After the quota requirements of the Interim Measures for the Management of Business Activities of Peer-to-Peer Lending Information Intermediaries were issued, the car loan business with relatively low loan quota and risk became a plate of P2P online lending platform, but the reality is the withdrawal of small and medium-sized car loan platforms and the decline of car loan business.
Xiao Shihai told the reporter of National Business Daily that it is easy to understand why car loans were favored in the past. First, the threshold is low and the scale can be made quickly; Second, the profit margin is relatively large, but it is mainly reflected after the loan; Third, the dispersion is small, which is more in line with regulatory requirements; Fourth, most institutions estimate the market size of car loans mainly based on the number of cars, and think that the market potential has not been fully tapped.
Extended information: Voss Loan, which is mainly engaged in small car loans, issued the Announcement on Stopping Online Operation (hereinafter referred to as the Announcement) in official website. According to the announcement, with the continuous strengthening of supervision, due to compliance requirements, Voss Loan has encountered problems such as an increase in overdue bad debt rate, a decrease in transaction volume, a decrease in offline income, and an increase in online operating costs. From now on, the online platform will stop operating and three exit schemes will be given.
The reporter of the National Business Daily noted that according to the incomplete statistics of the Online Loan Home Research Center, from April 20 17 to March 20 18, the number of normal operating platforms involved in car loan business shrank from 590 to 384 in one year, a decrease of 206, with a shrinking ratio of more than 30%.
Phoenix Net-a large car loan platform announced liquidation! 1 year, the number of car loan platforms decreased by 206.