市場調査レポート
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1063585

中国の自動車金融産業の分析 (2022年~2030年)

China Automotive Finance Industry Report, 2022-2030

出版日: | 発行: ResearchInChina | ページ情報: 英文 236 Pages | 納期: 即日から翌営業日

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中国の自動車金融産業の分析 (2022年~2030年)
出版日: 2022年03月29日
発行: ResearchInChina
ページ情報: 英文 236 Pages
納期: 即日から翌営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

中国国内の自動車金融の普及率は上昇傾向にあり、2021年には約52%に達しましたが、先進国にはまだ遠く及ばない状態です。自動車金融の成熟化と信用システムの改善の中で、中国の自動車金融産業には大きな潜在力があり、普及率が今後大幅に上昇する見通しです。

当レポートでは、中国における自動車金融(自動車ファイナンス、オートローン)産業について分析し、世界全体の業界構造・動向や、中国国内の発展環境 (最新情勢・市場規模動向・競争環境など)、セグメント別の詳細動向 (カーリース、中古車金融、インターネット自動車金融)、主要企業のプロファイルといった情報を取りまとめてお届けいたします。

目次

第1章 概要

第2章 世界の自動車金融業界

  • 発展環境
  • 現状
  • 主要国における自動車金融の概要
    • 米国
    • ドイツ
    • 日本
  • 競合情勢
  • 世界市場の動向

第3章 中国の自動車金融業界

  • 発展環境
    • 政策
    • 景気動向
    • 自動車の販売動向
    • 自動車の保有台数
  • 発展経路
  • 現状
  • 市場規模
  • 競合情勢
  • 自動車金融企業の経営状況
  • 発展動向
    • 自動車金融企業の市場シェアの更なる拡大
    • 中古車金融事業の急速な成長
    • 中古車貿易のサイバー化
    • 自動車金融商品の多様化
    • 信用システムの改善による自動車金融市場の発展促進
    • インターネット自動車金融のトレンド化
    • 消費者構造の変化
    • 業界再編の加速化
  • COVID-19感染拡大における中国の自動車金融業界

第4章 中国の自動車金融市場のセグメント

  • 自動車リース (自動車ファイナンシャルリース)
  • 中古車ファイナンス
  • インターネット自動車金融

第5章 自動車メーカー関連の自動車金融企業

  • SAIC-GMAC Automotive Finance Co., Ltd. (SAIC-GMAC)
  • Volkswagen Finance (China)
  • Chery Huiyin Motor Finance Service Co., Ltd.
  • BYD Auto Finance Company Limited
  • Ford Automotive Finance (China) Limited
  • Dongfeng Nissan Auto Finance Co., Ltd.
  • Herald International Financial Leasing
  • Toyota Motor Finance (China) Co., Ltd.
  • BMW Automotive Finance (China) Co., Ltd.
  • Yulon Motor Finance (China) Co., Ltd.
  • Changan Auto Finance Co., Ltd.
  • GAC-SOFINCO Automobile Finance Co., Ltd.
  • Genius Auto Finance Co., Ltd
  • Beijing Hyundai Auto Finance Co., Ltd.

第6章 自動車金融関連のディーラー

  • Yongda Automobiles
  • China Grand Automotive Services Co., Ltd.
  • Pang Da Automobile Trade
  • Anhui Yaxia Industry Co, Ltd.
  • Shanghai Dongzheng Automotive Finance Co., Ltd.

第7章 その他の自動車金融企業

  • Cango Inc.
  • Great China Finance Leasing Co., Ltd.
  • Zhejiang Jingu Co., Ltd.
  • Yixin Group
  • eCapital
  • UCAR INC.
  • Dafang Car Rental
  • Jiayin Financial Leasing
  • Souche
  • Weidai Ltd.
  • XXF
図表

Selected Charts:

