值得关注的是，近日，据《21世纪经济报道》报道，国内部分商业银行汽车金融业务有所调整，已有国有大行在部分地区暂停“高息高返”(也称“高融高贷”)的汽车贷款业务，但各地执行力度有所不同。有汽车金融相关人士表示，很多经销商集团也已经和银行商谈，陆续停止“高息高返”合作，但各城市各分行都有点差异。Car dealers led the gains, as of the deadline, Meidong Auto (01268) rose by 5.63% to HK$2.44; Zhongsheng Hldg (00881) rose by 4.44% to HK$12.24; Yongda Auto (03669) rose by 3.61% to HK$1.72.
According to the Zhitong Finance APP, car dealers led the gains, as of the deadline, Meidong Auto (01268) rose by 5.63% to HK$2.44; Zhongsheng Hldg (00881) rose by 4.44% to HK$12.24; Yongda Auto (03669) rose by 3.61% to HK$1.72.
On the news front, Cui Dongshu, Secretary General of the China Passenger Vehicle Association, pointed out that the domestic passenger vehicle market's price war is stabilizing. The frequency of price cuts and promotions from July to September is significantly lower than that of April to June; the 10% month-on-month growth in new energy retailing is a strong recent performance, reflecting positive market feedback on the national scrappage policy. Both wholesale and retail trends are strong, channel inventories are still decreasing, and the circulation ecology is stabilizing; the high and low-end segmented markets in September have shown good growth. The country's scrappage policy is driving the growth of the economy-type electric vehicle market, compensating for seasonal fluctuations, while local replacement subsidies are driving good growth in the mid-to-high-end segmented markets.
Of note, recently, according to the 21st Century Business Herald, some domestic commercial banks in China have made adjustments to their auto finance business. Some state-owned large banks have suspended the "high interest high return" (also known as "high financing and lending") auto loan business in some regions, but the enforcement intensity varies. Some auto finance insiders have stated that many dealer groups have also been in discussions with banks to gradually cease cooperation on "high interest high return," but there are differences in each city and branch.
It is understood that the "high interest high return" business refers to some domestic commercial banks cooperating with dealers to carry out auto finance business acquisitions. Banks attract dealers to participate with high commission rebates, and dealers subsidize vehicle prices through bank rebates, promoting the sale of cooperative bank products on the sales side. Through this model, relevant banks can expand their market share in auto finance. Some auto finance personnel have pointed out that this model to some extent impacts the auto finance business and that it requires the entire banking industry to self-regulate and end the phenomenon of high interest high return as soon as possible.
