The Report “China Automotive
Distribution Industry and Automotive Aftermarket Report, 2014-2017″ by Research
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The
collection of ‘Automotive Aftermarket’ market research reports has a new
addition of “China Automotive
Distribution Industry and Automotive Aftermarket Report, 2014-2017”
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In
2013, the sales volume of automobiles in China reached 21.9841 million units,
up 13.89% year on year compared with 2.72% in 2011 and 4.15% in 2012. Of all,
the sales volume of passenger cars was 17.9289 million units, up 15.72% from a
year earlier, and with its proportion in vehicle sales further raised to
81.55%.
In
2013, the trading volume of second-hand vehicle in China amounted to 5.2033
million units, up 8.6% year on year; the turnover of second-hand vehicle
trading was RMB291.649 billion, rising 10.6% from a year earlier. Over the same
period, the ratio of second-hand vehicle to new cars in sales volume was 0.24,
and the sales volume of second-hand vehicle made up 19.1%, compared with 72.4%
in the US, where the ratio of second-hand vehicle to new cars in sales volume
stood at 2.6.
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In 2013, China’s automotive
distribution industry characterizes the followings:
(1) Revenue of car dealers mainly
comes from the sales of new cars.
In 2013, the
sales volume of new cars in China accounted for 80.9% of the total sales
(including new cars and second-hand vehicle); the new car sales of dealers
occupied more than 85% of their total revenue, while in America over the same
period, the sales volume of new cars made up 27.6% of the total, and the new
car sales of dealers accounted for 57.1% of the total revenue.
(2) Dealers have a long way to go in
expanding second-hand vehicles business.
In 2013, the
dealers’ revenue from second-hand vehicles accounted for less than 3% of their
total revenue, and this proportion in the U.S stood at 31.3% for the same
period. Therefore, contribution of second-hand vehicles to gross profit of
Chinese dealers was obviously inadequate, with gross profit of Chinese dealers
from second-hand vehicles in 2013 accounting for 7%; and this figure in America
during the same period came to as high as 26%.
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(3) With higher gross margin in
automotive aftermarket, dealers speed up transformation.
In 2013,
China’s revenue in auto after-sales service sector accounted for a small
proportion, at less than 12%, but with larger contribution to gross profit
(above 45%). Many dealers has accelerated the transition towards aftermarket,
these dealers including PANG DA Automobile Trade and Xianglong Borui, which has
provided such service items as second-hand vehicles, finance and insurance. In
particular, Zhongsheng Group is planning a nationwide establishment of 500
terminal service chains that are independent from 4S system.
In future,
with slowdown in growth of automotive market and the declining before-sales
profit of vehicles, carmakers and dealers will shift their focus to developing
automotive aftermarket. Meanwhile, as private cars surge and car owners’
concept of “car maintenance rather than repairing” gains popularity, automotive
aftermarket has shown great potential, which implies that it is beginning to
step into a golden period of development.
Complete
report is available @ http://www.rnrmarketresearch.com/china-automotive-distribution-industry-and-automotive-aftermarket-report-2014-2017-market-report.html . Read more on “China Automotive Distribution
Industry and Automotive Aftermarket Report, 2014-2017”report below.
§ Market overview of automotive distribution and
automotive aftermarket (including development course, distribution mode, market
situation and development tendency)
§ Sales market of new vehicle in China (including
overall market, passenger cars and market segments, commercial vehicles and
market segments, price trends, etc)
§ Second-hand car market in China (including market
situation, distribution pattern, overall market, market segments and regional
market trade, deal structure, and development outlook, etc.)
§ China automotive aftermarket (including automotive
supplies market, car maintenance, auto consumption credit, financing leasing,
and car insurance market)
§ Operation of 11 listed car dealers in China
(including profile, revenue, net income, net profit margin, revenue structure,
gross profit structure, gross margin, distribution network and auto sales
volume, etc.)
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