China Automotive Distribution and Aftermarket Industry Report, 2022-2027
  • Apr.2022
  • Hard Copy
  • USD $3,400
  • Pages:123
  • Single User License
    (PDF Unprintable)       
  • USD $3,200
  • Code: ZJF185
  • Enterprise-wide License
    (PDF Printable & Editable)       
  • USD $4,800
  • Hard Copy + Single User License
  • USD $3,600
      

Since the introduction of 4S store model into China at the end of 20th century, China's authorized dealer system has gradually developed from a single-store-based mode to a group-based mode, and from extensive management to refined management. In the automotive industry chain, the upstream parts manufacturers provide all kinds of parts and components to the midstream automakers who are responsible for design, R&D, manufacturing and brand building, while the downstream dealers sell new cars and provide after-sales services for consumers. In the entire industry chain, automakers occupy a dominant position, and they have a strong voice in managing dealers through authorization and rebate measures.

经销1_副本.png


According to data from China Association of Automobile Manufacturers (CAAM), 26.082 million and 26.275 million automobiles were produced and sold respectively in 2021, up 3.4% and 83.8% year-on-year correspondingly. This is the first growth since 2019. The COVID-19 pandemic has brought unprecedented challenges to China's automotive dealership industry which still performs well. According to the data of CAAM, the total revenue and output value of the top 100 automotive dealership groups in 2020 jumped 4.9% year-on-year to RMB1.82 trillion. In 2020, the number of authorized 4S dealers nationwide experienced negative growth for the first time in history. The number of 4S stores in the network dropped to 28,000. A total of 3,920 4S stores withdrew throughout the year, namely over 10 4S stores exited every day averagely.

经销2_副本.png

Different from the national dealership model of conventional auto brands, the current sales models and channels of emerging automakers have evolved from the dealership model to the direct operation of chain stores by brand automakers or the cooperative operation with authorized agents. The direct sales model offers users refreshing brand experience through services covering the entire life cycle of products, and avoids many drawbacks (like opaque prices and poor services) of the conventional dealership model. However, it also triggers multiple problems such as huge capital and complex operation, which are not applicable to all new energy vehicle manufacturers. But even if the dealership model is still adopted, the service structure and profit structure of 4S stores will be significantly altered.

经销3_副本.png

The automotive aftermarket refers to all the services needed by consumers around the use of automobiles after they are sold until being scrapped.

The automotive aftermarket, especially the maintenance market, expands year by year with the increase of automobile age, because the older the automobile, the more worn the accessories, the more repairs per year, and the higher the repair cost. At present, the average age of automobiles in China has reached 6 years. The growth in both automobile age and automobile ownership has driven the booming development of automotive aftermarket which has gradually become a new industrial focus, meaning the industry has seen lucrative opportunities.

经销4_副本.png

The automotive aftermarket mainly includes auto repair and maintenance, auto finance, used cars, car leasing, auto supplies, beauty and modification, car recycling, aftermarket alliance platform integration/automotive e-commerce, etc. Among them, auto finance, auto maintenance and used cars are the top three segments of the automotive aftermarket:

Used Cars

Factors such as consumption upgrade, occupational needs, and consumer preference will allow car owners to swap their existing cars through channels such as used car dealers and used car e-commerce platforms. In recent years, the state and local governments have increased their efforts to promote automobile consumption, and taken favorable measures to drive the consumption of used cars. China's used car market has maintained growth with a wider transaction scale. In 2020, approximately 17.59 million used cars were transacted in China, a spike of 22.6% over the previous year. In the future, the used car market is expected to raise its market share in the automotive aftermarket.

Maintenance

Under the background of high automobile ownership, high automobile age and maintenance concept change, the auto repair and maintenance market size continues to swell. The annual automobile maintenance cost escalates year by year with the increase of automobile age, because the older the automobile, the more worn the accessories, the more repairs per year, and the higher the repair cost. According to the experience of developed countries, China is about to see the maintenance demand hit the peak. In the past ten years, the sales volume of automobiles has been considerable, but the growth rate of new car sales volume has slowed down. In the future, the average automobile age will continue to rise, which will prompt the automotive maintenance industry into a golden age. China's auto maintenance market size had reached about RMB1,533 billion as of 2021, and it is expected to exceed RMB2 trillion by 2027. In the context of anti-monopoly, independent auto repairers are gradually encroaching on the market share of traditional 4S stores; with the help of the "Internet +" model, the independent repair model will further burgeon.

Auto Finance

Pivoting on OEMs, auto finance is the combination of various financial products derived from upstream and downstream of the industry to end consumers. It targets companies, individuals, governments, auto operators and other entities. Typical auto finance products include dealer inventory financing, auto loans, auto leasing, and auto insurance. In recent years, the overall penetration rate of China's new car finance has ticked up year by year. However, compared with mature markets in Europe and the United States, China's new car finance market still lags behind. With consumption upgrade and higher credit acceptance, auto finance will further grow. In 2021, the assets of 25 auto finance companies ascended 15% year-on-year to RMB1.12 trillion.

