The car loan market underwent a mini-boom in 2003-04, but non-repayment rates in excess of 50% forced banks to pull back. The difficulty of repossession (where did the borrower park the car?) and sale (the used-car market is still in its infancy) meant that most of these bad loans had to be written off.
其次，银行对欠款不还束手无策。车贷市场在2003至2004年间曾经昙花一现，但是欠帐比例超过了50%，迫使银行又退了回去。收回汽车的困难（谁知道贷款者把车停在哪儿呢？），以及出售收回来的汽车的困难（旧车市场依然处于襁褓中）意味着绝大部分这些坏帐只好一笔勾销了事。