SAIC-GMAC advances with customer-centric, digital strategies

SAIC-GMAC Automotive Finance, the first automotive finance company in China, is braving the downturn in the country's vehicle market with a slew of customer-centric approaches.

In the first half of 2019, the company completed 503,000 retail contracts, up 13 percent year-on-year, offering financial solutions to customers of GM's two car making joint ventures in China - SAIC-GM and SAIC-GM-WULING.

The results come as the Chinese auto market has slowed. In the same period, vehicle sales in China slumped 12.4 percent year-on-year to 12.32 million.