Who Can Have a Piece of the Auto Credit Pie?

Buying cars on credit is nothing new in the rest of the world since it has had a history of 80 years internationally. In China, however, it is just starting. As the Chinese government is loosening up controls in this field, foreign financial institutions are busy making preparation to win a piece of the auto credit pie in China. Not to be left behind, domestic financial institutions are gearing up for a battle on the marketplace. The auto credit market in China is fast entering a Warring States period.According to a forecast, demand for motor vehices in China