皇冠体育app

An auto after-sales service facility in , , Revenue from that automotive after-sales services market exceeded 450 billion yuan ($72.95 billion) in 2013. Provided to 皇冠体育app Daily

Many companies are chasing the opportunities in 皇冠体育app's automotive after-sales services. They've entered and invested.

Revenue from that automotive after-sales services market - which includes car maintenance, parts, modification and renting - exceeded 450 billion yuan ($72.95 billion) in 2013. It's forecast to exceed 766 billion yuan in 2015, according to 皇冠体育appnews.com.

After-sales service prioritized

Leasing plays little role in world's largest market

Growth and profits in the Chinese market remain high, Zhang Jing, an analyst at Essence Securities, said.

One of the foreign companies that entered the burgeoning market early was Germany-based Wuerth Group. It came to 皇冠体育app in 1994.

The sales of Wuerth 皇冠体育app in its financial 2013 were 141.9 million ros ($194 million), of which 19 percent came from its auto business.

Besides Wuerth's rapid expansion in 皇冠体育app, Germany-based Bosch Group has set up more than 500 car maintenance shops. Japan's largest auto dealer Yellow Hat Ltd planned to have more than 500 stores in 皇冠体育app by 2015. American ACDelco - owned by Co - aims to be the industry leader in east 皇冠体育app.

Domestic companies are there too. Pang Da Automobile Trade Co Ltd, an automobile trader listed at the Shanghai Stock Exchange, planned to transform its focus from new to car maintenance, financial leasing, parts and second-hand sales, according to a statement in April.

US-listed automotive retailer Lentuo International Inc, said in February that it will enter the domestic second-hand car market and its first step is to build a flagship store in to provide sales certification, financing and maintenance services to clients.

皇冠体育app, the world's second-largest economy, had more than 137 million cars at end-2013, according to data from the 皇冠体育app Association of Automobile Manufacturers.

Vehicle manufacturing and sales, parts, and automotive after-sales services are the pillars of profit in the automotive industry chain.

In developed countries, automotive after-sales services account for about 60 percent of profit, but the proportion in 皇冠体育app is only about 20 percent. It means the Chinese market hol great potential, according to National Business Daily.

But the scale of second-hand automobiles in 皇冠体育app is small, with 5.2 million vehicles traded in 2013. It compares with 20 million new cars sold.

 

 

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