Latest Report on China Automotive Distribution Industry and Automotive Aftermarket 2014-2017

DALLAS - March 27, 2014 - PRLog -- The Report “China Automotive Distribution Industry and Automotive Aftermarket Report, 2014-2017″ by Research in China Group is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with “China Automotive Distribution Industry and Automotive Aftermarket Report, 2014-2017″ in subject line and your contact details to purchase this report or get your questions answered.

The collection of ‘Abrasives’ market research reports has a new addition of “China Automotive Distribution Industry and Automotive Aftermarket Report, 2014-2017” on RnRMarketResearch.com.

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%.