China Automotive Distribution Industry Research and Forecast Report, 2013
M2 - Mon Jan 28, 4:26AM CST
Research and Markets (http://www.researchandmarkets.com/research/l59skx/china_automotive) has announced the addition of the "China Automotive Distribution Industry Research and Forecast Report, 2013" report to their offering. In the wake of declined automotive sales, the construction speed of auto dealers' 4S stores also slowed down somewhat in China in 2012. In 2012, the number of additional 4S stores in China registered 2000-plus, and the total number approximated 20,000. Among the listed dealers, Pangda Automobile Trade boasts the most 4S stores, with the number hitting 771, far higher than that of other peers. Due to slowdown of new vehicle sales market and the amounting pressure of inventory, the dealers successively rendered price reduction as the main promotion means, which caused the drop in profitability of many dealers in 2012. Meanwhile, the fall of gross margin also indicates that the new vehicle sales business has been gradually into the era of meager profit. In contrast to the depressed new