  • Advantages and Disadvantages of Major Auto Finance Practitioners in China
  • Global Automobile Output, 2010-2021
  • Global Automobile Output by Geography, 2010-2021
  • Global Top 20 Countries by Automobile Output, 2019-2021
  • China Automobile Sales, 2019-2021
  • USA Automobile Sales ,2019-2021
  • Japan Automobile Sales, 2019-2021
  • India Automobile Sales, 2019-2021
  • S.Korea Automobile Sales, 2019-2021
  • Germany Automobile Sales, 2019-2021
  • Profit Structure of China Automobile Industry and Mature Automotive Industry Chain
  • Global Automobile Purchase Structure by Mode
  • Global Auto Finance Penetration by Country
  • 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
  • Structure of China Auto Finance Market by Capital Source, 2021
  • Global Layout of General Motors Financial Company, Inc.
  • Operating Results of General Motors Financial Company, Inc.,2020-2021
  • Revenue from Commercial Finance Business of General Motors Financial Company, Inc. by Geography, 2020-2021
  • Operation of General Motors Financial Company, Inc. in China, 2020-2021
  • China's Policies on Auto Finance Industry, 2004-2021
  • China's GDP, 2012-2021
  • China's Automobile Sales, 2010-2021
  • Sales Volume of Passenger Car in China, 2010-2021
  • Sales Volume of Commercial Vehicle in China, 2006-2021
  • Output and Sales Volume of NEV in China, 2011-2021
  • China Automobile Ownership, 2012-2021
  • Developmental Stages of Auto Finance in China
  • Retail Loan Balance of Auto Finance Companies and Number of Vehicles Purchased with Retail Loan in China, 2013-2020
  • Penetration of Auto Finance in China, 2015-2030E
  • Auto Finance ABS Issuance in China, 2015-2021
  • Auto Finance Market Size in China, 2015-2030E
  • Distribution of Loan Assets Securization Market Initiators by Type, 2021
  • Top 10 Issusing Agencies of Auto Loan by Issuance Scale, 2021
  • Auto Finance Related Enterprises Invested by BATJ
  • Advantages and Disadvantages of Major Auto Finance Practitioners in China
  • Total Assets and Market Share of Auto Finance Companies, by the end of 2020
  • Major Auto Finance Companies in China, as of 2021
  • Issuance of Financial Bonds and Asset Securitization Products of Auto Finance Companies and Financial Companies Affiliated to Automotive Groups, 2013-2021
  • Issuance of Personal Auto Loan ABS in the Interbank Market, 2012-2021
  • Issuance of Personal Auto Loan ABS in the Interbank Market by Proportion, 2015-2021
  • Issuance Scale of Personal Auto Loan ABS in the Interbank Market by Initiator, 2012-2021
  • Issued Tranches of Personal Auto Loan ABS in the Interbank Market by Initiator, 2012-2021
  • Interest Rate of Personal Auto Loan ABS (AAAsf-rated)
  • Transaction of Auto Loan ABS in the Secondary Market, 2017-2021
  • Market Shares of Auto Finance Companies in China, 2016-2030E
  • Intended Used Car Users' Age Preferences for Vehicles
  • Intended Used Car Users' Preferences for Vehicle Purchasing Channels
  • Cases of Chinese Internet Firms that Make Layout in Internet Auto Finance
  • Car Purchase Reasons of Intended Used Car Users of Different Ages
  • Considerations of Intended Used Car Users of Different Genders When Choosing a Car
  • Monthly Sales Volume of Passenger Car in China, 2019-2021
  • YoY Growth in Loans of Major Auto Finance Companies
  • Distribution of Tier-1 Capital Adequacy Ratios of Major Chinese Commercial Banks in Stress Conditions Assessed by S&P Global Ratings, As of 2020
  • Capital Adequacy Ratios of Major Auto Finance Companies, As of 2020
  • Net Interest Margins of Major Auto Finance Companies, 2020
  • Average Return on Total Assets of Major Auto Finance Companies, 2020
  • Loan Structure of Major Auto Finance Companies , As of 2020
  • Industrial Average Non-performing Loan Ratio and Provision Coverage of Auto Finance Companies, As of 2020
