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China’s Automotive Distribution & Aftermarket Industry 2019-2025 – China is Expected to See a Steady Growth in Number of Used Cars Traded in the Market, Up to Estimated 32.46 Million Units in 2025 – ResearchAndMarkets.com
Reading Time: 5 minutes
DUBLIN–(BUSINESS WIRE)–The “China
Automotive Distribution and Aftermarket Industry Report, 2019-2025”
report has been added to ResearchAndMarkets.com’s
offering.
Spurred by downstream demand, China’s automobile production and sales
sustained solid growth during 2011-2017, making a new high record in
2017. As the car sharing market is expanding apace, China just produced
27.81 million automobiles and sold 28.08 million units in 2018, both
declining from the year before, by 4.2% and 2.8%, respectively.
In the meantime, the trading volume of used cars in the Chinese market
has been rising over the years, reaching 13.82 million units in 2018,
11.5% more than in the previous year.
China’s automotive distribution and aftermarket industry features
intense competition and a scattered pattern. In 2017, the top 100 auto
dealers in China sold a total of 8.48 million units, occupying a mere
20.5% of the total automobile sales (including the used cars). By the
end of 2017, they had run 6,267 4S outlets, or 27.8% of the country’s
total.
Flocks of Chinese auto dealers turn to the aftermarket to reap benefits
in recent years, arising from vehicle distribution gross margin of less
than 5% and after-sale services’ whopping 40%.
China’s distribution and aftermarket industry shows the trends
as follows:
1. Frequent mergers and acquisitions: while building
some of their own outlets, large auto dealers also expand their
distribution network by way of mergers and acquisitions, as they did in
the first half of 2018 when China Yongda Automobile Services Holdings
Limited bought 2 Lynk&Co 4S shops and Grand Baoxin Auto Group Limited
acquired 1 Jaguar Land Rover 4S shop, 3 BMW 4S outlets and 1 BMW used
car store.
2. Online distribution: the prospering internet is
disrupting the way people live and consume, and automotive ecommerce
then springs up. Currently, traditional auto dealers are not the only
one setting about deploying internet +; some other players are also
launching their own internet + automotive distribution modes for a slice
of the market. Take examples for SOUCHE, Guazi.com, Uxin and Gome, all
of which have online offerings for buyers.
3. Stimulus of Auto finance: the booming auto finance
makes cars more affordable. New financial modes such as “zero deposit or
10% deposit” by SOUCHE and Guazi.com among others, have aroused desire
in buyers by virtue of simpler purchase process, giving automotive
distribution a boost.
4. Increase in used car sales: more new cars in the
market favors higher ownership of automobile, which leaves room for used
cars. As all local policies that restrict sales of non-local second-hand
vehicles are rescinded and the used car ecommerce mode grows mature,
China is expected to see a steady growth in number of used cars traded
in the market, up to estimated 32.46 million units in 2025.
China Automotive Distribution and Aftermarket Industry Report,
2019-2025 highlights the following:
-
China automotive distribution industry (distribution modes, profit
models, competitive pattern and development trends); -
China new car sales, used car sales, automotive finance, car
maintenance & beauty and automotive insurance markets (status quo,
market size, competitive landscape, development trends, etc.); -
14 auto dealers (operation, revenue structure, gross margin, and
automotive distribution and aftermarket business).
