Future penetration of automotive consumer credit can reach 59%

A few days ago, the reporter learned from the “2017 (8th) China Auto Finance Conference” that with respect to auto loans, the users who have already bought cars have a penetration rate of 35% and will reach 59.7% in the future.

In terms of internet auto finance, the total market size of China's Internet auto finance in 2016 was approximately 1.1 trillion yuan, and it is expected to reach 1.85 trillion yuan by 2018, of which the market scale of internet auto consumption finance will be as high as 1.2 trillion yuan. However, the current Internet finance suffers from bottlenecks in the lack of a credit system, missing data in big data, and limited online functions.

Judging from the channels of auto loans, banks and financial companies are still the most mainstream channels. However, one change is that the proportion of banks has risen in the past three years, while financial companies have declined. The utilization rate of direct rent and financial leasing this year was 11.3%, and the overall satisfaction rate was 62.5%.