Financing provides revenue, brings dealers and manufacturers closer

More people are buying cars with loans in China, according to a J.D. Power survey, making car financing a growing source of revenue for car dealers in the world's largest auto market.

The percentage of new vehicles purchased with loans rose to 64 percent from 57 percent in the luxury segment and to 57 percent from 49 percent in the mass market segment.

Car financing generated 10 percent of dealers' revenue in 2016, which was just 2 percent in 2011, according to the company.