Auto finance company "blood"
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Author:160jingxiang
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Published time: 2019-03-06
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Recently, GAC Huili Auto Finance Co., Ltd. completed the change of industrial and commercial information, increasing the registered capital to 3 billion yuan. The company's two rounds of capital increase since the fourth quarter of 2018 were completed. According to statistics, from 2018 to February 13 this year, about 8 auto financing companies in China completed the capital increase, adding a total registered capital of about 11 billion yuan, an increase of more than 55%. At the same time, some Internet auto finance platforms are also seeking to land in the capital market to obtain more financial support.
Recently, GAC Huili Auto Finance Co., Ltd. completed the change of industrial and commercial information, increasing the registered capital to 3 billion yuan. The company's two rounds of capital increase since the fourth quarter of 2018 were completed. According to statistics, from 2018 to February 13 this year, about 8 auto financing companies in China completed the capital increase, adding a total registered capital of about 11 billion yuan, an increase of more than 55%. At the same time, some Internet auto finance platforms are also seeking to land in the capital market to obtain more financial support.
What are the intentions behind the frequent replenishment of funds by auto finance companies?
Business expansion needs
Currently, the main business of auto finance companies includes retail loans, wholesale dealer loans, and financial leasing. Among them, retail loans (consumer credit) have grown rapidly in recent years and have already dominated. Compared with ordinary consumer loans, whether it is a car consumer loan or a vehicle mortgage loan, the demand for funds is larger, and a stable and sufficient source of funds is more conducive to large-scale auto finance companies.
