Research and Markets: China Automotive Finance Industry Report - In November 2009 Ten Automotive Finance Companies Have Been Set up in China
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/b9e344/china_automotive_f) has announced the addition of the "China Automotive Finance Industry Report, 2009" report to their offering.
Automotive finance refers to the financing activities in the production, distribution, purchase and consumption of automobiles. Automotive finance companies are the non-bank financial institutions approved by China Banking Regulatory Commission to provide automotive financial service to buyers and sellers of automobiles in China.
With the substantial increase of China's automobile sales volume, the established concept of buying automobiles by loans, and the development of Chinese automobile finance companies, automobile finance companies have provided more and more loans to consumers year by year. In 2009, China's automobile sales volume is expected to reach 13 million vehicles, the automobiles purchase through automotive finance companies will value RMB44.2 billion.
As of November 2009, ten automotive finance companies have been set up in China, of which 9 are foreign-invested companies or joint ventures, and Chery Huishang Bank Auto Finance Co., Ltd. is the only local one. In November 2009, Guangzhou Auto Group was awarded with automotive finance license. Now, it plans to establish an automotive finance company, which will provide financing service for Guangzhou Auto Group, Guangqi Toyota, Guangqi Honda and Guangqi Fiat Auto. This company is expected to be the 11th automotive finance company in China. In addition, JAC and Brilliance are also applying for setting up automotive finance companies.
The report cites the data mainly from China Automotive Industry Association, and the official websites of automotive finance companies. The report focuses on the development of China's auto loans and automotive finance companies, related policies and future development trends to explore the potentials of China's automotive finance market and grasp the future development direction of China automotive finance industry.
Key Topics Covered:
1. Automotive Finance 1.1 Concept 1.2 Main Functions and Effects
2 Development of International Automotive Finance 2.1 Development 2.2 Profit Models 2.3 Key International Automotive Finance Companies
3 Chinese Consumers' Purchasing Cars by Loans 3.1 Consumption Habits 3.2 Attitude 3.3 Factors
4 Development of China's Automotive Credit Market 4.1 Scale 4.2 Approval Process
5 Development Environment for China's Automotive Finance Industry 5.1 Development of China Automobile Industry 5.2 China's Automotive Finance System 5.3 China's Automotive Finance Policies 5.4 SWOT
6 Development of China Automotive Finance Industry 6.1 Development 6.2 Profit Models 6.3 Development of Chinese Automotive Finance Companies 6.4 Development Potentials
7 Major Automotive Finance Companies 7.1 Existing Automotive Finance Companies in China 7.2 Automotive Finance Companies to be Approved in China
8 Problems and Countermeasures in the Development of China's Automotive Finance 8.1 Problems 8.2 Countermeasures
9 Future Development Trends of China's Automotive Finance
Companies Mentioned:
- First Automobile Finance Co., Ltd
- General Motors Acceptance Corporation
- Volkswagen Finance Company (China)
- Toyota Motor Finance (China) Co., Ltd.
- Ford Motor Credit Company (China)
- Daimler - Chrysler Financial Corporation
- Volvo Automotive Finance (China) Co., Ltd.
- Dongfeng Peugeot Citroen Auto Finance Company
- Fiat Auto Finance Co., Ltd.
- Chery Huishang Bank Auto Finance Co., Ltd.
- Guangqi Auto Finance Co., Ltd.
- Orient Jianghuai Auto Finance Co., Ltd.
- Brilliance Automotive Finance Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/b9e344/china_automotive_f