Key Topics Covered
1. Overview
1.1 Development History
1.2 Distribution Pattern
1.2.1 Main Marketing Models
1.2.2 Characteristics of Marketing Models
1.2.3 Imported Car Distribution Pattern
1.3 Automotive Aftermarket
1.3.1 Market Situation
1.3.2 Main Channels
1.3.3 Status Quo
2. Overview of Automotive Distribution Industry in China
2.1 Distribution Model
2.1.1 Passenger Car Distribution Model
2.1.2 Commercial Vehicle Distribution Model
2.2 Profit Model
2.3 Competitive Landscape
2.3.1 Revenue of Top 100 Companies
2.3.2 Comparison by Enterprises’ Operation
2.3.3 Comparison by Distribution Channels
2.4 Development Trends
2.4.1 Continuous Industrial M&As Further Raise Market Concentration
2.4.2 More Efforts to Expand Automotive Aftermarket
2.4.3 Automotive Distribution Heads towards “Internet +”
2.4.4 Second Child Policy Promotes the Development of the Industry
2.4.5 Used Car Sales Volume Grows
2.4.6 The Rapid Development of Automotive Finance Boosts the Development
of Automotive Distribution Industry
2.4.7 4S Stores Decline Gradually
3 Sales Market of New Vehicle in China
3.1 Automobile Market
3.1.1 Output
3.1.2 Sales Structure
3.2 Passenger Car Market
3.2.1 Output & Sales Volume
3.2.2 Sales Structure
3.3 Commercial Vehicle Market
3.3.1 Output & Sales Volume
3.3.2 Sales Structure
3.4 New Energy Vehicles
3.4.1 Output and Sales Volume
3.4.2 Prospects
4 Chinese Used Car Sales Market
4.1 Market Situation
4.2 Distribution Model
4.3 Transaction
4.3.1 Overall Market
4.3.2 Market Structure
4.3.3 Regional Market
4.4 Competitive Landscape
4.5 Prospects
5 Chinese Automotive Finance Market
5.1 Status Quo
5.2 Market Size
5.3 Competitive Landscape
5.4 Operation of Auto Finance Companies
5.5 Development Trends
5.5.1 Market Share of Auto Finance Companies Grows Further
5.5.2 Used Car Financial Business Grows Rapidly
5.5.3 Cyberization of Used Car Trade
5.5.4 Auto Financial Products Becomes More Diversified
5.5.5 Improved Credit System Pushes the Development of Auto Finance
Market
5.5.6 Internet Auto Finance Has Developed into a Trend
5.5.7 Cooperation between Banks and Enterprises Drives Auto Finance
5.5.8 Competition in Auto Finance Industry Intensifies
6 Chinese Auto Repair & Beauty Market
6.1 Market Size
6.2 Investment and Financing
6.3 Competitive Landscape
6.4 Analysis of Channels
6.5 Regional Analysis
6.6 Development Trend
6.6.1 Overall
6.6.2 Channels
6.7 Internet + Auto Repair & Beauty
6.7.1 Status Quo
6.7.2 Business Model
6.7.3 Competitive Landscape
7 Chinese Auto Insurance Market
7.1 Development Background
7.2 Status Quo
7.3 Market Size
7.4 Competitive Landscape
8 Majors Car Dealers in China
8.1 PANGDA Automobile Trade Group Co. Ltd.
8.1.1 Profile
8.1.2 Business Model and Profit Model
8.1.3 Operation
8.1.4 Revenue Structure
8.1.5 Gross Margin
8.1.6 Layout
8.1.7 Sales Volume
8.1.8 Customers
8.1.9 New Energy Vehicle Business
8.1.10 Auto Finance Business
8.1.11 Other Automotive Aftermarket Business
8.2 Sinomach Automobile Co., Ltd.
8.2.1 Profile
8.2.2 Operation
8.2.3 Revenue Structure
8.2.4 Gross Margin
8.2.5 Sales Volume
8.2.6 Imported Car Business
8.2.7 Auto Retail Business
8.2.8 Auto Aftermarket Business
8.3 Zhongsheng Group Holdings Limited
8.3.1 Profile
8.3.2 Operation
8.3.3 Revenue Structure
8.3.4 Gross Margin
8.3.5 Sales Volume
8.3.6 Layout
8.3.7 Automotive Aftermarket
8.3.8 Development Strategy
8.4 Dah Chong Hong Holdings Limited
8.4.1 Profile
8.4.2 Operation
8.4.3 Revenue Structure
8.4.4 Gross Margin
8.4.5 Automotive Distribution Business
8.4.6 Layout
8.4.7 Automotive Aftermarket
8.4.8 Development Strategy
8.5 China Grand Automotive Services Co., Ltd.
8.5.1 Profile
8.5.2 Operation
8.5.3 Revenue Structure
8.5.4 Gross Margin
8.5.5 Layout
8.5.6 Automotive Distribution Business
8.5.7 Used Car Business
8.5.8 Other Auto Aftermarket Business
8.5.9 Development Strategy
8.6 China ZhengTong Auto Services Holdings Limited
8.6.1 Profile
8.6.2 Operation
8.6.3 Revenue Structure
8.6.4 Gross Margin
8.6.5 Layout
8.6.6 Automotive Distribution Business
8.6.7 Auto Aftermarket Business
8.6.8 Development Strategy
8.7 China Yongda Automobile Services Holdings Limited
8.7.1 Profile
8.7.2 Operation
8.7.3 Revenue Structure
8.7.4 Gross Margin
8.7.5 Layout
8.7.6 Automotive Distribution Business
8.7.7 Auto Aftermarket Business
8.7.8 Development Strategy
8.8 Wuxi Commercial Mansion Grand Orient Co., Ltd.
8.8.1 Profile
8.8.2 Operation
8.8.3 Revenue Structure
8.8.4 Gross Margin
8.8.5 Automotive Distribution Business
8.8.6 Auto Aftermarket Business
8.8.7 Development Strategy
