The "Second-hand Vehicle Financial Risk Management Report" jointly issued by iResearch and the first car loan said that China's automobile used car market is growing rapidly. In 2016, the transaction volume of China's used car market will exceed 10 million.
The China Automobile Dealers Association predicts that by 2020, the number of used car transactions in China will reach 29.2 million, and the proportion of new and used cars will be close to 1:1.
Because China's second-hand car market started late, the industry is mixed, integrity issues, standardized business problems, cross-regional circulation issues, etc. At the same time, the lack of identification and evaluation talents, fewer third-party evaluation agencies and other problems plagued the development of the used car industry. According to the report, the current regulatory regulations are gradually in place and the industry operations are standardized, which promotes the healthy development of the used car market. With the increase in the transparency of used car information, the proportion of consumers who are willing to buy used cars in 2016 increased by 1.7 percentage points in 2015.
Li Weili, director of the Manufacturing Information Division of the Information Resource Development Department of the National Information Center, said that the Chinese auto industry is welcoming the turning point of development. In the future, the industry will maintain a medium-speed growth of 10%-15%; the focus of development will gradually shift from the front-end to the post-market dominated by used cars and auto finance.
The report believes that under the development of the used car market, the penetration rate of China's used car finance will increase rapidly in the next few years. At present, the penetration rate of used cars in China is less than 5%.
In the first car loan CEO Guo Chao, the second-hand car industry's unique car status identification, cross-regional circulation, capital use, transaction pricing and other problems have further raised the financial barriers and operational difficulties. The opaque and undisclosed assets make the industry more prone to credit fraud, asset pledge and other risks, which makes the investment and financing difficulties of capital parties and financial institutions more difficult, and restricts the stable and stable development of the industry. In order to develop auto finance, only the asset information is sufficiently open and transparent to avoid potential risks to the greatest extent and protect the legitimate rights and interests of all parties.
On January 5th, the first car loan held a press conference and announced that the B round of financing was 360 million yuan. It was led by Jinjin Capital and Yida Capital, Jingwei Venture Capital, Yixin New Financial Industry Investment Fund and 360 Finance Joint Investment. At the same time, the information sharing platform (DASS) was officially launched for the automotive supply chain finance industry. Based on the national scope, it can display, query and check the visual information of asset supervision.
Backlit Film,Eco-Solvent Front Printing Pet,Printing Post Materials,Eco-Solvent Backlit Film
Jiangsu Aoli New Materials Co.,Ltd , https://www.jsaolimaterials.com