  • Non-performing Loan Ratio and Special Mention Loan Ratio of Major Auto Finance Companies, As of 2020
  • Funding Structure of Major Auto Finance Companies, As of 2020
  • 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, 2016-2030E
  • Policies on Auto Financial Leasing in China, 2008-2020
  • Major Participants in China's Auto Financial Leasing Market
  • Leading Auto Financial Leasing Companies in China
  • Cases of Automakers in Financial Leasing
  • BATJ's Deployments in Auto Financial Leasing in China
  • Transaction Volume of Used Cars and YoY Growth in China, 2011-2021
  • Monthly Transaction Volume of Used Cars in China, 2020-2021
  • Transaction Volume of Used Car by Region in China, Dec.2021
  • Cross-Region Circulation of Used Car in China, 2019-2021
  • Transaction Volume Structure of Used Car in China by Price Range, 2020-2021
  • Transaction Volume Structure of New Energy Used Car in China by Price Range, 2021
  • Overall Performance of Used Car in China, 2021
  • Trade Volume Structure of Used Cars in China by Type, 2014-2020
  • Trade Volume Structure of Used Cars in China by Service Life, 2010-2021
  • Ratio of Trade Volume of Used Cars to That of New Vehicles in Major Countries (USA, Japan, China)
  • Ratio of Trade Volume of Used Cars to That of New Vehicles in China, 2012-2020
  • Penetration of Used Car Finance in China, 2016-2030E
  • Cases of Major Chinese Enterprises' Layout in Used Car Finance, 2015-2019
  • 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, 2015-2019
  • Development Course of Internet Auto Finance in China
  • Types of Players in Internet Auto Finance in China
  • Equity Structure of SAIC-GMAC
  • Net Interest Income and Net Income of SAIC-GMAC, 2013-2021
  • SAIC-GMAC's Revenue by Product, 2016-2020
  • Loan Structure of SAIC-GMAC, 2017-2020
  • Wholesale Credit Business Overview of SAIC-GMAC, 2017-2020
  • Retail Credit Business Overview of SAIC-GMAC, 2017-2020
  • Main Business Types of SAIC-GMAC
  • Car Loan Process of SAIC-GMAC
  • Development History of chengxin.saic-gm.com
  • Used Car Loan Service Flow of SAIC-GMAC
  • Net Interest Income and Net Income of Volkswagen Finance (China), 2013-2018
  • New Retail Contracts and Penetration Rate of Volkswagen Finance (China), 2008-2020
  • Main Types of New Car Loans of Volkswagen Finance (China)
  • Composition of the Loan Product of Volkswagen Finance (China), 2010-2020
  • Development Course of Chery Huiyin Motor Finance Service
  • Revenue and Net Income of Chery Huiyin Motor Finance Service, 2014-2020
  • Revenue Breakdown of Chery Huiyin Motor Finance Service by Business, 2014-2020
  • Number and Total Amount of Retail Car Loans of Chery Huiyin Motor Finance Service, 2014-2020
  • Number of Retail Car Loans of Chery Huiyin Motor Finance Service by Type, 2014-2020
  • Amount of Retail Car Loans of Chery Huiyin Motor Finance Service by Type, 2014-2020
  • Main New Car Loan Products of Chery Huiyin Motor Finance Service
  • Cooperative Brands of Chery Huiyin Motor Finance Service
  • Number of Partners of Chery Huiyin Motor Finance Service at Retail Car Loan Closing by Type, 2014-2018
  • Equity Structure of BYD Auto Finance
  • Operating Results of BYD Auto Finance, 2018-2021
  • 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), 2014-2020
  • Main Auto Finance Products of Ford Automotive Finance (China)
  • Loan Process of Ford Automotive Finance (China)
  • Number of Dealers of Ford Automotive Finance (China), 2014-2020
  • Number of Cities with Retail Loan Business of Ford Automotive Finance (China), 2014-2020
  • Loan Structure of Ford Automotive Finance (China)
  • Retail Loan Business Overview of Ford Automotive Finance (China), 2018-2020
  • Dealer Loan Business Overview of Ford Automotive Finance (China), 2018-2020