8.9 Baoxin Auto Group
8.9.1 Profile
8.9.2 Operation
8.9.3 Revenue Structure
8.9.4 Gross Margin
8.9.5 Layout
8.9.6 Automotive Distribution Business
8.9.7 Auto Aftermarket Business
8.9.8 Development Strategy
8.10 Harmony Auto
8.10.1 Profile
8.10.2 Operation
8.10.3 Revenue Structure
8.10.4 Gross Margin
8.10.5 Layout
8.10.6 Automotive Distribution Business
8.10.7 Auto Aftermarket Business
8.10.8 Development Strategy
8.11 Yaxia Automobile
8.11.1 Profile
8.11.2 Operation
8.11.3 Revenue Structure
8.11.4 Gross Margin
8.11.5 Automotive Distribution Business
8.11.6 Auto Finance Business
8.11.7 Other Auto Aftermarket Business
8.12 Materials Industry Zhongda Group Co., Ltd.
8.12.1 Profile
8.12.2 Operation
8.12.3 Automotive Distribution Business
8.13 Lei Shing Hong Limited (LSH)
8.13.1 Profile
8.13.2 Automotive Distribution Business
8.14 Hengxin Automotive
8.14.1 Profile
8.14.2 Automotive Distribution Business
For more information about this report visit https://www.researchandmarkets.com/r/x6nkop
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
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Related
Topics: Automotive
Aftermarket
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Cannabis
Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand
TORONTO and GLIL YAM, Israel, April 16, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IMC“), a leading medical cannabis company with operations in Israel and Germany, is announcing that, further to the news release dated January 12, 2024, the Company has decided not to make remaining installment payments installments (i.e. NIS 5,873K including interest or 2,154K CAD) by IMC Holdings Ltd., and as such will transfer the 51% shares held by IMC Holdings Ltd back to the seller.
“With the April 1st cannabis legalization in Germany, we are focusing our resources on the German market, where we expect to see the biggest growth potential,” said Oren Shuster, CEO of IMC. “With both of our core markets, Germany and Israel, currently undergoing rapid evolution, we need to assure that we allocate our resources to the growth opportunities where we expect the best return on investment.”
About IM Cannabis Corp.
IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has recently exited operations in Canada to pivot its focus and resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.
The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC’s products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. Until recently, the Company also actively operated in Canada through Trichome Financial Corp and its wholly owned subsidiaries, where it cultivated, processed, packaged, and sold premium and ultra-premium cannabis at its own facilities under the WAGNERS and Highland Grow brands for the adult-use market in Canada. The Company has exited operations in Canada and considers these operations discontinued.
Disclaimer for Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to, the occurrence of growth opportunities and the likelihood of growth potential.
Forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to: the development and introduction of new products; continuing demand for medical and adult-use recreational cannabis in the markets in which the Company operates; the Company’s ability to reach patients through both e-commerce and brick and mortar retail operations; the Company’s ability to maintain and renew or obtain required licenses; the effectiveness of its products for medical cannabis patients and recreational consumers; and the Company’s ability to market its brands and services successfully to its anticipated customers and medical cannabis patients.
The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward looking statements due to a number of factors and risks. These include: any failure of the Company to maintain “de facto” control over Focus Medical in accordance with IFRS 10; the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the effect of the reform on the Company; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical (collectively, the “Group”) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East
Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made.
The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Company Contacts:
Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]
Oren Shuster, Chief Executive Officer
IM Cannabis Corp.
[email protected]
Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller-302117984.html
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