Gasgoo.com (Shanghai June 13th)– A list of Top 100 automobile dealers in China in 2015 has been released recently.
Sales of about 24.5 million units with a year-on-year rise of 3.3% and production of about 24.6 million units with a year-on-year of 4.7% hit the record in 2015. However, profit of automobile industry in China has undoubtedly get slicer than before, making it harder of dealers to earn money.
Chinese authorities pointed out that the number and scale of automobile dealers had increased in a more slowly way due to stagnant development of the Chinese automotive market. Decrease in profit of the whole industry has also driven profit of dealers.
According to the list, ranking of dealers remained stable with slice change. Moreover, market shares of major dealers were 25% in 2015, the same as that in 2014.
Development of the whole industry slowed down. Revenue of Top 100 dealers was RMB 1271.4 billion yuan with a yearly rise of 3.2%, leading to a considerable drop compared with 9.4% in 2015 and 16% in 2014 respectively.
Gross margin was 4.47%, dropping by 1.66% on a yearly basis what net margin decreased by 0.3%，leading to a smaller ROI rate in 2015 than that in 2014 and 2013.
Dealers have developed different business, leading to change of business structure of the whole vehicle market in China. They focus on the development of after-sale serviced, trying to catch up with the American market.
Optimization of business structure may create a better automotive market in China after five years.