China Automotive Distribution and Aftermarket Industry Report, 2022-2027 highlights the following:

20120114.gifDefinition, classification, industry chain, business models, etc. of the automotive dealership industry and aftermarket;
20120114.gifMarket size and forecast of Global and Chinese automobile and dealership industry, including automobile sales volume, dealer network, automobile sales volume by dealers, competition pattern, sales models of the new energy vehicle industry, etc.;
20120114.gifMarket size, forecast, competition pattern, trends, etc. of automotive aftermarket segments including auto finance, used cars, maintenance and beauty, etc.;
20120114.gifProfile, business, agency brands, operating network and marketing of major auto dealers in China.

1. Overview
1.1 Industry Chain
1.2 Development Course
1.3 Distribution Model
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 Car
2.2.2 Commercial Vehicle
2.2.3 New Energy Vehicle
2.3 Sales Models of New Energy Vehicles
2.3.1 Direct Sales Model
2.3.2 Choice of Emerging Automakers
2.3.3 Layout of Emerging Automakers in Cities (1)
2.3.3 Layout of Emerging Automakers in Cities (2)
2.3.3 Layout of Emerging Automakers in Cities (3)

3. After-sale Market
3.1 Used Car
3.1.1 Distribution Model
3.1.2 Used Car Market
3.1.2 Used Car Market (2) 
3.1.2 Used Car Market (3) 
3.1.3 Used NEV
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 Auto Finance Companies and Assets
3.2.6 Major Auto Finance Companies
3.2.7 Favorable Policies for the Auto Finance Industry
3.3 Auto Insurance
3.3.1 Market Size
3.3.2 Competitive Landscape
3.4 Auto Maintenance and Beauty
3.4.1 Comparison of Channels
3.4.2 Independent Repairers
3.4.3 Internet+

4. Major Dealers
4.1 China Grand Auto
4.1.1 Distribution Outlets
4.1.2 Sales
4.1.3 Development of Auto Insurance and Financial Leasing
4.1.4 Maintenance and Used Car Business
4.1.5 Operating Results
4.2 Sinomach
4.2.1 Automobile Wholesale Business
4.2.2 Automobile Retail Services
4.2.3 Auto Financial Services
4.2.4 Automotive Aftermarket Services
4.2.5 Operating Results
4.2.6 Sales
4.3 Zhongsheng Group
4.3.1 Business Outlets (1)
4.3.1 Business Outlets (2) 
4.3.2 Sales
4.3.3 Operating Results
4.3.4 Revenue Structure (1)
4.3.4 Revenue Structure (2)
4.3.4 Revenue Structure (3)
4.3.5 New Energy Vehicle Business
4.4 Dah Chong Hong
4.4.1 Distribution Business
4.4.2 Car Rental
4.5 PANGDA
4.5.1 Business Outlets
4.5.3 Sales
4.5.4 Distribution Brands
4.5.5 Operating Results
4.6 ZhengTong
4.6.1 Network
4.6.2 New Vehicle Sales
4.6.3 Aftermarket Business
4.6.4 Operating Results
4.7 Yongda
4.7.1 Distribution Network (1)
4.7.1 Distribution Network (2)
4.7.2 New Car Sales
4.7.3 Pre-owned Vehicle Sales
4.7.4 After-sale Service
4.7.5 Automobile Finance
4.7.6 Operating Results
4.7.7 New Energy Vehicle (1) - Outlets
4.7.7 New Energy Vehicle (2) - Working with Xpeng
4.7.7 New Energy Vehicle (3) - Sales
4.7.8 Growth Curves
4.8 Grand Orient
4.8.1 Distribution Outlets
4.8.2 Other Automobile Business
4.8.3 Operating Results
4.9 Grand Baoxin
4.9.1 Distribution Outlets
4.9.2 New Car Sales
4.9.3 After-sale Service
4.9.4 Derivative Business
4.9.5 Operating Results
4.10 Harmony Auto
4.10.1 Distribution Outlets
4.10.2 New Car Sales
4.10.3 Dealership Service
4.10.4 Operating Results
4.10.5 NEV Layout
4.11 Guangwu Auto Trade
4.11.1 Distribution Outlets
4.11.2 New Car Sales & Maintenance
4.11.3 Used Car Transaction
4.11.4 Automotive Extended Services
4.12 Yuantong Automobile
4.12.1 Distribution Outlets
4.11.2 Automotive Extended Services
4.13 LSH Auto
4.13.1 Distribution Outlets in Mainland China
4.13.2 Auto Sales & Services
 

China Autonomous Retail Vehicle Industry Report, 2022

Research on Autonomous Retail Vehicles: Lower Costs Accelerate Mass Production with Ever-spreading Retail Scenarios Autonomous retail vehicles integrate technologies such as 5G, artificial intelligenc...

