Emerging power of automobile financial market development In recent years, the rapid development of China's automobile industry, the rapid growth of passenger car ownership has fostered a large number of potential consumers in the rental market. With the deregulation of second-hand cars, the management and circulation efficiency of second-hand cars, the standardization of pricing and related mechanisms are gradually improved, coupled with a new generation of consumer groups to change the concept of consumption and the increase in the demand for car replacement, which to a certain extent for the future development of second-hand vehicle finance laid the foundation.
Car financing leasing has undoubtedly become a booming emerging power in the automobile financial market.
The second-hand car market is growing strongly In recent years, China's second-hand car market growth momentum is strong. According to the Forward-looking Industry Research Institute issued the "Second-hand car industry market demand forecasting and investment strategic Planning Analysis Report" data show that by the end of 2016, the national second-hand vehicle trading volume reached 598.44 billion yuan.
By 2017 the national second-hand car trading volume will reach 779.33 billion yuan, the 2018 national second-hand car trading volume is expected to reach 875.12 billion yuan.
2012-2018 China second-hand car market turnover situation
Data Source: Prospective Industry Research Institute finishing
The future of second-hand car market is broad In recent years, the rapid development of China's automobile industry, the rapid growth of passenger car ownership has fostered a large number of potential consumers in the rental market. Among them, second-hand car financial market development is commendable. 2017 the national 1068 second-hand cars accumulated trading volume of 12.4009 million, an increase of 19.33%. December second-hand car trading 1.2309 million, an increase of 13.85%.
2018, the total volume of domestic used cars is expected to accumulate about 13.7 million vehicles, by 2020, the overall size of second-hand car trading is expected to break through 20 million.
2013-2020 China second-hand car market volume situation
Data Source: Prospective Industry Research Institute finishing Since 2017, the sales of second-hand cars in China has surpassed the growth of new car sales. 2017, China's new car sales of 28.8941 million vehicles, sales in 2016 a small increase, but less than the growth rate of second-hand vehicle sales.
And the proportion of second-hand cars and new car sales from 2016 to 1:2.33, the market potential of China's second-hand cars still need to dig deep.
With the deregulation of second-hand cars, the management and circulation efficiency of second-hand cars, the standardization of pricing and related mechanisms are gradually improved, coupled with a new generation of consumer groups to change the concept of consumption and the increase in the demand for car replacement, which to a certain extent for the future development of second-hand vehicle finance laid the foundation.
The potential of car retail financing leasing market is vast Currently, the industry has some financial leasing, leasing companies to participate in the car rental market competition. According to the Prospective Research institute monitoring data show that 2016 China's car rental industry market size reached 58.6 billion yuan, compared to 2010 years a significant increase in several times.
2017 China's car rental market size has reached 67.9 billion yuan. such as Pioneer Tai Au, Ping An leasing and other financing leasing companies and Everbright Financial Leasing, Minsheng Financial leasing and other gold rental companies, have to varying degrees into the car rental industry chain, layout-related business.
With the gradual opening of second-hand market, it also has a wide potential in the car retail financing leasing market, which can become the focus of the leasing industry in the car rental market.
Market scale of China's car rental industry in 2010-2017
Data Source: Prospective Industry Research Institute finishing As the overall volume of car rental market is large, the scope of business involved is also more extensive. In addition to leasing companies in the current market, there are mainly electric business platforms, automotive internet platforms and auto finance companies.
such as melon seeds used cars, excellent letter second-hand cars, the first car loans, and so on, mainly for consumer terminals, through the line of the online combination of the way for consumers to provide second-hand car rental services. And the traditional leasing companies to do a single business into the rental market for second-hand cars, you need to transform the past business thinking. A financial leasing company Automobile financial career line, said that the small and medium-sized leasing company has a ' small and beautiful ' professional characteristics, its advantage lies in the regional management ability, in the car rental market participation in a higher degree of activity.
With the development of auto market potential, large leasing companies can rely on their own strong funds management ability, in the car rental market to increase the strength.
Good wind control is the key to the exhibition industry In fact, the second-hand car market, although the potential is huge, but really good used car leasing business, is not easy.
This year, the industry has generally felt that the second-hand car market has cooled down, control the business risk points, become in the complex market environment to maintain the competitiveness of the key.
On the one hand, compared with the new car market, second-hand cars are faced with more important valuation problems, how to evaluate the second-hand cars reasonably and accurately, related to the further expansion of the leasing business. On the other hand, the residual value of the second-hand car problems also need to focus attention.
In the financing leasing business, the ownership and the use right of the vehicle are separated, and the financial leasing company must deal with the risk caused by the fluctuation of the vehicle residual value. In terms of vehicle leasing, the variety of the residual value leasing business is still rare in the domestic development, but from the international development situation, it must be the future trend of development, but also from the existing profit-making model to the whole industry chain service profit model to change an important direction.
But it should be noted that at this stage, it is difficult to rely on leasing companies to complete the management of residual value in a relatively short period of time, leasing companies need to do a good job in market research and product design, through and the car manufacturers deepen cooperation, to gradually learn residual management, in the constant trial and error and iterative gradually improve the residual value management capabilities, to avoid potential risks. The second-hand car industry has a broad market Outlook | Good wind control is the key to the exhibition industry
