Since 2004, "auto finance company management approach" has been implemented for more than ten years. Over the past decade, the obscure car financial industry has gradually stood on the outlet, the industry's huge tension and hundreds of billions of scale imagination space to attract the car financial business chase, they are the industry and products are understood, but no one wants to be Oligarchs.
Some of them have been considerable size and influence; some sustained force, rapid growth; also some difficult barriers, there has been a temporary negative growth. But in any case, the development potential of the automotive financial industry great, "Super Cake" in front, no one does not want to share. Business and capital to promote the two lines in parallel in this industry, a battle for the future market gradually opened.
Profitability, in 2016, in addition to Toyota Motor Finance, the seven auto finance companies operating profit to achieve positive growth. Among them, the Ford Motor Finance Corporation grew 67.27%, ranked first, BMW, Volkswagen financial growth of 63.60%, 33.19%, living in the second and third, the rest of the company operating profit growth are more than 20%. From the net profit point of view, the three auto finance companies ranked slightly different, BMW to 81.89% net profit growth ranked first, Ford ranked second, the growth rate of 70.40%, Chery Silver Silver third, by Speed 55.35%.
Net interest income as the main source of auto finance company revenue, but also an important measure of the company's profitability indicators. In 2016, in addition to Toyota Motor Finance, other auto finance companies net interest income also achieved rapid growth. Among them, BMW's financial net interest income growth rate of 41.76%, Chery Hui silver auto finance to 31.59% followed, Ford's financial net interest income growth rate of 31.03%, other auto finance companies also achieved more than 10% increase.
Automobile finance, auto finance growth, automobile finance
It is noteworthy that the above-mentioned auto finance companies return on assets (ROA) are at a low level. Among them, Dongfeng Nissan Motor Finance Corporation, the highest yield of assets, but only 3.53% (as of the first half of 2016), SAIC GM, Chery Hui Silver Auto Finance Company asset yield were 3.16%, 3.13%, while other auto finance The company's assets yield are below 3%.
From a global perspective, the growth rate of auto finance in China is significantly higher than the global average. According to the BMW Group released three quarterly 2016, BMW Automotive Global operating profit of 1.696 billion euros, up 11.4% over the same period last year, according to 2016 unaudited earnings, BMW Auto Finance China's 2016 annual revenue growth 63.6%. Similarly, as of September 2016, Volkswagen Financial global operating profit increased to 11.8%, China's regional operating profit growth rate was 33.19%. Ford Motor Finance in the first three quarters of operating income of 7.626 billion US dollars, up 15.82% over the same period last year, while Ford Motor China 2016 revenue growth was 29.47%, about twice the global growth rate of Ford.
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