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 Analysis Chapter
During the five years through 2015, revenue for the Car Dealer industry in China is estimated to grow at a strong average rate of 9.5% per year. This strong performance is largely attributed to rising domestic demand, lower vehicle prices and growth in personal disposable income levels.
Passenger cars for private use comprise the largest product segment in the industry, particularly in urban areas. Demand for passenger cars increased rapidly over the past decade, first in large cities and then in second-grade and third-grade markets.
The most common type of car dealership is 4S (sales, spare parts, service and survey) stores. However, the relatively large investment in such stores jeopardized their own survival, and many of them closed in 2008... purchase to read more