Gasgoo.com (Shanghai) - Suffering from a lagging economy, burgeoning inventories and struggling stock market, the Chinese automotive dealership industry has seen both demand and sales fall. Despite the fact that automotive manufacturers have used several measures to counteract these trends, including cutting prices, limiting production and offering subsidies for automotive dealerships. However, these measures have not been enough to solve the problems dealership networks are facing. Most dealership networks in the country have reported falling net profits for the first half of this year.
Sep. 17 , 2015Gasgoo.com (Shanghai) - China is now entering a new era where small SUVs rule the market. Smaller SUVs are becoming more and more popular among Chinese buyers. As a result, an increasing number of enterprises are introducing small SUV models, making the market all the more competitive. According to statistics from Gasgoo.com (Chinese), small SUV sales in China jumped 88.4% from just 56,527 units last July to 106,500 units this July. A total of 918,600 small SUVs have been sold over the first seven months of the year, representing positive year-on-year growth of 156.2%. Small SUV sales now account for 29.6% of all passenger automobiles sold in the country.
Sep. 7 , 2015Gasgoo.com (Shanghai) - A total of 72,711 new energy vehicles were sold in China over the first half of 2015. This strong sales result allowed China to overtake the US to become the world’s largest market for new energy vehicles.
Aug. 20 , 2015Gasgoo.com (Shanghai) - Early in the year, major automotive manufacturers set their sales targets for 2015. Now with half of the year already past, there are a few manufacturers that are smoothly on the way to achieving those targets, while the rest are still far behind.
Aug. 10 , 2015