Over recent years, the auto finance industry in China steadily developed, assisting the uprising of penetration of auto finance constantly, which achieved 43% in 2018, up 3 percentage points versus 2017. The market size of auto finance in China is estimated to be RMB 1.200 trillion in 2018, up 2.6% yr-on-yr.
Commercial vehicle enjoyed stable growth in sales volume over recent years. At present, its sales volume accounts for over 40% of the global total, and annual sales surpasses RMB 1 trillion. However, viewed from the status quo of China commercial vehicle finance service, there is still an obvious gap to fill compared to developed countries. At present, the penetration of the commercial vehicle finance market in China is approximately 50%, which is far below that of the international mature market (with 90% of penetration).
Currently, main participants of China commercial vehicle finance industry include commercial banks, bank-affiliated financial leasing companies, manufacturer-affiliated financial leasing companies, and third-party financial leasing companies. Of these, commercial banks and bank-affiliated financial leasing companies occupy more than half of the market share, while the remaining one third is held by manufacturer-affiliated financial leasing companies.
With the deep development of commercial vehicle finance service, its shortcomings and problems are presented. For instance, commercial vehicle finance service is of weak used-car evaluation system basis, unsound risk control system, vicious competition, large financial capital demand, and insufficient bank capital supply, which directly inhibited the development of China commercial vehicle finance service.
At present, smart risk control and analysis & decision service providers represented by Tongdun Technology Co., Ltd. begins to offer solutions for problems (like unregulated market and unsound risk control system) that occurred in the commercial vehicle finance market. In the future, China commercial vehicle finance risk control ability will further be enhanced.
Thanks to the favorable policy, China commercial vehicle finance market will be gradually mature, providing more products, with better risk control ability, lower credit threshold, and higher penetration rate. It is forecast that the penetration of commercial vehicle finance in China will be 70% by 2025.
China Commercial Vehicle Finance Industry Report, 2019-2025 mainly includes the following aspects:
- Analysis of China auto finance industry, including development environment, development course, development status, market size, competition pattern, and development trend;
- Analysis of China commercial vehicle finance industry, including development status, main players, competition pattern, market size, and risk control system establishment & analysis;
- Analysis of 16 commercial vehicle finance-related enterprises, including company profile, commercial vehicle finance business analysis, etc.
1.1 Overview of Automotive Finance
1.1.3 Market Players
1.1.4 Automotive Financial Leasing
1.2 Overview of Commercial Vehicle Finance
2. Automotive Finance Industry in China
2.1 Development Environment
2.1.3 Car Ownership
2.1.4 Automobile Production and Sales
2.1.5 Commercial Vehicle Production and Sales
2.2 Development Course
2.3 Status Quo
2.4 Market Size
2.5 Competitive Landscape
2.6 Operation of Auto Finance Companies
2.7 Development Trends
2.7.1 Market Share of Auto Finance Companies Grows Further
2.7.2 Used Car Financial Business Grows Rapidly
2.7.3 Auto Financial Products Becomes More Diversified
2.7.4 Improved Credit System Pushes the Development of Auto Finance Market
2.7.5 Internet Auto Finance Has Developed into a Trend
2.7.6 Cooperation between Banks and Enterprises Drives Auto Finance
2.7.7 Competition in Auto Finance Industry Intensifies
3. Commercial Vehicle Finance Industry in China
3.1 Status Quo
3.2 Major Participants
3.2.1 Commercial Banks
3.2.2 Bank-affiliated Financial Leasing Companies
3.2.3 Manufacturer-affiliated Financial Leasing Companies
3.2.4 Third-party Financial Leasing Companies
3.3 Competitive Landscape
3.4 Market Size
3.5 Risk Control System Establishment
4. Analysis of Commercial Vehicle Finance Related Enterprises
4.1 Lionbridge Financing Leasing (China) Co, Ltd.
4.1.2 Development Course
4.1.3 Financing Status
4.1.4 Commercial Vehicle Finance Business
4.2 Fincera Inc.
4.2.2 Development Course
4.2.3 Commercial Vehicle Finance Business
4.3 Pangda Automobile Trade Co, Ltd.
4.3.3 Commercial Vehicle Finance Business
4.4 FAW Auto Finance Co, Ltd.
4.4.2 Commercial Vehicle Finance Business
4.5 First AutoMobile Finance Co, Ltd.
4.5.2 Commercial Vehicle Finance Business
4.6 Shandong HOWO Auto Finance Co, Ltd.
4.6.2 Development Goals
4.7 Guangxi Tongsheng Financial Leasing Co, Ltd.
4.7.2 Commercial Vehicle Finance Business
4.8 Keking Financial Leasing (Shanghai) Co, Ltd.
4.8.2 Development Course
4.8.3 Financing Status
4.8.4 Commercial Vehicle Finance Business
4.9 Tianjin ForFin Leasing Co, Ltd.
4.9.2 Commercial Vehicle Finance Business
4.10 Beijing CA Sinfusi Financial Leasing Co, Ltd.
4.10.3 Commercial Vehicle Finance Business
4.11 Honggao Finance Leasing Co, Ltd.
4.11.3 Commercial Vehicle Finance Business
4.12 Fortune Auto Finance Co, Ltd.
4.12.2 Development Course
4.12.3 Commercial Vehicle Finance Business
4.13 Dongfeng Motor Finance Co, Ltd.
4.13.2 Commercial Vehicle Finance Business
4.14.1 En-how Investment (Beijing) Co, Ltd.
4.14.2 Deron International Financial Leasing Co, Ltd.
4.14.3 Ping An International Financial Leasing Co, Ltd.
- Beijing CA Sinfusi Financial Leasing Co, Ltd.
- Deron International Financial Leasing Co, Ltd.
- Dongfeng Motor Finance Co, Ltd.
- En-how Investment (Beijing) Co, Ltd.
- FAW Auto Finance Co, Ltd.
- Fincera Inc.
- First AutoMobile Finance Co, Ltd.
- Fortune Auto Finance Co, Ltd.
- Guangxi Tongsheng Financial Leasing Co, Ltd.
- Honggao Finance Leasing Co, Ltd.
- Keking Financial Leasing (Shanghai) Co, Ltd.
- Lionbridge Financing Leasing (China) Co, Ltd.
- Pangda Automobile Trade Co, Ltd.
- Ping An International Financial Leasing Co, Ltd.
- Shandong HOWO Auto Finance Co, Ltd.
- Tianjin ForFin Leasing Co, Ltd.