The reason why the number of auto financing companies is almost stagnant is that the consumption consciousness and consumption pattern of domestic consumers are different from those of foreign countries. The main reason is that the source of funds for auto financing companies mainly comes from bank loans, which leads to the high cost of auto financing companies in China. In addition, the immaturity of the domestic auto market and the imperfection of the credit system increase the risks of auto finance.
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Automobile industry has long been the pillar industry of China's economic development, because the whole vehicle manufacturing industry chain is long and wide, which has a great promoting effect on stimulating economy and consumption. During the 20 19 session, the government work report emphasized the promotion of domestic demand and the stabilization of automobile consumption, which once again clarified the pillar position of the automobile industry.
China's automobile market sales declined for the first time, but the number of cars is still increasing. Compared with developed countries in Europe and America, the per capita car ownership is low, and there is still much room for improvement in the market. By the end of 20 18, the number of automobiles in China had reached 240 million, including 20100000 minibuses.
In 20 18, the number of cars per thousand people in China was about 172, but there was still a big gap compared with developed countries. It is estimated that by 2027, the number of cars in China is expected to reach about 390 million, and the number of cars per thousand people will increase to 278. The number of cars with 1,000 people in economically developed areas such as the eastern coast will gradually be in line with those in developed countries, but there is still a big gap with the mature markets in developed countries as a whole.
Baidu encyclopedia-automobile finance