Auto Finance Company's Financial Management

The automobile industry has developed about 100 years in thedeveloped countries, while the power which pushed it forward is just thespecialized automobile financial services. Since the foundation of GMAC andthe launch of "Five Mark Credit", the automobile financial industry hasdeveloped more than 80 years. While in our country, it just developed forabout 10 years. Comparing with the flourishing automobile consumingmarket, there is still great potential space for the development of theautomobile financial industry. This dissertation purposes to analysis thepresent conditions and prospect of our automobile financial industry.Chapter One explains the definition of automobile finance, concludesthe developing progress and character of automobile finance, and points outits significance to our country.Chapter Two focuses on the foundation of automobile finance – ProfitModel.Chapter Three analyses the capital structure by the aid of classicfinancial theory, and mainly introduces the means of Asset BackedSecuritization.Chapter Four displays several risks which automobile financial entityhas to face, cites several risk management methods, and analyses the presentconditions of our credit system.Chapter Five explores some possible developing way for our country toconquer the present obstacle.The last part puts forward conclusion and prospect.