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Along the value chain of global automotive industry, profit is gradually shifting from the vehicle manufacturing to aftermarket service. It is generally understood that aftermarket service and parts contributes more than half of the profits to the global automotive industry. In the United States, more than 70% of auto firms' earnings have come from their service and parts business, in contrast to only 40% in China. Entering 2010, Chinese vehicle makers and their international partners obviously recognized huge opportunities from the aftermarket opportunity and accelerated their pace of resource commitment. For network development, vehicle makers are shifting the focus from building brand new 4S dealerships to encouraging current dealers to set up 1S or 2S sub-dealers, particularly in suburban areas, as well as accessible places for rural consumers. For example, among 125 dealers of Mercedes Benz nationwide, there are 42 satellite dealers including 37 sales only dealers and 5 service workshops.
Dec. 21 , 2010Shanghai December 21 (Gasgoo.com) Guangzhou Automobile Group Co Ltd (GAC)is mulling listing A shares in 2011. GAC aims to raise annual capacity to 3 million vehicles by 2015, and meanwhile to increase its annual sales to 400 billion yuan ($60 billion).
Dec. 21 , 2010Shanghai December 20 (Gasgoo.com) The Chinese market will give BMW a big boost to implement its global strategy for new energy vehicles. BMW even plans local production of the electric Megacity car after the start of volume production in 2013.
Dec. 21 , 2010




