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International Annual Review 2012

The KPMG International Annual Review focuses on our record of achievement and those who define us as an organization: clients, people and communities.

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Details

Industry: Automotive
Type: Survey report
Date: 9/24/2012

Finance and leasing landscape: Russia

There are opportunities in Russia as the economy rebounds, car sales rise and consumers income and acceptance of financing improves. Finance and leasing companies can prosper by expanding their financing offerings, introducing basic banking products and improving the service networks and fleet services.

Market structure and business environment in Russia

Strong market potential

Positive outlook for automotive finance and leasing due to high increasing car sales and public recognition of finance and lease products
Consumer market clearly dominated by state owned banks due to their huge customer base, comprehensive infrastructure and the extensive insights about market intelligence
Independent leasing companies dominate the Russian company fleet market since banks do not offer fleet management solutions

Very restricted regulatory rules and refinancing tools

Straightforward approval process
Approval of basic car financing products requested at the Central Bank of Russia
Very restricted application of funding tools, dependency on credit lines from domestic banks
Securitization of auto loan is not allowed

Serious risk potential

Risk potential - Russia

Business characteristics of Russian finance and leasing market

Not well established business due to high investment effort
Customer acceptance not very strong - Russians still prefer to pay cash
Twenty-five to Fifty percent of private customer sales are financed, leasing is not provided
Six percent of company cars are leased, with a prospering business outlook

Key Findings: Evaluating future financing and leasing growth in Russia

Traditional F & L services
	Financing Services - Expand offerings
	Leasing Services - Combine with fleet services
SERVICES
	Additional vehicle services - Improve service network and fleet services
	Green mobility
	New mobility solutions - Observe developments
BANKING
	Additional banking services - Introduce basic products for customer retention
	Full banking activities - Monitor law changes and be prepared for upcoming possibilities

High

Low

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About the study

Global automotive finance and leasing: The role of product diversification and emerging markets in future growth is based on desk research and in-depth interviews with senior executives representing key leasing and financing participants including banks, captives and independent auto leasing and financing organizations from China, France, Germany, India, Japan, Russia and the UK.

Global automotive finance and leasing articles

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International Annual Review 2012

Leading change in our society

Global IFRS Institute

Climate Change and Sustainability Services

Mining

Chemicals

Something to teach, Something to learn: Global perspectives on healthcare

Green Tax Index

Global job search

International case competition