According to statistics, China's auto sales will reach 40 million by 2020, the penetration rate of auto finance will exceed 50%, the auto financial market will exceed 2.5 trillion yuan, the auto finance penetration rate will be only 17%, and foreign countries will be up to 80%. The penetration rate is very different, so the development potential is huge.

The one-year reorganization period for the Internet finance industry is coming to an end, and the recently released Guideline for Depositing and Controlling Online Lending Funds has also made the industry feel happy for a while, slamming through the most stringent regulatory period, or launching a lot of platforms when the big waves break through. In this process, transformation has also been chosen. In the area of ​​car loans, there are concentrated excess companies. Some people withdraw from entering the market but others who have accumulated for many years have taken advantage of regulations to make a difference.

Many professionals also said that the compliance management of the Internet finance industry has always been the main theme of the development of financial enterprises. The car loan industry needs more to temper its internal strength, precipitate development and accumulate experience, locate the direction of the company, and exert its own advantages. And expertise is the foundation of the car loan industry.

Compliance is the bottom line, and fierce competition in auto finance is no exception

According to statistics, China's auto sales will reach 40 million by 2020, the penetration rate of auto finance will exceed 50%, the auto financial market will exceed 2.5 trillion yuan, the auto finance penetration rate will be only 17%, and foreign countries will be up to 80%. The penetration rate is very different, so the development potential is huge.

However, with regard to the future development of the car loan market, the market voice is very different. Some people think that the car loan industry has become the Red Sea. As of the end of September 2016, there are 2,202 P2P online loan platforms in operation nationwide, of which at least 1,136 have involved in car loan business. The proportion is as high as 51%.

In the view of relevant parties, although the car loan business has long been favored, many platforms have also chosen the automobile lending sector in terms of transformation, but this type of transformation has been accompanied by the adjustment of business models. Under increasingly strict supervision, it is increasingly difficult for the former to open up territory to expand the territory. Compliance has always been a must for financial platforms. Therefore, compliance is the bottom line, and fierce competition in auto finance must also be followed.

Innovation comes from accumulation, auto finance will usher in rapid development in 2017

Of course, compliance with sound management does not mean sticking to stereotypes. Companies should also have the spirit of innovation and innovation, actively expand their own strengths, and thus play a greater advantage, and build development and innovation on superior resources, and work hard. Efforts to expand the industry upstream and downstream. In fact, all industries that compete to a certain degree will inevitably encounter the so-called Red Sea problem. If we can continue to develop in areas where we are good at, we will find that the Red Sea is also relative.