On October 17th, the staff of a brand car was waiting for the guests at the auto show. On October 16th, Lanzhou International Auto Industry Exhibition officially opened. This auto show has more than 300 models of new car exhibitors. It is the largest auto show with the largest number of new cars in Lanzhou history. Although all businesses have given car discounts, this show has deserted the situation.
According to the Xinhua News Agency's 120 million car ownership and the annual increase of over 10 million vehicles, China's auto aftermarket is promising. The Blue Book on China’s Automotive Aftermarket, released on the 17th, predicts that in the next 10 to 15 years, China’s auto market will maintain high-speed growth of more than double digits each year. In 2015, the output value of China’s auto aftermarket is expected to increase to 700 billion yuan. Become the world's largest automotive aftermarket.
Annually increase 10 million
The Blue Book, jointly issued by the China Council for the Promotion of International Trade (CCPIT) Hebei Committee and the Hebei International Chamber of Commerce's Automotive Aftermarket Professional Committee, said that since 2009, China’s car sales have passed the tens of millions of vehicles, and that it has been ranked first in the world for three consecutive years. The data shows that at present, the number of cars in China has reached 120 million, and the annual growth rate has reached 14%. Automobile maintenance, spare parts replacement, refurbishing beauty, used car transactions, waste car dismantling and other industries will usher in a huge market space.
2.9% increase in the automotive aftermarket
According to the Blue Book forecast, in the next ten to fifteen years, the Chinese auto aftermarket will continue to grow at a high rate of double digits or more each year. By 2015, the output value of China's auto aftermarket will increase to 700 billion yuan, making it the world's largest automotive aftermarket. In fact, this high-speed growth momentum has emerged in the past few years. The Blue Book quoted China Consumer Network statistics showing that in 2005, the turnover of the “Automotive Aftermarket†was 88 billion yuan; in 2009, it soared to 240 billion yuan, and in 2012 it increased to 5000. Billion, the annual growth rate reached 26.9%, exceeding the average annual growth rate of China's auto sales.
Industry profits up to 40%
Aftermarket automotive industry profits are considerable. According to industry sources, the overall industry profit of the automotive aftermarket can reach 40% to 50%, and individual sub-sectors can even reach 100% to 200%. In the developed country market, the sales profit of automobiles accounts for about 20% of the profits of the entire automobile industry.
The Blue Book also pointed out that every dollar spent on car purchase will drive the automobile after-sales service of 0.65 yuan. Along with the rising level of car consumption, many car owners have increased their understanding of car maintenance knowledge. "Three points of cultivation, seven points of raising" to raise The idea of ​​maintenance was gradually recognized by consumers.
Key words
Aftermarket
It refers to all kinds of services in the process of car use after car sales. It is the general term for a series of trading activities generated during the process from the sale of cars to the end of life, and to the various subsequent needs and services in the after-sales use of cars. The automotive aftermarket includes seven categories: car maintenance, insurance (safety insurance), maintenance and accessories, automotive finance, car modification, used car and car rental, and automotive e-commerce.
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