www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

BIZCHINA> Center
Underdeveloped auto financing keeps cool in financial crisis
By Hao Zhou (chinadaily.com.cn)
Updated: 2008-10-20 17:37

As the financial crisis penetrates much wider and deeper into the Chinese economy, the world auto financing industry, which had notably boosted the North American, European and Russian auto markets, is suffering the stormy weather. However, the underdeveloped Chinese auto financing market seems indifferent to the global financial crisis.

In a mature auto market, auto financing covers 60 to 80 percent of total transactions, meaning that 6 to 8 out of 10 cars are purchased by loans. However, less than 7 percent of cars were sold in China through loans last year, according to statistics from Sinotrust, a leading automobile industry research company.

Figures from Chinese commercial banks revealed Chinese consumers' personal loan balances recorded 3.3 trillion yuan ($480 billion) in total last year. Nonetheless, loans used for purchasing cars only accounted for 110.7 billion yuan, even less than 3 percent of housing loans.

In such a low-penetration, auto financing market, the raging financial crisis is unlikely to sweep Chinese auto financing like in the US, where the largest automaker General Motors is reportedly considering a merger with its struggling smaller rival Chrysler.

But that doesn't mean auto financing providers are enjoying better lives in China. Experiences from the North American, European and Japanese auto markets suggested that auto financing service providers can only make profits when the auto financing penetration reaches 25 percent in the overall auto market.

However, even the best-operating financer, Ford Automotive Finance (China) Ltd, only sold about 10,000 cars by providing loans to buyers, less than 20 percent of the total Ford cars sold in China.

Struggling Auto Dealers

Although individual car buyers will not be directly impacted by the tightening loan policies under the financial crisis, those auto dealers troubled by overstocks and limited cash flows find it difficult to gain loans from banks and auto financing providers.

In past years, about a third of Chinese auto dealers made profits, another third maintained a balance, and the others were in the red, said Luo Lei, deputy secretary-general of the China Automobile Dealers Association. But nowadays, only 20 percent can make a living, and the remainder are all suffering losses.

"We are keen on only two things," said Huang Kun, board chairman of Beijing Jingbaohang, an authorized BMW AG and BMW Brilliance auto dealer in Beijing.

"One is the carmakers' further plans in the Chinese auto market, such as their outlook on the Chinese market and how many new marques they would introduce to China, and the other is how many buyers will come to us next year."

On October 9, China's central bank lowered the benchmark deposit and loan interest rates again, twice in a single month, which was regarded by financial experts as signal of softening monetary policies in the near future.

"Whatever, whether we can make profits depends on the automakers' willingness to let us share profits," said Huang.


(For more biz stories, please visit Industries)

 

 

主站蜘蛛池模板: 国产精品成人观看视频免费 | 日本vs欧美一区二区三区 | 成人影院vs一区二区 | 亚洲黄色在线播放 | 男人天堂欧美 | 久久精品无遮挡一级毛片 | 欧美一区二区三区不卡 | a级毛片毛片免费观看永久 a级毛片毛片免费很很综合 | 91精品网站 | 一级做a爰片性色毛片视频图片 | 91大神大战丝袜美女在线观看 | 国产成人精品亚洲日本在线观看 | 国内精品久久久久久中文字幕 | 久久久小视频 | 在线不卡一区 | 日本乱人伦片中文三区 | 国产亚洲精品午夜高清影院 | 男女男在线精品网站免费观看 | 成人精品一区二区三区中文字幕 | 成年片免费网址网站 | 美女一级毛片免费看看 | 欧美日韩亚洲综合另类ac | 日本68xxxxxxxxx老师 | 9久re在线观看视频精品 | 国产一区私人高清影院 | 成年人在线观看网站 | 一级在线 | 欧洲 | 欧美在线观看不卡 | 久草久热 | 日本作爱| 美国做受三级的视频播放 | 精品国产一区二区三区不卡在线 | 九九99精品 | 男子操女子 | wwwxxx欧美| 亚洲欧美另类自拍第一页 | 亚洲国产一区二区三区四区五区 | 免费毛片播放 | 国产aⅴ一区二区 | 91高端极品外围在线观看 | 毛片无码国产 |