Industry Analysis & Industry Trends
In the five years to 2014, the Car Dealer industry in China has been growing at an annualized rate of 18.5% to reach $472.7 billion. After a boom in car sales in 2009 and 2010 – driven by favorable government policies – industry revenue growth slowed down in 2011 and 2012.
In 2013, benefiting from passenger car replacements in first- and second-tier cities and first purchases in third- and forth- tier cities, China's automobile sector resumed growth. About 22.1 million cars were sold in 2013 and industry revenue grew 20.0%. Therefore, the Car Dealers in China developed faster in 2013 compared with 2011 and 2012. In 2014, the industry revenue is expected to increase to $472.7 billion, up 15.5% from 2013.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The top four companies in this industry are forecast to account for about 12.2% of industry revenue in 2014. This industry is therefore characterized by very low concentration levels.
In different product segments, concentration levels can vary. The higher the vehicle value, the higher the concentration level. For example, the number of Porsche dealers in China is limited, which increases the concentration level of this brand and luxury market segment.
The concentration level for the whole industry is expected to remain steady in future years... purchase to read more