company, Inc.
Operating Results of General Motors Financial Company, Inc., 2014-2016 (USD mln)
China’s Policies on Auto Finance Industry, 2004-2017
China’s GDP, 2012-2017
China’s Automobile Output and YoY Growth, 2011-2017
China’s Automobile Sales and YoY Growth, 2011-2017
China’s Automobile Ownership, 2010-2016
Developmental Stages of Auto Finance in China
Penetration of Auto Finance in China, 2015-2021E
Auto Finance Market Size in China, 2014-2021E
Competition Pattern of Auto Finance Market in China, 2016
Major Auto Finance Companies in China
Operating Results of Major Auto Finance Companies in China, 2016
Total Assets of Auto Finance Companies in China, 2013-2016
Loans of Auto Finance Companies in China (by Type), 2013-2016
Main Business Structure of Auto Finance Companies in China, 2013-2016
Number of Automobiles (by Type) that Received Loans from Auto Finance Companies in China, 2013-2016
Cases of Chinese Internet Firms that Make Layout in Internet Auto Finance
Cases of Banks and Enterprises that Work Together to Make Layout in Auto Finance
Financial Leasing Procedures
Main Features of Auto Financial Leasing
Comparison between Financial Leasing and Financial Loans
Development Stage of Auto Financial Leasing in China
Auto Financial Leasing -- Direct Leasing Model
Auto Financial Leasing -- Sale-leaseback Model
Comparison of Business Models of Auto Financial Leasing
Penetration of Auto Financial Leasing in Major Countries
Penetration of Auto Financial Leasing in China, 2016-2021E
Policies on Auto Financial Leasing in China, 2008-2015
Major Participants in China’s Auto Financial Leasing Market
Main Advantages of TANGECHE
Trade Volume of Used Cars and YoY Growth in China, 2011-2017
Trade Volume of Used Cars in China by Region, 2015-2016
Trade Volume Structure of Used Cars in China by Region, 2016
Trade Volume Structure of Used Cars in China by Type, 2014-2016
Trade Volume Structure of Used Cars in China by Service Life, 2015
Trade Volume Structure of Used Cars in China by Service Life, 2016
Trade Volume Structure of Used Cars in China by Price Range, 2016
Ratio of Trade Volume of Used Cars to That of New Vehicles in China, 2012-2016
Ratio of Trade Volume of Used Cars to That of New Vehicles in Major Countries
Penetration of Used Car Finance in China, 2016-2021E
Advantages and Disadvantages of Used Car Finance Participants
Businesses of Major Suppliers of Used Car Financial Services
Procedures of Internet Auto Finance and Traditional Auto Mortgage Loan
Local Authorities’ Policy Support for Internet Finance
Cases of Capitals into Internet Auto Finance
Equity Structure of SAIC-GMAC
Net Interest Income and Net Income of SAIC-GMAC, 2013-2016
Main Business Types of SAIC-GMAC
Car Loan Process of SAIC-GMAC
Used Car Loan Service Flow of SAIC-GMAC
Development Course of Volkswagen Finance (China)
Net Interest Income and Net Income of Volkswagen Finance (China), 2013-2016
Main Types of New Car Loans of Volkswagen Finance (China)
Revenue and Net Income of Chery Huiyin Motor Finance Service, 2014-2016
Revenue Breakdown of Chery Huiyin Motor Finance Service by Business, 2014-2016
Number and Total Amount of Retail Car Loans of Chery Huiyin Motor Finance Service, 2014-2016
Number of Retail Car Loans of Chery Huiyin Motor Finance Service by Type, 2014-2016
Amount of Retail Car Loans of Chery Huiyin Motor Finance Service by Type, 2014-2016
Number of Retail Car Loans of Chery Huiyin Motor Finance Service by Region, 2014-2016
Amount of Retail Car Loans of Chery Huiyin Motor Finance Service by Region, 2014-2016
Main Auto Finance Products of Chery Huiyin Motor Finance Service
Number of Retail Car Loans of Chery Huiyin Motor Finance Service by Product, 2014-2016
Number of Partners of Chery Huiyin Motor Finance Service at Retail Car Loan Closing, 2014-2016
Number of Partners of Chery Huiyin Motor Finance Service at Retail Car Loan Closing by Region, 2014-2016
Number of Partners of Chery Huiyin Motor Finance Service at Retail Car Loan Closing by Type, 2014-2016
Equity Structure of BYD Auto Finance
Operating Results of BYD Auto Finance, 2015
Main Auto Finance Products of BYD Auto Finance
Business Flow of BYD Auto Finance
Equity Structure of Ford Automotive Finance (China)
Net Interest Income and Net Income of Ford Automotive Finance (China), 2014-2016
