| Auto finance is a financial derivatives servicing to automobile production, circulation of cars, and a whole process of the automobiles consumption, automotive financial services has been popular in developed countries in the world, and have become a new means of competition of every major automobile manufacturers contesting the consumers. The United States started to develop consumer credit in the 1920s, detonating the car market, reducing the pressure of consumers on the funds , stimulating personal consumption, and promoting the development of the American automotive industry.In 1993, companies from the North ordnance Golf car dealers first installment self-finance service widened China's automobile financial services in the Triangle. After 1998, automobile credit business in the country swing developed in full. According to the statistic, in 2001 China, 100,000 people enjoyed the financial services, six percent the purchase of a new car buyers. In 2002, nearly 200,000 people through consumer credit as a means of car owners. under the strict conditions of the consumer loan conditions, in 2003 there are still 40 percent of the purchaser selection car loans; 2004, the state's implementation of macroeconomic regulation and control, the proportion of private car loans to 10 percent, this is one of the important reasons that in 2003 automobile market "Blowout" and the 2004 auto market "cold". This also shows that the automobile financing services for the development of China's automobile industry has a considerable impact.Although the car financial services sector of our country has experienced rapid growth for a few years, brought yearly growth of automobile consumption loans, posed a risk to co-exist. On October 23, 2006, the State Development and Reform Commission experts recently interviewed by Xinhua reporters, said ,for the lack of sound credit system, as at present, China's personal consumption loans reached 180 billion yuan, more than 100 billion yuan in bad debts. China's personal credit management system were built for the first time, people personal credit is low and the relevant laws and regulations lag, credit assessment and credit review mechanisms clearly lag behind the developed countries. the mode of the operation of Commercial banks, insurance companies, and automobile credit services the is not mature enough, and there are many misunderstandings and obstacles at the operational level. Credit risk has become the biggest risk of China's auto consumption loans to development.In the context, this article is a study on automobile finance credit risk management, aimed at the services for the car manufacturers, car dealers, commercial banks, auto financial services companies and the main consumers more, because of a credit risk management services through each of the main chain, with a view to establish End good cars financial system management mechanism, formed automobile finance industry benign and healthy development.First, introduced the concept and characteristics of the auto finance, and through the analysis the performance of credit risk in automobile financing and the contents of credit risk management of auto finance, to explain the concept of the automobile financing credit risk management. By introducing experience of foreign developed countries' auto finance risk management ,compared to our country's urgent need for financial risk management vehicles. Then, introduced the China's auto finance service industry's developing process and activity by a large number of charts and detailed data, and explained and described the existing problems of the development of the Chinese auto finance business to and causes. Secondly, through the vehicle finance companies, commercial banks, car dealers three main services of automobile credit risk management empirical analysis, summarized three main services for credit risk management and the characteristics, advantages and disadvantages compared. Finally, a perfect auto finance credit risk management ideas countermeasures. |
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