|By PR Newswire||
|April 9, 2014 12:52 PM EDT|
DUBLIN, April 9, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/q95nvr/china_automotive) has announced the addition of the "China Automotive Distribution Industry and Automotive Aftermarket Report, 2014-2017" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
In 2013, the sales volume of automobiles in China reached 21.9841 million units, up 13.89% year on year compared with 2.72% in 2011 and 4.15% in 2012. Of all, the sales volume of passenger cars was 17.9289 million units, up 15.72% from a year earlier, and with its proportion in vehicle sales further raised to 81.55%.
(1) Revenue of car dealers mainly comes from the sales of new cars.
In 2013, the sales volume of new cars in China accounted for 80.9% of the total sales (including new cars and second-hand vehicle); the new car sales of dealers occupied more than 85% of their total revenue, while in America over the same period, the sales volume of new cars made up 27.6% of the total, and the new car sales of dealers accounted for 57.1% of the total revenue.
(2) Dealers have a long way to go in expanding second-hand vehicles business.
In 2013, the dealers' revenue from second-hand vehicles accounted for less than 3% of their total revenue, and this proportion in the U.S stood at 31.3% for the same period. Therefore, contribution of second-hand vehicles to gross profit of Chinese dealers was obviously inadequate, with gross profit of Chinese dealers from second-hand vehicles in 2013 accounting for 7%; and this figure in America during the same period came to as high as 26%.
(3) With higher gross margin in automotive aftermarket, dealers speed up transformation.
In 2013, China's revenue in auto after-sales service sector accounted for a small proportion, at less than 12%, but with larger contribution to gross profit (above 45%). Many dealers has accelerated the transition towards aftermarket, these dealers including PANG DA Automobile Trade and Xianglong Borui, which has provided such service items as second-hand vehicles, finance and insurance. In particular, Zhongsheng Group is planning a nationwide establishment of 500 terminal service chains that are independent from 4S system.
Key Topics Covered:
1 Automotive Distribution and Automotive Aftermarket
1.1 Development History
1.2 Automotive Distribution Pattern
1.3 Automotive Aftermarket
1.4 Development Trend
2 Sales Market of New Cars in China
2.1 Automobile Market
2.2 Passenger Vehicle
2.3 Commercial Vehicle
2.4 Price Trend
3 Second-hand Vehicle Market in China
3.1 Market Situation
3.2 Distribution Pattern
3.3 Trading Volume
3.5 Development Prospects
4 Overview and Competition Pattern of Automobile Dealers in China
4.1 Market Situation
4.2 Distribution Pattern
4.3 Profit Model
4.4 Competition Pattern
5 China Automotive Aftermarket
5.1 Automotive Aftermarket
5.2 Auto Supplies Market
5.3 Vehicle Maintenance
5.4 Automobile Consumption Credit
5.5 Financial Leasing
5.6 Automobile Insurance
6 Majors Automotive Dealers in China
6.1 Pangda Automobile
6.2 Sinomach Automobile
6.3 Zhongsheng Group
6.5 Zhongda Yuantong Group
6.6 ZhengTong Auto
6.7 Baoxin Auto Group
6.8 Yongda Auto
6.9 Grand Orient
6.10 Lentuo Group
7 Summary and Forecast
7.1 Comparison of Auto Sales Volume
7.2 Comparison of Corporate Operation
- Baoxin Auto Group
- DCH Zhongda Yuantong Group
- Grand Orient
- Lentuo Group
- Pangda Automobile
- Sinomach Automobile
- Yaxia Automobile
- Yongda Auto
- ZhengTong Auto
- Zhongsheng Group
For more information visit http://www.researchandmarkets.com/research/q95nvr/china_automotive
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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