The Research On Credit Risk Management Of Auto Finance Company Of XX Group

Automobile financial service has developed relatively mature in foreign countries,and the automobile financial service in our country is still in the primary stage of development.In recent years,auto finance companies had set up and developed to occupy a certain market share.Along with the rapid growth of economic level,residents’ living standard unceasing enhancement,and auto financing credit business gradually developed,car ownership in China is now among the world’s highest.Auto financing credit portfolio also had the very big promotion,however,permeability is less than 20% of China’s automobile credit business,China’s automobile credit business still has a huge market prospects for development.Because of automobile financial service in our country started relatively later than the developed countries,and our country has yet to establish a mature credit system,risk management system,etc.,what’s more the company to the attention of risk management is also not high enough,as well as we are faced the lack of relevant theoretical research and practical exploration about how companies should face all kinds of financial credit risk identification,assessment,and what the company should make the corresponding countermeasures.Due to the potential risk of the problems of all kinds of risk factors directly or indirectly affects the healthy development of the auto financing company.That is not conducive to the sustainable development of the automobile financial service industry in our country.Therefore,auto finance credit risk management has become a prominent problem that needs to be studied and solved urgently.This paper first introduces the current situation of credit risk management in XX group auto finance company,and briefly describes the problems existing in the company’s risk management and the causes of the problems in risk management are analyzed.Then this paper introduces the types of auto financing credit risk and identification method and the 3C’s model analysis of the company may face a variety of financial credit risk.We make the introduces as the basis of the company’s credit risk assessment and prevention.In front of the building of automobile credit loan risk evaluation index system principles,on the basis of using 5C’s evaluation method,constructs the automobile finance credit loan risk evaluation index system,before using logistic regression analysis model for the company.This logistic regression analysis model analyzes the factors which influence before the credit loan risk of evaluation.To auto credit business customer credit as the research object,based on the data of the customer information,SPSS software was used to analyze the risk influencing factors significantly related to the auto credit default rate,the pre-loan risk rating standard was determined,and the post-loan risk assessment was analyzed.Then the effective measures of credit risk prevention are analyzed and studied.Finally,according to the above analysis and research,the paper puts forward relevant effective measures to improve the company’s auto finance credit risk management: improve the credit system;Establish and improve the company’s internal management system;Improve information management;Establish a scientific and reasonable evaluation system;We will strengthen strategic alliance cooperation and jointly guard against risks.