Foreign, Chinese firms target aftermarket
By Rong Xiandong (chinadaily.com.cn)Updated: 2006-12-18 14:42
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In 2005, the total value of auto-related products reached 42 billion yuan (US$5.25 million) in China, and the maintenance industry hit 40 billion yuan (US$5 billion). By 2005, there were 300,000 registered auto maintenance enterprises and more than 9,000 auto decoration companies in China.
A survey shows that at present, more than 60 per cent of high-end sedan owners take their cars for regular maintenance and decoration. Over 30 per cent of economy car owners bring their cars in for services.
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The full text is available in the December Issue of AutoChina.
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