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China Grand Auto solidifies position as top Chinese dealer in latest CADA rankings

BEIJING – China Grand Auto Service Co., Ltd. solidified its position as China’s leading automobile dealer group with sales revenue of more than ¥160 billion and vehicle sales of over 1.1 million units (including used vehicles) in 2017, according to the latest rankings released by China Automobile Dealers Association (CADA) on May

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Audi Dealer Association sends letter of discontent to Audi over senior exec comments

BEIJING – On March 20, five days after Audi senior executives told the Chinese media in an interview that Audi would not force dealers to maintain relationship against their will if trust is lost, the CADA Audi Dealer Association expressed its discontent over the comments in a heated letter requesting clarification

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China Grand Auto acquires majority stake in Baoxin Group

BEIJING – China Grand Automotive Services, China’s largest automobile dealership group by sales, plans to buy up to 75 percent stakes in luxury car dealer Baoxin Auto Group for HK$11.5 billion ($1.48 billion), according to the restructuring plan released by China Grand Auto on December 11. The corporation plans

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Perceptual quality will be next battleground

BEIJING – Perceptual quality will be the next battleground for carmakers, according to Renee Stephens, vice president of U.S. Auto Quality at J.D. Power. Stephens made the comments at the 3rd Sino-Korean Auto Industry Development Forum held on Beijing on November 17. The event, with a theme of “Analysis of

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Greenland Rundong and Ali Auto team up on internet sales

SHANGHAI – China Greenland Rundong Auto Group Ltd., one of China’s largest luxury car dealership groups, signed a strategic cooperation memorandum with Alibaba Group’s Automobile Business Unit (Ali Auto) on November 16 to strengthen its presence in online sales and financing services, according to a company statement. Under the agreement,

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Alibaba and Yongda team up to offer O2O sales and service solutions

SHANGHAI – Alibaba Automobile, the automobile business unit of Alibaba Group Holdings Ltd., and Shanghai Yongda Automobile Group Co., Ltd., the indirect wholly-owned subsidiary of China Yongda Automobiles Services Holdings Ltd., signed a strategic cooperation agreement here on August 5 to offer online-to-offline (“O2O”) comprehensive sales and services solutions. Yongda,

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