Automotive Aftermarket Chain To China Some Of The Inspiration - Automotive Aftermarket, 4s Shops,
I tell you the whole Car The industry's most subject to government and official concern
, in fact, the most important piece of after-sales service. We all talk about cars in front of the countryside, especially Gio General Tao, cars to the countryside, and sell more and more, your after-sales service in which this is a long-standing problem. I give you the industry perspective to make a brief introduction.
Today is commercial vehicles and parts, a brief introduction in Liaoning Shuguang Group I served as vice president for many years, which I relate to parts in the light of our manufacturing. Because in the manufacturing industry for many years, always feeling after-sales service is a big problem, early in 2007 out from dawn to GRF. We are excellent with Citigroup Inc. is a wholly-owned U.S. companies, investment 100 million U.S. dollars, the current group made the largest corporate sale in China. Briefly explain the current economic crisis in industry performance. We are all familiar with General Motors, GM fell from the highest more than 90 U.S. dollars more than one U.S. dollar, so people on this concept, we can be much larger than Shanghai GM the car. Delphi fell to the famous one-thousandth parts enterprises. Called Carmax used car industry to do a very successful company, Buffett is the most promising enterprise. Compared to before it had a good lot. I am afraid that you will be surprised to see, and this is the automotive aftermarket parts chain AutoZone, its market valuation from the beginning 91 years, has been determined a new high every year, regardless of the economic crisis Ye Hao, all the way up, above a chart its history, the following one is the AutoZone in the performance of the economic crisis. Latest valuation 165.36 U.S. dollars, the market value of more than 90 billion dollars. This is the entire U.S. stock market's most compelling section. In fact 60% of profits after sales markets, the automotive aftermarket is the gold industry, the aftermarket price is relatively insensitive. We do know that each vehicle is an important supplier of our job is to talk about, is the price reduction per year. Affected by economic cycles do not affect.
A brief organizational model developed automotive aftermarket, 4S stores dominate the world can do is to Japan, it accounts for 4S system 90% share of the market system, the famous yellow hat, Autobacs other 10%. From the beginning we found 90 4S system is not just selling a car, so the boss with the OEMs termination 4s. I give it the definition of the so-called 4S shop is a single brand in particular Sell And maintenance of a single brand in particular, they found that only sell one kind of car do not make money, have all turned into a variety of brands, selling a variety of vehicles, repair a variety of cars, this model may be the dawn of Gio this car is more appropriate. 4S system, American model, 20%, 80% of the independent aftermarket system. China, what would happen, leaders of relevant departments have outstanding 4S system on reflection, I think around closer to the U.S. model. Since close to the American model, the United States is 300 million population, 200 million license holders, vehicle population 240 million. Aftermarket auto parts industry, the entire working population has reached 4.5 million, this country is a very attractive industry, automobile industry in the U.S. power Hotels Industry. Aftermarket auto parts stores in the area, Friends of Eight U.S. companies, the largest called the NAPA, which has 5,800 stores, repair shops 13000, last year a turnover of 11.0 billion. There are 4,056 AutoZone stores, the overall market size is far greater than the parts flow Home Appliances Chain markets and used-car market. Is the largest U.S. electronics chain Best Buy and Circuit City, China's home appliance chain store market has been in line with the United States, but the U.S. auto parts chain with about Best Buy, there are a number of second and third group home, there are eight listed companies home. The market capacity is large enough. For everyone to look at the photo below. AutoZone why the economic crisis, why it's so good stock price performance, we look at its 2008 financial statements, sales of 6.5 billion, net profit of 640 million, net assets of 230 million. Only you do store it, you will encounter many problems, above all, a standard issue, any chain is the vitality of its standardization, if you eat the KFC in Shanghai and Beijing are not the same as eating a KFC, but the repair is hard to standardize, followed by so many technical staff you Shangna Zhao. All parts with late repair chain, there are many parts of the dead stock, if all the stores open to purchasing their own parts. While a broker, but brokers and ultimately, because two varieties of a few suppliers are high-volume, small parts and components production plant varieties of high-volume, but other end users to either repair plant small quantities of many varieties, among you must have this layer distribution channels, this is the nature of this industry.
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