It can be seen that the current auto finance market shows a sustained and fiery momentum, which contains huge market potential and is considered to be one of the industries that are generally optimistic in recent years.
With the continuous increase of automobile production, sales and ownership in China, the scale of automobile finance market is gradually expanding, the financial penetration rate is constantly improving, and the market field is gradually expanding and refining. In addition, a series of conditions, such as the new regulations on online loan supervision jointly issued by China Banking Regulatory Commission and other four ministries and commissions, will bring new development opportunities to the P2P car loan industry at the intersection of the new car market and the aftermarket.
Relevant data show that in 20 12, the scale of China auto finance market reached 392 billion yuan, with an annual growth rate of over 30%. Last year, the scale of China's auto finance market exceeded 700 billion yuan, with the compound annual growth rate of 20 12 to 20 14 exceeding 33.6%, and the penetration rate of auto finance exceeding 20%. P2P car loan has always been considered as an indispensable part of auto finance.
On August 24th, the new regulation of online lending supervision was officially promulgated, which stipulated the loan amount of institutional borrowers in peer-to-peer lending. This means that large-scale projects such as mortgage loans and corporate loans will face considerable transformation pressure. In contrast, P2P car loans are not a problem in terms of compliance and legality.
Most car loan projects have the characteristics of small amount dispersion, and more than 95% of the projects are within 200,000 yuan. Under the heavy impact of supervision, P2P online lending platform began to seek transformation, and traditional guarantee projects were gradually replaced by projects covering upstream and downstream supply chains, such as mortgage loans, car purchase installment, financial leasing, used car maintenance, auto insurance and car dealers.
At present, the internet auto finance market is booming. With the continuous improvement of car sales and car financial penetration, there will be more room for P2P car loans in the future.
In addition, according to the quota stipulated in the Interim Measures, P2P car loans will undoubtedly usher in an unprecedented growth period in the post-regulatory era based on the principle of small-scale dispersion that is highly in line with regulatory requirements.
Million car purchase subsidy