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 - Starting a New Business Chapter
Most international car brands have established 4S stores in China. These stores are often designed and constructed to specified requirements and standards of the vehicle manufacturers, particularly at the high-end market. In order to reflect the high level of their cars, luxury car suppliers usually require the 4S stores to be designed and constructed to very high quality standards. In addition, costs to operate those luxury stores are also high for motor vehicle dealers. Therefore, the high investment in establishments is a major barrier to entry.
In recent years, passenger car prices have been decreasing... purchase to read more