  • Bond Overview of Ford Automotive Finance (China)
  • Equity Structure of Dongfeng Nissan Auto Finance
  • Net Interest Income and Net Income of Dongfeng Nissan Auto Finance, 2015-2020
  • Retail Credit Business Overview of Dongfeng Nissan Auto Finance, 2018-2020
  • Dongfeng Nissan Auto Finance's New Car Loan Products for Dongfeng Nissan Models
  • Dongfeng Nissan Auto Finance's New Car Loan Products for Zhengzhou Nissan Models
  • Dongfeng Nissan Auto Finance's New Car Loan Products for Venucia Models
  • Dongfeng Nissan Auto Finance's New Car Loan Products for Dongfeng Infiniti Models
  • Car Loan Process of Dongfeng Nissan Auto Finance
  • Used Car Loan Products of Dongfeng Nissan Auto Finance
  • Bond Issuance Overview of Dongfeng Nissan Auto Finance by July 2021
  • Brands Supported by Herald International Financial Leasing
  • Equity Structure of Herald International Financial Leasing
  • Net Interest Income and Net Income of Herald International Financial Leasing, 2018-2021
  • Existing Contracts of BMW Finance, 2016-2021
  • Main Auto Finance Products of Herald International Financial Leasing
  • Net Interest Income and Net Income of Toyota Motor Finance (China), 2013-2020
  • Retail Business of Toyota Motor Finance (China), 2018-2020
  • 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), 2013-2019
  • Existing Contracts of BMW Finance, 2016-2021
  • Main Car Loan Products of BMW Automotive Finance (China)
  • Car Loan Process of BMW Automotive Finance (China)
  • Equity Structure of Yulon Motor Finance (China)
  • Main Operations of Yulon Motor Finance (China)
  • Car Loan Products of Yulon Motor Finance (China)
  • Car Loan Process of Yulon Motor Finance (China)
  • Equity Structure of Changan Auto Finance
  • Net Interest Income and Net Income of Changan Auto Finance, 2016-2021
  • Auto Loan Business Structure of Changan Auto Finance, 2018-2020
  • Inventory Financing Business of Changan Auto Finance, 2018-2021
  • Consumer Credit Business of Changan Auto Finance, 2018-2021
  • Personal Car Consumer Loan Products of Changan Auto Finance
  • Loan Application Procedures of Changan Auto Finance
  • Used Car Loan Product of Changan Auto Finance
  • Used Car Business of Changan Auto Finance, 2018-2021
  • Equity Structure of GAC-SOFINCO Automobile Finance
  • Net Interest Income and Net Income of GAC-SOFINCO Automobile Finance, 2015-2020
  • Auto Loan Business Structure of GAC-SOFINCO Automobile Finance, 2018-2020
  • Retail Loan Business of GAC-SOFINCO Automobile Finance, 2018-2020
  • Inventory Financing Loan Business of GAC-SOFINCO Automobile Finance, 2018-2020
  • Auto Finance Products of GAC-SOFINCO Automobile Finance
  • RSA Service of GAC-SOFINCO Automobile Finance
  • Approval Process of GAC-SOFINCO Automobile Finance
  • Bonds of GAC-SOFINCO Automobile Finance
  • Equity Structure of Genius Auto Finance
  • Net Interest Income and Net Income of Genius Auto Finance, 2017-2021
  • Retail Auto Loans of Genius Auto Finance, 2015-2021
  • Loan Application Procedures of Genius Auto Finance
  • Equity Structure of Beijing Hyundai Auto Finance
  • Financing Means of Beijing Hyundai Auto Finance, 2012-2018
  • Net Interest Income and Net Income of Beijing Hyundai Auto Finance, 2015-2020
  • Loan Structure of Beijing Hyundai Auto Finance, 2018-2020
  • Retail Credit Business of Beijing Hyundai Auto Finance, 2018-2020
  • Inventory Financing Business of Beijing Hyundai Auto Finance, 2018-2020
  • Key Retail Finance Business of Beijing Hyundai Auto Finance
  • Loan Application Procedures of Beijing Hyundai Auto Finance
  • Loan Issuance of Beijing Hyundai Auto Finance, 2013-2021
  • Loan Amount of Beijing Hyundai Auto Finance, 2013-2021
  • Key Used Car Finance Business of Beijing Hyundai Auto Finance
