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Car Dealers in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Car Dealers Market Research Report | May 2016

IBISWorld’s Car Dealers market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$443bn
Annual Growth 11-16
6.9%
Annual Growth 16-21
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Profit
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Employment
936,098
Businesses
36,270
Industry Analysis & Industry Trends

In the five years to 2016, revenue for the Car Dealers industry in China is estimated to grow at an annualized rate of 6.9% to $442.9 billion. Following a boom in car sales in 2009 and 2010, driven by favorable government policies, industry revenue growth slowed.

In 2013, benefiting from passenger car replacements in first- and second-tier cities and first purchases in third- and forth-tier cities, about 22.1 million cars were sold in 2013, and industry revenue grew 13.4%. In 2014, sales volume growth slowed to 6.9%, and industry revenue growth declined to 6.2%. In 2015, the automobile sales volume increased to 24.6 milliom and industry revenue increased to an estimated $430.0 billion, up 3.1% from 2014. In 2016, industry revenue is set to increase to $442.9 billion, up 3.0%.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

In the 10 years through 2021, industry value added is expected to increase at an annualized rate of 7.4%, higher than the general growth rate of GDP (6.5%) in China during this period.

Industry expansion is expected to slow in future years, as more Chinese families have already bought motor vehicles, and as the supporting effect of favorable government policies decreases. However, there remains considerable room for expansion in third- and fourth-tier markets. In the near future, a large number of car users will replace their vehicles with new ones. The duration of use for passenger cars is about 10 years but is expected to decrease with the development of Chinese society... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Car Dealers Industry?

The Car Dealer industry retails new and used passenger automobiles. These cars are used to carry passengers and their personal luggage, and have no more than nine seats. The main products retailed within this industry include: sedans and general cars, multi-purpose vehicles (MPVs), sports utility vehicles (SUVs), and cross-over passenger cars.

Industry Products
4S and 3S storesCar hypermarketsVehicle specialty stores
 
Industry Activities
Retail in 4S storesRetail in 3S storescars in car hypermarketscars in specialty stores


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