Used car downturn with hot car pawn

         ; with the implementation of the new deal, the difficulty of the used car is increasing, resulting in a lot of owners to choose to go to pawn line financing. After two months of a brief downturn, auto pawn business gradually showing warmer trend.

“ February's auto pawn business volume was essentially flat with the same period last year, an increase of 15% compared with January. ” Yang Yong, director of the China pawn business unit of the Beijing Morning Post reporter said. At the end of 2010 just introduced new car, Beijing most pawnshops reference price of second-hand car cut off when the rate and evaluate the value, individual pawn even completely stopped the car pawn business.

& ldquo; the auto fold when the rate is in 70% to 80%” and Huaxia pawnshop, relevant personage to reporters said, this means that 10 million yuan worth of car, pawnshop given price is 7 million to 8 million yuan. Although the price is low, but due to the convenience of the transaction than the used car, still attracted a lot of the owner of the financing needs.