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 Locations Chapter
First-tier markets refer to directly governed cites such as Beijing, Shanghai and Tianjin, where the population totals 58.6 million and the number of car ownership per thousand people is more than 150 units. Second-tier markets refer to provinces such as Jiangsu, Zhejiang, Shandong and Guangdong, where the population totals 336.8 million and the number of car ownership per thousand people is between 90 and 150 units.
Third-tier markets refer to provinces such as Hebei, Shanxi and Liaoning, where the population totals 592.6 million and the number of car ownership per thousand people is between 50 and 90 units. Fourth-tier markets refer to regions where the number of car ownership per thousand people is below 50 units... purchase to read more