DUBLIN--(BUSINESS WIRE)--The "China Automotive Distribution and Aftermarket Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering.
Since 4S store model was introduced in China at the end of the 20th century, China's authorized dealer system has made a shift from single stores to corporate operation and from extensive management to fine management.
For the upstream raw materials, components suppliers provide an array of components to automakers; at the midstream end are automakers which take on design, R&D, manufacture and branding; dealers are downstream players responsible for selling new vehicles and offering aftermarket services. In the whole industry chain, automakers that manage dealers by authorization and rebate policy play a dominant role and have a big say.
In 2019, China produced 25.72 million automobiles and sold 25.77 million units, down 7.5% and 8.2% on the previous year, up 3.3 and 5.4 percentage points, separately, according to the China Association of Automobile Manufacturers (CAAM). China's automobile circulation industry faces unprecedented challenges as the automobile market is getting through an ever-colder winter. The automotive distribution industry however performs well as a whole.
The data from the China Automobile Dealers Association (CADA) shows that in 2019, the top 100 dealers reported a combined output value of RMB1.74 trillion, up 6.3% compared with RMB1.63 trillion in 2018; their total asset investment was RMB802.4 billion, 5.7% less than in 2018 (RMB851.1 billion). In 2019, there were a total of 6,038 4S outlets in China, down 7.5% versus 2018 (6,529); total employment was 420,000 persons, a reduction of 10.6% from 470,000 in 2018.
Emerging automakers adopt branding sales models and channels differing from the nationwide dealership model of conventional auto brands, changing from dealership model to direct operation of chain stores by auto brands or their cooperation with authorized dealers.
The direct sale model offers totally different brand experience by providing full life cycle services for users, which serves as a solution to drawbacks of the common dealership model, such as non-transparent price and bad user service experience. Yet this model with some disadvantages like enormous investment and complicated operation process does not apply to all new energy vehicle manufacturers. 4S stores still need to shake up their service and profit structures even if they continue to employ the dealership model.
Automobile aftermarket refers to all the car-centric services needed by consumers in the period from post-sale to scrap. The growing aftermarket, especially maintenance and repair segment is accompanied by aging vehicles. That's because the older the auto parts, the more frequent repairs they need and the more they cost. In current stage, the average vehicle in China is 5 years old, and those aged 4-10 seize over 58%. Vehicle aging, and increasing ownership are dual effective booster to prosperity of the aftermarket, making it a new industrial hotspot. The industry will usher in a boom period.
Automobile aftermarket involves maintenance and repair, auto finance, used car, rental, accessories, beauty and refit, recycling, and aftermarket alliance platform integration/car e-commerce, among which auto finance, maintenance & repair, and used car are the top three segments.
China Automotive Distribution and Aftermarket Industry Report, 2020-2026 sheds light on the followings:
- Introduction to the automotive distribution industry and aftermarket, including definition, classification, industrial chain, business models, etc.;
- Global and Chinese automotive distribution market scale and forecast, including total automobile sales volume, dealer networks, dealers' automobile sales volume, competitive landscape, new energy vehicle sales models, etc.;
- Automotive aftermarket segments, including market size and forecast, competitive landscape, industry trends, etc. of auto finance, used cars, repair & maintenance, beauty, etc.;
- Profile, business analysis, brand agency, business networks and marketing of major auto dealers in China.
Key Topics Covered:
1. Overview
1.1 Industry Chain
1.2 Development Course
1.3 Distribution Models
1.3.1 4S Stores
1.3.2 Distribution & Profit Model
1.4 Aftermarket Market Size
2. Automotive Distribution Market
2.1 Dealership
2.1.1 TOP 100 Dealers-Revenue
2.1.2 TOP 100 Dealers-Sales Volume
2.1.3 TOP 30 Dealers
2.2 Vehicle Sales
2.2.1 Passenger Vehicle
2.2.2 Commercial Vehicle
2.2.3 New Energe Vehicle
2.3 New Energy Vehicle Sales Models
2.3.1 Direct Sales Model
2.3.2 Choice of New Forces
3. After-sale Market
3.1 USED CAR
3.1.1 Distribution Model
3.1.2 Used Vehicle Market
3.1.2 Used Vehicle Market (2)
3.2 Auto Finance
3.2.1 Development History
3.2.2 Penetration Rate
3.2.3 Market Size
3.2.4 Participants
3.2.5 Companies and Assets
3.2.6 Major Companies
3.2.7 Favorable Industry Policies
3.3 Auto Insurance
3.3.1 Market Size
3.3.2 Competitive Landscape
3.4 Auto Repair & Maintenance and Beauty
3.4.1 Comparison of Channels
3.4.2 Independent Repairers
3.4.3 Internet+
4. Major Dealers
- China Grand Auto
- Sinomach
- Zhongsheng Group
- Dah Chong Hong
- PANGDA
- ZhengTong
- Yongda
- Grand Orient
- Grand Baoxin
- Harmony Auto
- Guangwu Automotive Trade
- Yuantong Automobile
- LSH Auto
For more information about this report visit https://www.researchandmarkets.com/r/tb0fqv
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