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SOURCE Research and Markets
DUBLIN, June 13, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/xzlssl/china_automotive) has announced the addition of the "2014 Report on the Chinese Automotive Distribution Industry and Automotive Aftermarket - Forecasts to 2017" report to their offering.
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.
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%.
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.
Key Topics Covered:
1 Automotive Distribution and Automotive Aftermarket
2 Sales Market of New Cars in China
3 Second-hand Vehicle Market in China
4 Overview and Competition Pattern of Automobile Dealers in China
5 China Automotive Aftermarket
6 Majors Automotive Dealers in China
7 Summary and Forecast
For more information visit http://www.researchandmarkets.com/research/xzlssl/china_automotive
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