Recently, car city sales steadily declined, in addition to the car manufacturers of the official price, the price reduction is most sensitive and the biggest dealer. The auto market competition, then the car business resorted to use all one's skill, want to pull the car sales, including sales price, even with the help of the automobile finance to boost car sales. However, in the fierce competition of the domestic car market, car prices almost every two reduction time, undoubtedly hindered the development of automobile credit.

   We take the year July sales as an example, in July sales fell 10.9%, the independent brand Chery and Geely has completely farewell domestic sales ten strong position. In the ten major enterprises in Guangzhou Honda and Dongfeng Nissan sales growth, decline in the other car sales have 3%50%, independent brands Chery and Geely was serious. Intermediate car sales King Camry price 16000 yuan, even if the new Accord just listed soon have price 13000 yuan, other economic cars prices drop is small, but almost all models have the price. The second half of this year, the passenger car market growth will slow dramatically in August, year-on-year sales will be lower than the same period last year, at the same time, there is at least a month will appear year-on-year negative growth in the next few months.

   Car sales are down at the same time, car prices also declined, have been in the automotive businesses hope that through the price to pull the car sales, leading to the price and sales the overall decline, which will undoubtedly bring enormous market pressure to the automobile consumer credit. According to the statistics Xinhua letter company shows, 2007 domestic purchase a car loan purchase a car in the proportion is only 6.6% to 7%, while the national passenger information will be even think that this ratio should be lower. What causes the automobile credit ratio is so low, the car is one of the reasons is mainly falling prices.

   According to the "Finance Leasing Company management approach" introduced in March 1, 2007 introduced, allowing including commercial banks and other financial institutions approved by the CBRC has become the main contributor of automobile credit, will undoubtedly increase the automobile credit funds support. However, in the face of automobile credit huge bad debts before, automobile credit to talk about - color. According to one data show that during the first half of 2004, when the automobile consumption loans Chinese is 188300000000 yuan, the bad debts of nearly 100000000000 yuan, accounting for 53.1% of the total. In Beijing, Shanghai in more than 50% rate of bad debts. According to statistics, Beijing city car consumption loans in 2006 non-performing assets has reached 15000000000 yuan. Such a huge automobile credit losses for banks to automobile credit and auto finance companies fear.

   The original approval of CBRC 12 Finance Leasing Company, foreign investment Finance Leasing Company approved by the Ministry of Commerce of domestic Finance Leasing Company more than 50 and 20, including 6 Toyota, GM, Volkswagen, Ford and Daimler Chrysler, Dongfeng Peugeot Citroen Automobile Financial company, bank auto credit contraction brings the opportunity to the development of the automobile financial company. GMAC in 2006 has issued about 5000000000 yuan car loans, market share is very low. Automobile industry developed countries accounted for 80% of the auto credit realization of the car sales, while we ratio less than 20%, the next 20 years, China automobile financial industry will have the market capacity of about 500000000000 Yuan, can be said that the automobile consumer credit China market potential is enormous, but it is facing a huge problem. That car prices continue to decline, which is detrimental to the loan purchase a car consumers are.

   Actually back in 2004, is China automobile blowout when, when car prices are very stable, is the Jetta to buy ten yuan a car, and the consumption index low. However, when the automobile consumer credit are facing huge losses from bad debt. Now, the car price is almost a price every two months, consumer loans to purchase a car more uneconomical!

   2003 domestic car city price in the range of 10%-15%, the 2007 car city, the highest price range in 20%, 2008 car prices the lowest in about 5%. Despite the relative amplitude of the auto price becomes small, mainly because of original base is smaller, but the frequency and rhythm of car price cuts but faster, which increases the pressure of the automobile consumption credit. Because the frequency is more and more frequent car prices, car prices on the auto finance hinder larger; as from the automotive excess capacity, the next breakthrough year million sales, need to start the automobile financial aspects of means to promote the healthy development of the chain, on the automobile finance together support the automobile industry.

   At present, domestic car city personal auto credit introduced interest free loan purchase a car, look very attractive, but it is a lot of traps, even interest free loans are often accompanied by so many constraints: Limited designated model (mainly is the most difficult to sell the car); can't enjoy other preferential treatment, an interest free loan words seem to be saved some interest, but more than others pay a lot of money, the account you want to carefully calculate clearance. Interest free loans often have to pay the first payment is higher than the common loan repayment period will be shorter, sometimes, such pressure is also very big, purchase a car. At the same time, consumers are not faced with falling prices, the pressure on loan purchase a car models, they pay a lot of money, it is not worthwhile. So, the car to price it will hinder the development of personal consumer credit car. (Chongqing forest)