Gasgoo.com (Shanghai July 11) - With the next generation Civic having made its Chinese market debut, Dongfeng Honda is faced with the tricky question of what to do of its stock of old Civics. Dongfeng Honda dealerships have already began offering various incentives, such as loan plans and complete insurance policies, in order to get rid of its inventory.
Jul. 16 , 2014Gasgoo.com (Shanghai July 9) - Automobile dealerships are seeing considerable success in China with financial services. As buyers become younger and younger, the importance of being able to offer varied financial services is becoming increasingly apparent to 4S dealerships. In a report appearing on Beijing Business Today, Beijing Yayuncun Automobile Market Vice President remarked that "the perfection of automobile financial services will allow [dealerships] to access more and more customers."
Jul. 11 , 2014Gasgoo.com (Shanghai July 3) - At Sina Auto's recently held New Voices of the Future discussion summit, two major issues took the spotlight: the future development trend for automobiles and automobile industry policies. A statement made by China Association of Automobile Manufacturers Deputy Secretary Li Wanli was especially revealing, in which he commented that relevant departments in the State Council are discussing with other departments on how to loosen restrictions placed on manufacturers. Some have taken this as a sign that the over 30-year old legislation that requires Chinese parties to have a 50 percent stake in a joint venture enterprise may change in the future.
Jul. 9 , 2014