Study On The Development Of China’s Auto Finance Industry

The automobile finance means the financing in the production, circulation and consumption, vehicle purchase funds in the financial activities. Automobile finance is the only way that must be passed of modern automobile industry and the financial services modernization, is an effective way to improve the ability and level of the national consumption. With the rapid development of automobile industry and automobile consumption, the change of the automobile service industry is increasingly diversified. In a sense, it is because of the auto finance industry, only today is so prosperous automobile industry. The automobile financial industry plays a positive role in the development of automobile industry.In the twentieth Century, the automobile finance originated in the American, at the time of the business by car manufacturers to provide consumers with car sales installments. The empirical research shows that, the automobile production created only about 30% of the profits, and the circulation and customer service link can bring about 70% of the profits. The automobile financial service is the most valuable automotive industry value chain and the most dynamic part of the development of the automobile industry. Meanwhile, automobile consumption plays an important role in promoting. The automobile financial service has already been tested in mature market, developed countries the average car financing proportion reached 70%, while China’s auto finance industry is still at the embryonic stage, the proportion in China is only 10%, the automobile financial service in China has a broad market space.In this paper, a deep insight into Chinese based on the automobile market, first reviews the relevant literature inside and outside, the definition of the core concepts, and then analyzes the development of Chinese auto finance market and policy system, then, discusses the operational system China’s auto finance market business model and specific cases, then, based on the examples of automobile finance market in America, Germany, Japan, studies the financial service of international experience, the car finally expounds the general idea and countermeasures. Suggestions to promote the financial development of China’s automobile, which based on Chinese market, in order to promote the auto finance business in Chinese Market and the continuous innovation, the Chinese automobile industry will be healthy development in the future.