1. LINE

      Text:AAAPrint
      Business

      Car lending, leasing set for rapid expansion in nation

      1
      2016-05-27 09:20Global Times Editor: Li Yan

      Car loan services in China are expected to grow significantly in the next three years, industry consultancy J.D. Power said Thursday, a trend that is contributing increasingly to dealers' profits.

      About 34 percent of Chinese consumers for mass market cars will buy their vehicles with loans by 2018, compared with 15 percent in 2015. For premium cars, the figure will jump to 45 percent by 2018 from 31 percent in 2015, the consultancy said at a press conference in Beijing.

      Auto finance has become an important contributor to dealers' profits as growth in new car sales in China is slowing. About half of dealers are losing money, analysts said.

      Financing services for each premium car could bring an extra profit of about 6,000 yuan ($914.76) for dealers, while for a mass market car the figure could be 3,000 yuan, showed a report released by J.D. Power on Thursday.

      The commission from car loans accounted for around 8 percent of dealers' profits in China in 2015, Yang Xu, senior manager of auto finance at J.D. Power China, said at the press conference.

      Auto finance still has large scope for growth in China as the penetration rate is low compared with levels in developed economies. About 56 percent of consumers in the US buy cars with loans, and US auto finance firms are much more efficient than their peers in China, according to the report.

      Leasing is also a new activity in China, where only about 2 percent of consumers use such services, compared with 28 percent in the US, said experts at the Thursday press conference.

      Car leasing will serve as a major driver for auto finance as young consumers are increasingly open to the idea of renting a car. However, there are still some policy obstacles, industry insiders said.

      Car plate restrictions in major cities like Beijing and Shanghai are a big obstacle for leasing firms, which find it hard to get plates, He Changjin, general manager at All Trust Leasing Co, said at the press conference, calling for policy support from the government.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 女人18毛片免费观看| 精品国产免费人成电影在线观看| 免费无码又黄又爽又刺激| 久久综合图区亚洲综合图区| 久久久精品视频免费观看 | 国产真实伦在线视频免费观看| 亚洲日本视频在线观看| 亚洲一级毛片免费在线观看| 亚洲福利一区二区精品秒拍| 16女性下面无遮挡免费| 亚洲一区二区三区国产精品无码| 美女视频黄a视频全免费| 亚洲制服丝袜第一页| 成年女人色毛片免费看| 色欲色欲天天天www亚洲伊| 亚洲成a人片在线观看国产| 最新亚洲精品国偷自产在线| 四虎影视免费永久在线观看 | 午夜亚洲乱码伦小说区69堂| 成人免费无码大片A毛片抽搐| 亚洲乱码av中文一区二区| 日韩人妻无码免费视频一区二区三区| 日韩亚洲翔田千里在线| 亚洲人成电影网站国产精品| 成人性生交大片免费看中文| 精品无码一区二区三区亚洲桃色 | 亚洲成AV人片在WWW| 亚洲日本一区二区一本一道| 国产日韩AV免费无码一区二区| 久久亚洲精品无码VA大香大香| 久久不见久久见中文字幕免费| 黄色毛片免费网站| 亚洲av无码一区二区三区网站| 性xxxxx免费视频播放| 成在线人直播免费视频| 亚洲天堂视频在线观看| 国产嫩草影院精品免费网址| 在线观看肉片AV网站免费| 亚洲综合小说另类图片动图| 久久久久亚洲AV综合波多野结衣| 精品国产污污免费网站aⅴ|