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China’s Traffic Congestion is Inflating Demand for Mobility Services

Some urbanites living in dense cities across the United States may be able to ditch their cars and rely wholly on public transit, shared mobility options, and rideshare services. However, most consumers are still very dependent on vehicle ownership. In 2015, car-free households comprised 9.1% of the total U.S. population, whereas, in New York City, […]
  • William Hoffman
  • September 13, 2018

Dongfeng-Nissan Captive President Highlights Opportunities in China

Automakers in China are starting to focus more on customer retention through their captives as sales may be nearing a peak, George Leondis, president of Dongfeng Nissan Auto Finance Co., said during a presentation at the Auto Finance Summit Asia. The industry sold nearly 24 million new vehicles last year in China, and several speakers […]
  • William Hoffman
  • September 11, 2018

How Tariffs Will Impact China’s Auto Lending

SHANGHAI — China will remain the largest market for vehicle sales, but the impact of U.S. tariffs on China’s economy may accelerate the decline of an already slowing economy while adding an outsized effect on the automotive industry, Steve Cochrane, Chief APAC Economist at Moody’s Analytics, said during a session at the Auto Finance Summit […]
  • William Hoffman
  • September 10, 2018

‘Huge’ Potential for China Auto Finance Growth Draws Wide Interest

SHANGHAI ­— Regardless of the global tariff war, Chinese automotive financing executives are looking to work with their counterparts around the world, especially in the United States. That was the undercurrent truth to come out of the inaugural Auto Finance Summit Asia here today. The U.S. executives repeatedly said the same thing: If there are […]

Chinese Mobility Platform DiDi Invests $1B in Financial Services

China’s growing mobility solutions provider DiDi Chuxing announced earlier this month a $1 billion investment in Xiaoju Automotive Solutions, which provides financial loan and lease products for DiDi’s ride-hailing drivers. Xiaoju was incubated by DiDi starting in 2015 and the mobility solutions provider began using it on a trial basis in April to facilitate loans, […]
  • William Hoffman
  • August 28, 2018

Chinese Loan Platform Files for $100M U.S. IPO

Weidai Ltd., a title lender that provides small businesses with credit backed by auto loans, has filed for an initial public offering to raise $100 million, according to an SEC filing. Weidai is a peer-to-peer lender with an early-stage personal credit system wherein users can borrow from the platform with their automobiles as collateral. The site also […]

How Lenders Can Translate U.S. Practices to China’s Marketplace

Many lenders look to China and assume that if the country can achieve financing penetration rates north of 75% as the U.S. market enjoys, then it will quickly become the largest market in the world. But that’s not a realistic model for growth in China, Chas Roscow, an auto finance consultant, told Auto Finance News. […]
  • William Hoffman
  • August 14, 2018
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Auto Finance News Partners with CardLinx Association for Asia Events

Auto Finance News announced today that it has partnered with The CardLinx Association to co-present two groundbreaking events in Shanghai. Auto Finance Summit Asia and The CardLinx Asia Forum will bring together key executives and decision makers from Asia and around the world. Keynote speakers will present insights into auto financing and digital commerce in […]
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