国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

For auto dealer, sun rises in the west

Updated: 2012-07-14 17:26

By Wang Chao (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

For auto dealer, sun rises in the west

An outlet of China Grand Auto in Urumqi, Xinjiang Uygur autonomous region. [Photo/China Daily]

For auto dealer, sun rises in the west

As car sales slow in many parts of China, it's only open roads ahead for some sellers

Most auto dealers in China have been having a rough time over the past 18 months since the government took steps to rein in the number of vehicles cluttering the country's highways and byways, but China Grand Auto, which has the highest revenue of any auto dealership in the country, has continued to make big inroads, thanks to its sales in Central and western China.

Last year the group sold more than 410,000 cars nationwide, more than 90 percent of those in central and western areas, including Xinjiang Uygur autonomous region, Guizhou and Sichuan provinces and Chongqing municipality.

According to figures from China Automobile Dealers Association, China Grand Auto surpassed Pang Da Automobile Trade Co and became the largest auto dealership last year, with revenue of 64 billion yuan ($10.05 billion, 8.19 billion euros).

China Grand Auto is a relative newcomer to the market, being 6 years old, but its genesis goes back a lot further to 1989, when its parent company Xinjiang Guanghui Industry Investment Group was founded in Urumqi, capital of Xinjiang.

Over its short life, China Grand Auto has expanded into a network of 400 outlets in about 20 regions of China, selling more than 40 mid-range to high-end car models. About 90 percent of these outlets are located in central and western China.

In the popular imagination, western China is an underdeveloped region compared with eastern and coastal areas, and guided by such thinking only mid to low-range cars would have a market there. But Wang Zhen, CEO of China Grand Auto, says the company has destroyed that myth by successfully going for the mid-range to high-end market in that region.

Wang worked in General Electric China for 13 years before joining China Grand Auto in 2008.

"Many people imagine western cities would be rife with low-end cars, but everywhere you look in Urumqi there are expensive SUVs," he says.

But even if the popular conception about western markets is misguided, they may well bear certain idiosyncrasies.

Luo Lei, deputy secretary-general of the China Automobile Dealers Association, says the western markets lag behind their east coast counterparts.

"The traits of the western market are those that the eastern market displayed five years ago," he says.

What makes the western auto market stand out, he says, is that it has gone into top gear, and now there is even talk of cities such as Chengdu catching up with big cities such as Beijing, Shanghai and Guangzhou. Indeed, Chengdu now has the country's fourth most influential annual auto show.

Thanks to China Grand Auto's focus on the fledgling market in the central and western China, its revenue grew 30 percent last year, just as growth was falling significantly in the east, particularly in first- and second-tier cities.

Previous Page 1 2 Next Page

南召县| 连云港市| 渝北区| 襄樊市| 平湖市| 花莲县| 英德市| 承德市| 马山县| 磐石市| 南木林县| 共和县| 太和县| 巴青县| 长宁区| 盐津县| 和林格尔县| 翼城县| 柘城县| 安宁市| 乐清市| 武宣县| 吕梁市| 花垣县| 清水县| 巴林左旗| 惠州市| 洛南县| 静乐县| 金华市| 孝感市| 金川县| 秦安县| 彰化县| 神池县| 建昌县| 隆回县| 广安市| 尼玛县| 米易县| 万山特区|