  • Revenue and Net Income of Yongda Automobiles, 2013-2021
  • Financial Businesses of Yongda Automobiles
  • Cooperative Agencies of Yongda New Automobile Finance Division
  • Financial Leasing Revenue of Yongda Automobiles, 2013-2020
  • Six Advantages of Financial Leasing of Yongda Automobiles
  • Revenue and Net Income of China Grand Auto, 2014-2021
  • Revenue Breakdown of China Grand Auto by Business, 2015-2020
  • Gross Margin of China Grand Auto by Business, 2015-2020
  • Development Course of All Trust Leasing
  • Financial Data of All Trust Leasing, 2015-2020
  • 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 Share, 2016
  • Revenue and Net Income of Pang Da Automobile Trade, 2013-2021
  • Operating Leasing and Financial Leasing of Ling Tai Financial Leasing
  • Auto Financial Leasing Procedures of Ling Tai Financial Leasing
  • Financial Data of Pang Da Leye Leasing, 2014-2019
  • Global Layout of Anhui Yaxia Industry Co, Ltd.
  • Agent Brands of Anhui Yaxia Industry Co, Ltd.
  • Revenue of Dongzheng Auto Finance by Segment, 2015-2021
  • Net Interest Income of Dongzheng Auto Finance, 2016-2021
  • Loans Issued by Dongzheng Auto Finance (by Type), 2019-2021
  • Financial Products of Dongzheng Auto Finance
  • Loan Process of Dongzheng Auto Finance
  • Layout of Dongzheng Auto Finance in China
  • Development Course of CANGO
  • Dealer Network of CANGO in China
  • CANGO's Customer Acquisition Network
  • Revenue and Net Income of CANGO, 2016-2021
  • Revenue of CANGO by Business, 2016-2021
  • Transaction Volume Metrics of CANGO
  • Service Range of CANGO
  • Service Objects and Contents of CANGO
  • CANGO's End-to-end Technology-enabled Auto Platform
  • Application Flow of CANGO
  • CANGO's Auto Financing Transactions
  • CANGO's Partnerships with financial institutions
  • CANGO's Strategic Synergies with NEV Partners
  • Presence of Great China Finance Leasing in China
  • Major Partners of Great China Finance Leasing
  • Development Course of Great China Finance Leasing
  • Auto Finance Solution of Great China Finance Leasing
  • Features of Great China Finance Leasing
  • Car Purchase Application Procedures of Great China Finance Leasing
  • Revenue and Net Income of Zhejiang Jingu, 2013-2021
  • Partners of Jinci Financial
  • Highlights of Yixin Group, as of Jun. 2021
  • Development Course of Yixin Group
  • Revenue and Net Income of Yixin Group, 2016-2021
  • Revenue of Yixin Group by Business, 2016-2021
  • Revenue of Yixin Group by Service, 2019-2021
  • Financed Transactions of Yixin Group, 2016-2021
  • Transaction Volume of Auto Finance of Yixin Group, 2020H1 & 2021H1
  • Revenue from Aftermarket and Its Proportion of Yixin Group, 2020H2-2021H1
  • Major Capital Source and Cost Change Trend of Yixin Group,2020H2-2021H1
  • Strategy and Business Planning of Yixin Group
  • Major Partners of eCapital
  • Development Course of eCapital
  • Financial Products of eCapital
  • Tesla-dedicated Financial Leasing Products of eCapital
  • Revenue and Net Income of Ucar Inc., 2015-2019
  • Partners of Ucar's Carbank.cn
  • 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
  • Major Cooperative Brands of Souche
  • Financing of Souche
  • Cooperative Auto Brands of Tangeche
  • Development Course of Weidai
  • Revenue and Net Income of Weidai, 2017-2019
  • Major Auto Finance Products of Weidai
  • Revenue and Net Income of XXF, 2017-2021
  • Revenue from Auto Retail and Financial Leasing Business of XXF, 2017-2021
  • Revenue from Auto Retail and Financial Leasing Business of XXF by Region, 2017-2021
  • Revenue from Auto Retail and Financial Leasing Business of XXF by City Level, 2018-2021
  • Typical Arrangement between Auto Suppliers, Customer and XXF Group
  • Revenue from Vehicle sold by Financial Leasing of XXF by Brand, 2018-2021
目次
Product Code: ZXF003

