Essay On Hefei Rural Second-hand Car Consumer Credit Market Development

The second-hand car market,rural residents can also realize their dream car.According to China automobile association data show that in 2014 China's second-hand car trading volume reached 9 million,the first three quarters of 2016,the trading volume of 6 million 884 thousand and 400 vehicles,compared to the same period last year increased by 5.68%,the cumulative transaction amount of 395 billion 400 million yuan,is expected to trade the amount of more than 10 million cars in 2017,second-hand car trading volume growth rate will exceed 3 times of the new car.In Anhui rural areas of Hefei to buy second-hand car as an example,the first three quarters of 2016,a total turnover of 46 thousand units,more than the previous year increased more than 8000.However,the farmers in the purchase of second-hand car in the process,often there will be money shortage.In order to solve this problem,many farmers choose to help commercial banks to make loans and inclusive finance is Car Buying.In the stage of development,financial institutions in rural areas for those engaged in agriculture,forestry,animal husbandry,fishery in nature,as the object of the production sector loan demand often shunned.The more developed second-hand car in the domestic development period of late,the choice of second-hand car is a citizen because of lack of funds,but also need a vehicle to travel or commercial;another is to spend less money to buy high price luxury cars,and the two part of the customer funds are tight or engaged in the high risk industry occupation.This has resulted in the commercial bank The risk of second-hand car industry to more stringent control,and even some banks believe that second-hand car customers belong to high risk customers.Do not attach importance to the second-hand car market loan business of the banks,coupled with the harsh conditions and other reasons,caused a lot of rural residents in the process of credit difficult phenomenon of second-hand car loans,many because rural residents from the bank can not get timely loan support,finally gave up the purchase of second-hand car,to a certain extent also hinder the healthy development of the used car industry.The main contents of this paper are: firstly the related theory of auto loan system has been described,which laid a theoretical foundation for the research.One is the second-hand car market status in rural areas of Hefei city development and consumer loans to carry on the analysis,I think that the development potential of the used car industry is huge,consumer loans as a new retail business.Has been gradually pay attention to the financial industry,and second-hand car consumer loans has become a financial industry blue ocean business ".The two is through in-depth analysis,study the current difficulties in rural areas of Hefei city of second-hand car consumer loan business development in the face of the existing problems,improve the early development of the industry system,there are" lack of talk the mere mention of the consciousness of the farmers loan problems,there is some contradiction between the growing demand for the material and the backward financial services.The three is a combination of the above problems,analysis of the current Opportunities and favorable conditions of second-hand car loan business in Hefei rural areas before development.Finally,two from the macro and micro level,for the development of rural areas in Hefei city of second-hand car consumption loans put forward some constructive suggestions.Provide some positive theoretical reference for development of Hefei local financial institutions to the second-hand car the loan market.