China Commercial Vehicle Finance Industry Report, 2020-2026
  • Sep.2020
  • Hard Copy
  • USD $3,000
  • Pages:96
  • Single User License
    (PDF Unprintable)       
  • USD $2,800
  • Code: ZLC115
  • Enterprise-wide License
    (PDF Printable & Editable)       
  • USD $4,200
  • Hard Copy + Single User License
  • USD $3,200
      

China's auto finance which has undergone four stages of development now becomes a market featuring diversified competition, with penetration of 52% and being valued at RMB1,280 billion in 2019.

The sale of commercial vehicle has remained at more than 4 million units over the past two years. Despite the COVID-19 pandemic’s big bite of China’s commercial vehicle sales in the first quarter of 2020, faster progress in major infrastructure, logistics e-commerce and 5G will trigger the surging demand for commercial vehicles. In the first seven months of 2020, China sold 2.8318 million units of commercial vehicle, a like-on-like jump of 14.3%.

In China, the prospering commercial vehicle market invigorates the commercial vehicle finance market. In 2019, the penetration of commercial vehicle finance in China was roughly 55%, far below the 90% in the world’s mature markets, leaving vast room for growth. By 4.324 million commercial vehicles sold in 2019, China’s commercial vehicle finance market boasted a scale of 2.378 million units in 2019.

China's commercial vehicle finance market is now dominated firmly by automaker-backed and bank-backed financial leasing companies, sweeping a combined 75.5% of the market in 2019. Besides, commercial banks ranked fourth with a 14.9% share. Automaker-backed financial leasing companies stand out for most manufacturers have developed a closed loop in their efforts to transform from manufacture to marketing, and then to services.

financ_副本.png

The thorough development of commercial vehicle finance has been accompanied by imperfections of such services, like weak foundation of used-car evaluation system, unsound risk control system, blind competition, and huge financial capital demand and insufficient bank capital supply, all of which hinders the development of commercial vehicle financial services in China.

Yet, China's risk control system for commercial vehicle finance gets improved progressively. For one thing, advancing technologies such as big data offer better solutions to risk control in auto finance; secondly, the support from automakers, insurers, leasing and logistics companies helps perfect the risk control system.

In the forthcoming years, the favorable policies will foster the maturity of Chinese commercial vehicle finance market which is to feature more diversified products, better risk control system, lower credit threshold and higher penetration. It is forecast that the commercial vehicle finance market in China will boast penetration up to 80% and scale of 4.056 million units by 2026.

China Commercial Vehicle Finance Industry Report, 2020-2026 highlights the following:
20120114.gifChina auto finance industry (development environment, development history, status quo, market size, competitive landscape, development trends, etc.);
20120114.gifChina commercial vehicle finance industry (status quo, main players, competitive landscape, market size, risk control system, etc.);
20120114.gif16 commercial vehicle finance companies (profile, commercial vehicle finance business, etc.).

1 Automotive Finance
1.1 Overview of Automotive Finance
1.1.1 Classification and Market Players
1.1.2 Automotive Financial Leasing
1.1.3 Business Mode of Automotive Financial Leasing
1.2 Overview of Commercial Vehicle Finance

2 China Automotive Finance Industry
2.1 Development Environment
2.1.1 Policy
2.1.2 Economy
2.1.3 Automobile Production
2.1.4 Automobile Sales
2.1.5 Automobile Ownership
2.2 Status Quo
2.3 Market Size
2.4 Competitive Landscape
2.5 Operation of Auto Finance Companies
2.6 Development Trends
2.6.1 Larger Market Share of Auto Finance Companies
2.6.2 Soaring Used Car Finance Business
2.6.3 More and More Auto Finance Products Come out
2.6.4 Better Credit System Promotes Auto Finance Market
2.6.5 Internet Automotive Finance Becomes Trend
2.6.6 A Change in Consumption Structure
2.6.7 Faster Shuffle of the Industry

3 China Commercial Vehicle Finance Industry
3.1 Commercial Vehicle Sales
3.2 Status Quo
3.3 Penetration
3.4 Major Participants
3.4.1 Commercial Banks
3.4.2 Bank-backed Financial Leasing Companies & Automaker-backed Finance Companies & Third-party Financial Leasing Companies
3.5 Competitive Landscape
3.6 Market Size
3.6.1 Market Size (by Product)
3.7 Risk Control System
3.8 Favorable Policies Spur Commercial Vehicle Finance Industry

4 China Commercial Vehicle Finance Companies
4.1 Lionbridge Financing Leasing (China) Co., Ltd.
4.1.1 Profile
4.1.2 Development History
4.1.3 Commercial Vehicle Finance Business
4.2 Fincera Inc.
4.2.1 Profile
4.2.2 Commercial Vehicle Finance Business
4.3 Pangda Automobile Trade Co., Ltd.
4.3.1 Profile
4.3.2 Commercial Vehicle Finance Business
4.4 FAW Auto Finance Co., Ltd.
4.5 First Automobile Finance Co., Ltd.
4.5.1 Profile
4.5.2 Commercial Vehicle Finance Business
4.6 Shandong HOWO Auto Finance Co., Ltd.
4.7 Guangxi Tong Sheng Finance Leasing Co., Ltd.
4.8 Keking Financial Leasing (Shanghai) Co., Ltd.
4.8.1 Profile
4.8.2 Development History
4.8.3 Commercial Vehicle Finance Business
4.9 Tianjin ForFin Leasing Co., Ltd.
4.9.1 Profile
4.9.2 Commercial Vehicle Finance Business
4.10 Beijing CA Sinfusi Financial Leasing Co., Ltd.
4.10.1 Profile
4.10.2 Commercial Vehicle Finance Business
4.11 Honggao Finance Leasing Co., Ltd.
4.11.1 Profile
4.11.2 Partners
4.11.3 Commercial Vehicle Finance Business
4.12 Fortune Auto Finance Co., Ltd.
4.12.1 Profile
4.12.2 Commercial Vehicle Finance Business
4.13 Dongfeng Motor Finance Co., Ltd.
4.13.1 Profile
4.13.2 Commercial Vehicle Finance Business
4.13.3 Commercial Vehicle Financial Products
4.14 Deron International Financial Leasing Co., Ltd.
4.15 Ping An International Financial Leasing Co., Ltd.
4.16 Sany Auto Finance Co., Ltd.
 

