The Research On The Influence Of Auto Credit On Auto Consumption In China

In recent years,with the increase of people’s consumer awareness and the upgrading of consumption patterns,more and more consumers choose to buy auto the durable consumer goods on credit in China.Auto loan has been developed nearly a century,in developed countries,loan purchase has become the main way of car sales.According to the experience,consumer credit is a useful tool to promote auto sales;it can convert potential and long-term consumer demand into actual consumption in the current way by advance expenditure.Using cross-period consumption to realize the growth of consumption demand can help to improve the popularity of auto and promote the development of auto market.The automobile market in developed countries has established a relatively perfect external environment and financial system of the market,and has accumulated rich experience in the management of automobile credit.Relatively,the development of China`s auto consumer credit is short and in the exploration stage,and the external environment is imperfect,the current level of development is low.At present,auto sales in China are increasing rapidly,China has been the world’s automotive sales champion for nine years.The growth of auto demand has provided a strong support for the development of auto consumer credit,and offers a broad space for the future of China’s auto credit.As a micro-finance,Auto credit is closely related to China’s macro-economy,therefore the study has theoretical and practical significance for the development of China`s auto industry.In this context,firstly,review the related research on the relationship between consumer credit and consumer demand in domestic and foreign,especially the academic research on the relationship in auto market,and make induction and summary of that.Secondly,defines the object of study,and explain the conduction effect between consumer credit and demand.Thirdly,by comparing the development history and present situation of automobile credit at home and abroad,this paper analyzes the characteristics of China’s automobile consumption credit market.Then,based on Keynesian consumption model,set up the correlation model between Auto consumer credit and consumer demand,and the empirical research is carried out by using the data of auto loan and auto sales in China.And after multivariate regression analysis,it is concluded that there is a positive correlation between Auto loan and auto sales,but the pull effect is not very obvious.Finally,through the combination of theoretical analysis and empirical analysis,on the basis of learning from foreign advanced experience,this paper tries to find out the reasons that restrict the function of automobile credit in China.And then,based on the actual situation of China,from the legal system,credit system,residents income level,social security,financial innovation and other aspects to promote the future healthy development of China’s auto market.