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 SWOT Analysis Chapter
In the 10 years through 2019, industry value added is expected to increase at an annualized rate of 13.5%, much higher than the general growth rate of GDP (7.3%) 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 second-, third-, and fourth-tier markets. And, 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 decreasing with the development of Chinese society... purchase to read more