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“According to the impact of the downturn in the real economy, China’s largest automobile production base in Chongqing has seen a continuous dilution in vehicle sales and profits, but the profitability of the auto market is considerable.†Qian Yong, president of the Chongqing Liangjiang Auto Parts & Accessories Association, said in Liuzhou, Guangxi, that the profit structure of the auto industry is being renewed. segmentation.
From October 21st to 23rd, the 6th China-ASEAN (Liuzhou) Automobile Industry Expo parts exhibition was held in Liuzhou, attracting more than 700 auto parts companies from Mainland China and Hong Kong. Among them, dozens of mini vehicle accessories companies in Chongqing chartered planes to seek business opportunities.
According to Qian Yong, the profit of Chongqing's auto aftermarket was nearly 10 billion yuan (RMB, the same below) in 2015. People are optimistic about the prospects of the auto aftermarket. More than 100 minicar accessories companies have settled in Chongqing's China Microcar Parts Industry Base Baotuan Development. .
According to statistics from the Traffic Control Bureau of the Ministry of Public Security of China, as of September 2016, the number of motor vehicles in China reached 280 million, of which 190 million were automobiles. Industry analysis data shows that in the automotive industry profits, 60% of the profits are from the service sector, and the auto aftermarket profits far exceed the auto trading market. It is estimated that by 2020, the size of China's auto aftermarket will reach 1.435 trillion yuan.
Targeting this market, Chinese companies are developing post-market business areas such as auto finance, maintenance, repairs and accessories, and are looking for new profit growth space for corporate development.
As Liuzhou, China's emerging automobile city, its automobile production and sales volume reached nearly 2.3 million units in 2015, and its total output ranks third among Chinese cities. In recent years, the city's automobile industry has developed rapidly and there are more than 500 existing auto manufacturing companies and parts and components manufacturing enterprises.
Guangxi Automobile Group Co., Ltd., located in Liuzhou, expanded its business to the automotive aftermarket in 2012 and currently covers automotive services and trade, automotive finance and other businesses. In 2015, the revenue from automotive service and trade exceeded RMB 3.3 billion, becoming the Group's new business engine and an important profit growth point.
As the largest car dealership group in South China, Guangdong Materials Group Automobile Trading Co., Ltd. has recently released the Internet service platform - the wide-body vehicle service APP. The APP will open up the industry chain of buying a car, keeping a car, relocating a car, and using a car to build a huge ecosystem of car owners and want to further lengthen the company's aftermarket service line.
However, as the industry's Qian Yong also found some problems. He said: "At present, the automotive market is experiencing spurt development, but there are factors such as the lack of credibility of the brand, lack of core technologies, and backward logistics."
In order to regulate and promote the development of the industry, since 2015, the Chinese government has issued a series of policies related to the aftermarket, involving areas such as used cars, maintenance parts, and car sharing. Huang Yonghe, a senior expert at the China Automotive Technology and Research Center, once stated that in the future, China's auto aftermarket will face reshuffle, and a group of branded, large-scale and professional leading enterprises will gradually form.
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