Research On Credit Risk Management Of Commercial Vehicle Finance

Due to the adjustment of national policies,the non-guarantee business model of auto dealers will become the focus of the development of commercial vehicle auto finance in the future.However,due to the profitdriven auto dealers and the fierce competition among auto finance companies,the risk and income are seriously mismatched,which makes financial companies face severe challenges in risk management.At present,there is a lack of risk management research on auto finance companies in China,but more research on credit risk management of commercial banks,which leads to insufficient analysis of credit risk management of auto finance companies.By studying the current situation of credit risk management of Z Auto Finance Co.,LTD.,this paper finds that there are obvious deficiencies in personnel quality,automobile dealer management ability,risk management technology and risk disposal ability.In view of the above deficiencies,this paper puts forward several suggestions to optimize risk management,such as increasing personnel allocation,establishing incentive mechanism for improving employees’ vocational skills and education,strengthening compliance awareness training for automobile dealers,disciplinary mechanism for automobile dealers,establishing risk control model,and establishing information sharing center.In addition,this paper also proposes to explore and innovate auto finance nonperforming asset-backed securities to expand risk disposal measures for auto finance non-performing assets,which is of great significance for Z Auto Finance Co.,Ltd.to carry out non-guarantee business of auto dealers,and also provides some references for domestic auto finance companies to study credit risk management.