China Passenger Car Driving and Parking Integrated Solution Industry Report, 2022

Driving and parking integrated solutions stand out in high-level intelligent driving, and the mass adoption is around the corner. According to ResearchInChina, in the first four months of 2022, China'...

Autonomous Driving and Cockpit Domain Control Unit (DCU) Industry Report, 2022(II)

Domain Controller Research: Exploration of Five Business Models, Tier1, Tier0.5, Tier1.5 or ODM? Automakers accelerate the mass production of new E/E architecture platforms, and the penetration rate...

Autonomous Driving and Cockpit Domain Control Unit (DCU) Industry Report, 2022 (I)

Domain Controller Research: Exploration of Five Business Models, Tier1, Tier0.5, Tier1.5 or ODM? Automakers accelerate the mass production of new E/E architecture platforms, and the penetration rate...

China Minicar Industry Report, 2022

Minicars, also known as mini passenger cars, are suitable for short-distance transportation and are positioned as entry-level vehicles. Thanks to low cost, convenient parking and low usage cost, minic...

China Automotive Ultrasonic Radar and OEM Parking Roadmap Research Report, 2022

In 2021, ultrasonic radar shipments hit 100 million units, and intelligent parking became a crucial engine.1. In 2025, China’s ultrasonic radar installations will exceed 140 million units. According...

DENSO CASE (Connectivity, Automation, Sharing and Electrification) Layout Research Report, 2022

DENSO CASE Research: The semiconductor business will help it go "from Toyota to the world” ResearchInChina has released DENSO CASE (Connectivity, Automation, Sharing and Electrification) Layout Resea...

China Roadside Edge Computing Industry Report, 2022

Roadside Edge Computing Research: how edge computing enables intelligent connected vehicles? Policies and standards for roadside edge computing are implementing one after another, favoring the boom o...

Chinese ADAS and Autonomous Driving Tier 1 Suppliers Report, 2021-2022

Autonomous Driving Tier 1 Suppliers Research: the installation rate of L2 and above autonomous driving functions in passenger cars hit over 30% in 2022Q1. In 2022Q1, the installation rate of L2 and a...

Global and China Electronic Rearview Mirror Industry Report, 2021-2022

Electronic rearview mirror research: the streaming rearview mirror installations soared by 73% in 2021. This report combs through and summarizes the global and Chinese electronic rearview mirror mark...

Global and Chinese Automakers’ Modular Platforms and Technology Planning Research Report, 2022

Research on Automakers’ Platforms and Their Planning: the Strategic Layout Directions of 32 Automakers At present, global automotive industry is in the midst of profound changes unseen in a century....

Automotive Intelligent Cockpit Platform Research Report, 2022

Research on Intelligent Cockpit Platforms: Intelligent cockpits rush into a new era of "cross-domain integration and layered software design" Cockpit hardware platform field: Faster cross-domain inte...

Global and China Flying Car Industry Research Report, 2022

ResearchInChina has released “Global and China Flying Car Industry Research Report, 2022". A flying car is a three-dimensional vehicle. Broadly speaking, it is a low-altitude intelligent autonomous t...

Global and China Passenger Car T-Box Market Report, 2022

Passenger car T-BOX research: T-Box OEM installation rate will reach 83.5% in China in 2025 ResearchInChina has published Global and China Passenger Car T-Box Market Report 2022 to summarize and ana...

Global and China Purpose Built Vehicle (PBV) and Robocar Report, 2022

PBV and Robocar research: new idea of building brick cars, a new car type for future mobility Building brick cars moves the cheese of traditional OEMs. Purpose built vehicle (PBV) refers to special ...

China Automotive Voice Industry Report, 2021-2022

Automotive voice market: The boom of self-research by OEMs will promote reform in the supply mode Before the advent of fully automated driving, the user focus on driving, and voice interaction is sti...

Global and China Automotive Emergency Call (eCall) System Market Report, 2022

Automotive eCall system: wait for the release of policies empowering intelligent connected vehicle safetyAt the Two Sessions held in March 2022, more than 10 deputies to the National People's Congress...

Global and China Leading Tier1 Suppliers’ Intelligent Cockpit Business Research Report, 2022 (II)

Tier1 Intelligent Cockpit Research: The mass production of innovative cockpits gathers pace, and penetration of new technologies is on a rapid riseGlobal OEMs and Tier 1 suppliers are racing for the i...

2005- www.researchinchina.com All Rights Reserved 京ICP备05069564号-1 京公网安备1101054484号