OEMs’ Next-generation In-vehicle Infotainment (IVI) System Trends Report, 2024

OEMs’ Next-generation In-vehicle Infotainment (IVI) System Trends Report, 2024 released by ResearchInChina systematically analyzes the iteration process of IVI systems of mainstream automakers in Chin...

Global and China Automotive Lighting System Research Report, 2023-2024

Installations of intelligent headlights and interior lighting systems made steady growth. From 2019 to 2023, the installations of intelligent headlights and interior lighting systems grew steadily. I...

Automotive Display, Center Console and Cluster Industry Report, 2024

Automotive display has become a hotspot major automakers compete for to create personalized and differentiated vehicle models. To improve users' driving experience and meet their needs for human-compu...

Global and China Passenger Car T-Box Market Report, 2024

Global and China Passenger Car T-Box Market Report, 2024 combs and summarizes the overall global and Chinese passenger car T-Box markets and the status quo of independent, centralized, V2X, and 5G T-B...

AI Foundation Models’ Impacts on Vehicle Intelligent Design and Development Research Report, 2024

AI foundation models are booming. The launch of ChapGPT and SORA is shocking. Scientists and entrepreneurs at AI frontier point out that AI foundation models will rebuild all walks of life, especially...

Analysis on Geely's Layout in Electrification, Connectivity, Intelligence and Sharing

Geely, one of the leading automotive groups in China, makes comprehensive layout in electrification, connectivity, intelligence and sharing. Geely boasts more than ten brands. In 2023, it sold a tota...

48V Low-voltage Power Distribution Network (PDN) Architecture Industry Report, 2024

Automotive low-voltage PDN architecture evolves from 12V to 48V system. Since 1950, the automotive industry has introduced the 12V system to power lighting, entertainment, electronic control units an...

Automotive Ultrasonic Radar and OEMs’ Parking Route Research Report, 2024

1. Over 220 million ultrasonic radars will be installed in 2028. In recent years, the installations of ultrasonic radars in passenger cars in China surged, up to 121.955 million units in 2023, jumpin...

Automotive AI Foundation Model Technology and Application Trends Report, 2023-2024

Since 2023 ever more vehicle models have begun to be connected with foundation models, and an increasing number of Tier1s have launched automotive foundation model solutions. Especially Tesla’s big pr...

Qualcomm 8295 Based Cockpit Domain Controller Dismantling Analysis Report

ResearchInChina dismantled 8295-based cockpit domain controller of an electric sedan launched in December 2023, and produced the report SA8295P Series Based Cockpit Domain Controller Analysis and Dism...

Global and China Automotive Comfort System (Seating system, Air Conditioning System) Research Report, 2024

Automotive comfort systems include seating system, air conditioning system, soundproof system and chassis suspension to improve comfort of drivers and passengers. This report highlights seating system...

Automotive Memory Chip and Storage Industry Report, 2024

The global automotive memory chip market was worth USD4.76 billion in 2023, and it is expected to reach USD10.25 billion in 2028 boosted by high-level autonomous driving. The automotive storage market...

Automotive AUTOSAR Platform Research Report, 2024

AUTOSAR Platform research: the pace of spawning the domestic basic software + full-stack chip solutions quickens. In the trend towards software-defined vehicles, AUTOSAR is evolving towards a more o...

China Passenger Car Electronic Control Suspension Industry Research Report, 2024

Research on Electronic Control Suspension: The assembly volume of Air Suspension increased by 113% year-on-year in 2023, and the magic carpet suspension of independent brands achieved a breakthrough ...

Global and China Hybrid Electric Vehicle (HEV) Research Report, 2023-2024

1. In 2025, the share of plug-in/extended-range hybrid electric passenger cars by sales in China is expected to rise to 40%. In 2023, China sold 2.754 million plug-in/extended-range hybrid electric p...

L3/L4 Autonomous Driving and Startups Research Report, 2024

The favorable policies for the autonomous driving industry will speed up the commercialization of L3/L4. In the second half of 2023, China introduced a range of policies concerning autonomous drivin...

Intelligent Vehicle Cockpit-driving Integration (Cockpit-driving-parking) Industry Report, 2024

At present, EEA is developing from the distributed type to domain centralization and cross-domain fusion. The trend for internal and external integration of domain controllers, especially the integrat...

Global and China Automotive Operating System (OS) Industry Report, 2023-2024

Chinese operating systems start to work hard In 2023, Chinese providers such as Huawei, Banma Zhixing, Xiaomi, and NIO made efforts in operating system market, launched different versions with competi...

2005- www.researchinchina.com All Rights Reserved 京ICP备05069564号-1 京公网安备1101054484号