Bank credit scale tightens to auto market, Beijing to raise interest rate

Source: Internet
Author: User
Keywords Bank credit
BCC network Beijing May 27 news (reporter Wang Yefeng tianjin Taiwan Sun Yang Jilin Taiwan Yang Yi) According to the Voice of China "national news Network" 18:46 reported that the bank credit scale tightening, Beijing, Tianjin and other places to extend the approval time for car loans, car loans interest rates have been raised, but the local market consumption has not been much affected. Although several banks in Beijing have extended the approval time for car loans and raised interest rates on car loans, the bank's car-lending policy has been looser because of partnerships with manufacturers. Beijing Hyundai Sheng Hong Auto Sales Co., Ltd. Mr. Single: "The basic interest rate for car loans is more than 7, but in practice, customers only have to pay to 3 or 4." "With the advent of the May off-season, many dealers launched car loans 0 interest rates, 0 offers." In addition, the bank in the car loans are more inclined to high-end models, the general public is more willing to buy small-displacement low-grade cars, the public Miss Deng: "The interest rate increases, you may choose a cheaper car." Recently, Tianjin several banks stopped the car loan business, still can handle the car loan bank interest rate also appeared to raise 10%. Tianjin Xingye Bank Credit Department Minister: "because the car replacement more frequent, the loan risk is big, therefore abandons this business." "The increase in interest rates did not affect the sales of Tianjin cars, and some models also appeared in line to increase the number of cars." Analysis of the industry, do not exclude some dealers use "hunger therapy" false inventory, manufacturing vehicles sold a false impression. Industry personage: "Out of stock phenomenon is not serious." Dealers make false inventories to maintain higher prices and profitability. "At present the Changchun area car loan interest rate has not been raised, the choice loan buys the car the consumer increases." A brand of car dealer Chen: "than last year, the volume of 20%-30%." "Some banks have even said they will introduce preferential activities in the near future to stimulate car consumption and compete for market share." Bank of China Jilin branch of the car and loan manager Jianghai: "This time to raise interest rates will certainly lose some potential customers, so we consider may find some brand dealers to cooperate to enlarge the market." ”
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