Auto finance is lucrative with the highest profit margin in the international automobile industry chain, contributing to roughly 23% of the global automobile industry profits. Yet, auto finance only has the profit margin of 13% in China. Besides a strong driver for the development of automotive market, auto finance serves as a main source of profits for large automobile groups.

In a well-established automotive market, profits come mostly from the aftermarket, but China's automobile industry still pivots on the upstream of the industrial chain as concerns profitability, will avert its focus, however, from the upstream auto production and marketing to the aftermarket where diversified services will enjoy great opportunities in future.

In 2021, China produced 26.082 million and sold 26.275 million automobiles, up 3.4% and 3.8% year-on-year respectively, ending the three-year decline since 2018.

With the changes in consumer attitudes and a multitude of the emerging consumption patterns, the penetration rate of auto finance in China shows an uptrend in recent years, hitting about 52% in 2021, still far behind that of developed countries. Amid the growing mature auto finance and the improving credit system in China, there are huge potentials in auto finance industry of China, with penetration to rise considerably.

In 2021, the cumulative issuance of auto loan ABS reached RMB263.51 billion, up 35.8% over 2020.

In 2021, the cumulative issuance of auto loan ABS swelled 35.8% year on year to RMB263.51 billion, setting a new record in the interbank bond market. The issuance in the first three quarters was almost the same in scale, while it set an all-time record for a single season, namely RMB 82.9 billion, in the fourth quarter. In 2021, a total of 20 initiators participated in ABS, and they were enthusiastic enough to have more issuance, even a single initiator launched 5 ABS products. The above data shows that the auto loan ABS in the interbank bond market has fully recovered from the impact of the pandemic, and investors' acceptance of it has been further improved. In a comparatively loose financing environment, the issuance of auto loan ABS in 2022 is expected to sustain the bullish trend in 2021.

Till the end of 2021, 25 auto finance companies had been approved for establishment.

Auto finance companies have a late start in the auto finance market. In October 2003 and November 2003, the China Banking Regulatory Commission successively promulgated Administrative Measures for Auto Finance Companies and Detailed Rules for the Implementation of Administrative Measures for Auto Finance Companies, officially opening up domestic auto consumer credit and related businesses, allowing qualified Chinese and foreign institutions to establish auto finance companies in China. As of end-2021, a total of 25 auto finance companies had been approved for establishment. Backed by automakers, auto finance companies are advantageous in the auto industry chain and developing apace in recent years with rich channel resources. Based on public data, the total assets of auto finance companies nationwide are on a rapid rise over the recent years, with an average growth rate of 19.05% between 2016 and 2020, and registering RMB977.48 billion at the end of 2020.

The COVID-19 hit hard credit standing of the automotive sector, but the situation improved apparently in 2021.

Auto sales was seriously devastated at the outbreak of COVID-19 in the first quarter of 2020, and has rebounded steadily since then with China's strong control on the pandemic.

As for retailing, auto finance companies actively cooperate with OEMs to carry out promotions, and drive auto sales by enriching loan products, digitizing procedures, lowering loan thresholds, and easing the burden to car buyers. On the supply chain side, auto finance companies offer stable financial support to dealers; especially during the COVID-19 in 2020, they eased the burden on dealers by intentionally extending the repayment term and slashing loan interests and fees in response to the shortage of funds for some dealers. This move stabilizes the marketing system of OEMs. As of the end of 2020, the retail loan balance of auto finance companies in China had been RMB782.016 billion, up 8.71% year on year; the inventory wholesale loan balance had edged down 3.15% year-on-year to RMB104.652 billion.

Auto finance companies have been operating steadily on the whole, and showed professional risk control capabilities and robust business competences amid the pandemic. The regulatory indicators of auto finance companies still perform well. By the end of 2020, the auto finance industry's average liquidity ratio had reached 214.09%, much higher than the average level of the banking industry; the auto finance industry's capital adequacy ratio had jumped 0.79 points year on year to 21.40%; its average non-performing loan ratio had been 0.49%, and it had decreased after a surge in February and March due to the pandemic, and at the end of 2020 back to the level at the end of the previous year, and even with a slight decrease of 0.01 point.

Compared with banks and other non-bank financial institutions with more diversified operations, auto finance companies focus on auto finance with better transparency. An auto finance company's loan portfolio typically consists of two parts: retail business (loans for car buyers) and wholesale business (loans to car dealers). Also, auto finance companies can develop car rental services, which usually feature higher flexibility in product design. In practice, rental services are more concentrated in the financial leasing companies established by automakers.

“ China Automotive Finance Industry Report, 2022-2030” highlights the following:

  • Global auto finance industry (development environment, status quo, auto finance development in countries, competition, global expansion, etc.);
  • China's auto finance industry (development environment, history, status quo, market size, competition, operation of auto finance companies, development trends, situation amid the pandemic, etc.);
  • China's auto finance market segments (auto financial leasing, used car finance and auto Internet finance);
  • 14 OEM-related auto finance companies, 5 dealer-related auto finance companies and 11 other auto-finance-related firms.

