Industry Analysis & Industry Trends
In the five years to 2015, revenue for the Car Dealers industry in China is estimated to grow at an annualized rate of 9.5% to $428.9 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, China's automobile sector resumed growth. About 22.1 million cars were sold in 2013, and industry revenue grew 13.4%, representing an increase compared with 2011 and 2012. In 2014, as the sales volume growth of automobiles slowed to 6.9%, industry revenue growth declined to 6.2% during the year. In 2015, the industry revenue is expected to increase to $428.9 billion, up 5.9% from 2014.... purchase to read more
Industry Report - Industry Investment Chapter
For every dollar spent on wages in this industry, about 34 cents are invested in capital. Car dealer enterprises, especially 4S stores, invest greatly in fixed assets, resulting in a relatively high depreciation level of 2.0% of revenue. Also, the retailing of motor vehicles is characterized by low sale volumes but high prices. Therefore, the industry does not require a great number of employees. However, many of them receive relatively high wages... purchase to read more