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Trends/Policies

Auto after-sale service market shows great potential

By Shangguan Zhoudong (chinadaily.com.cn)
Updated: 2006-11-06 08:44

According to statistics, 40 percent of Chinese vehicles entered a high after-sale service consumption period as the number of China's automobiles grew quickly in recent years. China's auto after-sale service market has great market potential and a high profit margin, but currently some enterprises are thinking less of after-sale service, the market is still lacking powerful brands and the service needs to be strengthened.

An automotive expert predicted that China's auto after service market would reach 154.2 billion yuan (US$19.51 billion) by 2010.

China's auto market began rapid development from 2001 and has a great number of vehicles more than four years old.

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The full text is available in the November Issue ofAutoChina.