Table of Contents

1. Overview

  • 1.1 Definition
  • 1.2 Classification
  • 1.3 Market Players

2. Global Auto 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. Auto finance Industry in China

  • 3.1 Development Environment
    • 3.1.1 Policy
    • 3.1.2 Economy
    • 3.1.3 Automobile 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 Market Share of Auto Finance Companies Grows Further
    • 3.7.2 Used Car Financial Business Grows Rapidly
    • 3.7.3 Cyberization of Used Car Trade
    • 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 Consumer Structure Changes
    • 3.7.8 Industry Reshuffle Accelerates
  • 3.8 China's Auto Finance Industry in the Pandemic

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 Price Trend
    • 4.2.4 Market Structure
    • 4.2.5 Huge Potential
    • 4.2.6 Status Quo
    • 4.2.7 Competitive Landscape
  • 4.3 Internet Auto Finance
    • 4.3.1 Profile
    • 4.3.2 Policies
    • 4.3.3 Status Quo
    • 4.3.4 Problems

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 New Car Finance Business
    • 5.1.4 Used Car Finance Business
    • 5.1.5 Developments
  • 5.2 Volkswagen Finance (China)
    • 5.2.1 Profile
    • 5.2.2 Operation
    • 5.2.3 New Car Finance Business
    • 5.2.4 Used Car Finance Business
    • 5.2.5 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 New Car Finance Business
    • 5.3.6 Used Car Finance Business
    • 5.3.7 Sales Network
    • 5.3.8 Developments
  • 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 New Car Finance Business
    • 5.6.4 Used Car Finance Business
    • 5.6.5 Developments
  • 5.7 Herald International Financial Leasing
    • 5.7.1 Profile
    • 5.7.2 Operation
    • 5.7.3 Auto Finance Business
    • 5.7.4 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 Operation
    • 5.11.3 New Car Finance Business
    • 5.11.4 Used Car Finance Business
    • 5.11.5 Developments
  • 5.12 GAC-SOFINCO Automobile Finance Co., Ltd.
    • 5.12.1 Profile
    • 5.12.2 Operation
    • 5.12.3 Auto Finance Business
    • 5.12.4 Developments
  • 5.13 Genius Auto Finance Co., Ltd
    • 5.13.1 Profile
    • 5.13.2 Operation
    • 5.13.3 New Car Finance Business
    • 5.13.4 New Car Finance Business
    • 5.13.5 Developments
  • 5.14 Beijing Hyundai Auto Finance Co., Ltd.
    • 5.14.1 Profile
    • 5.14.2 Operation
    • 5.14.3 New Car Finance Business
    • 5.14.4 New Car Finance Business
    • 5.14.5 Developments

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 Automotive Services Co., Ltd.
    • 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 Ling Tai Financial Leasing
    • 6.3.4 Pang Da Leye Leasing Co., Ltd.
    • 6.3.5 Developments
  • 6.4 Anhui Yaxia Industry Co, Ltd.
    • 6.4.1 Profile
    • 6.4.2 Layout
  • 6.5 Shanghai Dongzheng Automotive Finance Co., Ltd.
    • 6.5.1 Profile
    • 6.5.2 Operation
    • 6.5.3 Auto Finance Business
    • 6.5.4 Layout

7. Other Auto Finance Companies

  • 7.1 Cango Inc.
    • 7.1.1 Profile
    • 7.1.2 Network
    • 7.1.2 Operation
    • 7.1.3 Revenue Structure
    • 7.1.4 Auto Finance Business
    • 7.1.5 Developments
  • 7.2 Great China Finance Leasing Co., Ltd.
    • 7.2.1 Profile
    • 7.2.2 Auto Finance Business
    • 7.2.3 Developments
  • 7.3 Zhejiang Jingu Co., Ltd.
    • 7.3.1 Profile
    • 7.3.2 Operation
    • 7.3.3 Auto Finance Business
  • 7.4 Yixin Group
    • 7.4.1 Profile
    • 7.4.2 Operation
    • 7.4.3 Auto Finance Business
    • 7.4.4 Developments
  • 7.5 eCapital
    • 7.5.1 Profile
    • 7.5.2 Auto Finance Business
    • 7.5.3 Developments
  • 7.6 UCAR INC.
    • 7.6.1 Profile
    • 7.6.2 Operation
    • 7.6.3 Auto Finance Business
  • 7.7 Dafang Car Rental
    • 7.7.1 Profile
    • 7.7.2 Auto Finance Business
  • 7.8 Jiayin Financial Leasing
    • 7.8.1 Profile
    • 7.8.2 Auto Finance Business
  • 7.9 Souche
    • 7.9.1 Profile
    • 7.9.2 Financing
    • 7.9.3 Auto Finance Business
  • 7.10 Weidai Ltd.
    • 7.10.1 Profile
    • 7.10.2 Operation
    • 7.10.3 Auto Finance Business
  • 7.11 XXF
    • 7.11.1 Profile
    • 7.11.2 Operation
    • 7.11.3 Auto Finance Business