DUBLIN--(BUSINESS WIRE)--The "China Automotive Distribution and Aftermarket Industry Report, 2017-2021" report has been added to ResearchAndMarkets.com's offering.
In China, new car sales and used car sales have been growing progressively thanks to robust demand over recent years. From January to November of 2017, China sold 25.84 million new cars, edging up 3.6% year on year, and traded 11.17 million used cars, soaring by 20% year on year.
The channels for automotive distribution in China tend to be diversified. The 4S store mode has been by degrees replaced by business modes like automobile e-commerce and automobile supermarket, with the number of 4S stores in China decreasing by 147 from the total 22,753 in 2016 and expected to further drop to 22,550 in 2017.
There is currently a cut-throat competition in Chinese automotive distribution industry which features a low concentration ratio. In 2016, the automobile sales of top 100 Chinese car dealers footed up to 7.83 million units, seizing 20.4 percent of total automobile sales (inclusive of used cars). As of the end of 2016, the top 100 Chinese car dealers had been in possession of 6,014 4S outlets in all, accounting for 26.4 percent of national total number of 4S stores.
By comparison with car sales with the gross margin of less than 5%, the after-sale services enjoy a gross margin of at least 40%. It is in the recent years that Chinese car dealers have explored the lucrative automobile aftermarket successively.
Key Topics Covered:
2. Overview of Automotive Distribution Industry in China
3 Sales Market of New Vehicle in China
4 Chinese Used Car Sales Market
5 Chinese Automotive Finance Market
6 Chinese Auto Repair & Beauty Market
7 Chinese Auto Insurance Market
8 Majors Car Dealers in China
- Baoxin Auto Group
- China Grand Automotive Services Co., Ltd.
- China Yongda Automobile Services Holdings Limited
- China ZhengTong Auto Services Holdings Limited
- Dah Chong Hong Holdings Limited
- Harmony Auto
- Hengxin Automotive
- Lei Shing Hong
- Materials Industry Zhongda Group Co., Ltd.
- PANGDA Automobile Trade Group Co., Ltd.
- Sinomach Automobile Co., Ltd.
- Wuxi Commercial Mansion Grand Orient Co., Ltd.
- Yaxia Automobile
- Zhongsheng Group Holdings Limited
For more information about this report visit https://www.researchandmarkets.com/research/v47drs/china_automotive?w=4