Consumer Automotive Financial Services in China

Consumer Automotive Financial Services in China investigates the market for automotive financial services linked to sales of new and used passenger cars and light commercial vehicles (LCVs) to individual buyers in China. In addition to analysing the market for finance and leasing services, the study also covers motor insurance, road assistance, extended warranties and prepaid service contracts plus creditor and GAP insurance.

Using survey results for average take-up rates for finance and leasing at the point of sale, data for the size and growth of the automotive finance and leasing market for consumers in China is provided in terms of gross advances and assets leased for 2012 to 2016 with splits between finance for new and used vehicles and between finance organised through dealerships at the point of sale and directly with banks or other lending institutions.

Moreover, also using average take-up rate data, the markets for motor insurance, road assistance, extended warranties and prepaid service contracts are sized in terms of gross written premiums and other revenues sold through the automotive trade (i.e. via dealers and manufacturers) in 2016. These markets, estimated to be worth over CNY 300 billion in total in 2016, are broken down between new and used vehicles, and between new contracts sold during 2016 and in-force business sold in previous years but still being renewed in 2016.

The report draws on a survey of 125 leading vehicle dealerships as well as an analysis of the approach to consumer automotive financial services of over 70 vehicle manufacturer brands in China. The PartnerBASE™ dataset that accompanies the report details the partnerships for consumer automotive financial services identified by Finaccord among both dealers and manufacturers; a market data annexe is also available in a convenient spreadsheet format so that there is no need to re-enter key data points from the report.

In addition to captive finance companies owned by manufacturer brands, organisations covered by the report include Agricultural Bank of China, Allianz Global Assistance, Anbang Insurance, Bank of China, China Automobile Association, China Construction Bank, CPIC, Europ Assistance, ICBC, PICC, Ping An and Road China Assistance. Together, the report and database will provide you with the definitive guide to current and future opportunities in consumer automotive financial services in China.

For further information about this research, please access the table of contents and series prospectus by clicking on the corresponding links to the left-hand side of this page, or e-mail [email protected].