Main Auto Finance Products of Ford Automotive Finance (China)
Loan Process of Ford Automotive Finance (China)
Number of Dealers of Ford Automotive Finance (China), 2014-2016
Number of Cities with Retail Loan Business of Ford Automotive Finance (China), 2014-2016
Equity Structure of Dongfeng Nissan Auto Finance
Net Interest Income and Net Income of Dongfeng Nissan Auto Finance, 2015-2016
New Car Loan Products of Dongfeng Nissan Auto Finance
Used Car Loan Products of Dongfeng Nissan Auto Finance
Featured Auto Finance Products of Dongfeng Nissan Auto Finance
Car Loan Process of Dongfeng Nissan Auto Finance
Brands Supported by Herald International Financial Leasing
Main Auto Finance Products of Herald International Financial Leasing
Net Interest Income and Net Income of Toyota Motor Finance (China), 2013-2016
Auto Finance Products of Toyota Motor Finance (China)
Loan Process of Toyota Motor Finance (China)
Equity Structure of BMW Automotive Finance (China)
Net Interest Income and Net Income of BMW Automotive Finance (China), 2013-2016
Main Car Loan Products of BMW Automotive Finance (China)
Main Operations of Yulon Motor Finance (China)
New Car Loan Products of Yulon Motor Finance (China)
Equity Structure of Changan Auto Finance
Personal Car Consumer Loan Products of Changan Auto Finance
Loan Application Procedures of Changan Auto Finance
Net Interest Income and Net Income of GAC-SOFINCO Automobile Finance, 2015-2016
Auto Finance Products of GAC-SOFINCO Automobile Finance
Approval Process of GAC-SOFINCO Automobile Finance
“360 Plan” of GAC-SOFINCO Automobile Finance -- After-sales Funds Quota
“360 Plan” of GAC-SOFINCO Automobile Finance -- VIP Roadside Assistance Services
Quanxiangdai Product Portfolios of GAC-SOFINCO Automobile Finance
Equity Structure of Genius Auto Finance
Revenue and Net Income of Yongda Automobiles, 2013-2016
Financial Businesses of Yongda Automobiles
Financial Leasing Revenue of Yongda Automobiles, 2013-2016
Six Advantages of Financial Leasing of Yongda Automobiles
Revenue and Net Income of China Grand Auto, 2014-2017
Revenue Breakdown of China Grand Auto by Business, 2015-2016
Gross Margin of China Grand Auto by Business, 2015-2016
Development Course of All Trust Leasing
Financial Data of All Trust Leasing, 2015-2016
Major Financial Leasing Schemes of All Trust Leasing
Financial Leasing Procedures of All Trust Leasing
Equity Structure of Shaanxi Changyin Consumer Finance
Planned Fundraising Projects of China Grand Auto by Non-public Offering of Shares, 2016
Revenue and Net Income of Pang Da Automobile Trade, 2013-2017
Operating Leasing and Financial Leasing of Pang Da ORIX Auto Leasing
Auto Financial Leasing Procedures of Pang Da ORIX Auto Leasing
Financial Data of Pang Da Leye Leasing, 2014-2016
Revenue and Net Income of Yaxia Automobile, 2013-2017
Revenue Breakdown of Yaxia Automobile by Business, 2013-2016
Revenue Structure of Yaxia Automobile by Business, 2013-2016
Auto Finance Revenue and YoY Growth of Yaxia Automobile, 2013-2016
Revenue and Net Income of China Zhengtong Auto Services Holdings, 2012-2016
Revenue Breakdown of China Zhengtong Auto Services Holdings by Business, 2013-2016
Revenue Structure of China Zhengtong Auto Services Holdings by Business, 2013-2016
Major Partners of Great China Finance Leasing
Presence of Great China Finance Leasing
Features of Great China Finance Leasing
Online Car Purchase Application Procedures of Great China Finance Leasing
Revenue and Net Income of Zhejiang Jingu, 2013-2017
Equity Structure of Yixin Capital
Development Course of Yixin Capital
Financial Leasing Schemes of eCapital
Major Partners of eCapital
Tesla-dedicated Financial Leasing Products of eCapital
Equity Structure of CAR Inc.
Operating Results of CAR Inc., 2015-2016
Revenue Structure of CAR Inc. by Business, 2013-2016
Fleet Size of CAR Inc., 2013-2016
Financial Leasing and Revenue of Car Inc., 2012-2016
Financial Leasing Procedures of Car Inc.
Dafang Car Rental’s Platform (usedcar.dafang24.com) -- Six Advantages
Dafang Car Rental’s Platform (usedcar.dafang24.com) -- Procedures
Equity Structure of Jiayin Financial Leasing
New Car Financing Schemes of Jiayin Financial Leasing
Used Car Financing Schemes of Jiayin Financial Leasing
Revenue and Net Income of Ucar Inc., 2015-2016
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