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Gasgoo.com (Shanghai) - The decline in sales growth in the Chinese automobile market is increasingly influencing automobile dealerships across the country. According to a recent study done by J.D. Power and Associates, only 63 percent of automobile dealerships in the country made a profit in 2011, compared with 81 percent the year before. The amount of Chinese dealerships reporting a deficit, meanwhile, jumped from nine percent in 2010 to 20 percent last year. With the state of dealerships continuing to deteriorate, there are fears that the market may witness negative sales growth in the near future.
Jun. 12 , 2012Gasgoo.com (Shanghai) - Following a steep fall in the growth rate in the Chinese automobile market last year, several experts were looking forward to the industry's recovery in 2012. However, that recovery has yet to appear, with sales figures from the first quarter of the year being lackluster at best. According to statistics from the China Association of Automobile Manufacturers, a total of 4.79 million domestically made vehicles were sold in the first quarter, with 3.77 million of them being passenger vehicles. Both numbers represent year-on-year decreases of 3.4 percent and 1.25 percent, respectively. Commercial vehicle sales fell even further, decreasing a full 10.6 percent from the previous year. Although prospects for the first quarter were not especially high, not many predicted how poor the market would ultimately be.
Jun. 5 , 2012