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FAW Toyota and Pangda open used vehicle center in Tianji

TIANJIN – FAW Toyota Pangda Boya Used Vehicle Center opened here on August 6 to provide all-around one-stop service covering all used vehicle business and optimize the network layout of FAW-Toyota’s used vehicle business. The used vehicle replacement service of FAW-Toyota has four advantages. Firstly, there are many professional appraisers

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Great Wall Tianjin branch rolls off 1,000,000th vehicle

TIANJIN – Great Wall Tianjin branch rolled off the 1,000,000th vehicle at its facility in Tianjin Economic-Technological Development Area (TEDA) on May 15, three and a half years after the first car, the Haval H6, rolled off the assembly line, reported PR Newswire. With a workforce of more than 22,000

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Lentuo to enter EV and PEV value-added service market

BEIJING – Lentuo International Inc. (Lentuo) announced on January 28 that it has begun a strategic expansion into the electric vehicle and plug-in hybrid electric vehicle value-added services as an extension of its aftersales business strategy. Lentuo is in discussions with a German developer and manufacturer of automobile roof-integrated solar

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Dealer discontent and license plate restrictions reveal true state of market

Happy New Year! The last couple of weeks of 2014 were quite eventful for the industry. Dealers of both luxury and popular brands “revolted” against OEMs for inventory stockpiling and unreasonable sales targets, while Shenzhen on December 29 became the latest city to restrict license numbers. The dealer-OEM “standoff” has carried

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Hangzhou dealers offer subsidies to car license plate applicants

HANGZHOU, Zhejiang – Dealers started to offer subsidies to car license plate applicants in Hangzhou, Zhejiang Province, in an attempt to attract potential car buyers after the city implements the car ownership restriction policy this year, reported National Business Daily. Hangzhou provided 6,666 car license plates in May, including 5,866

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Dealer inventory ratio increases to 2.33 in February

BEIJING – Average inventory ratio (inventory over sales) of Chinese car dealers in February 2014 rose 1.36 to 2.33 compared to January, up 0.32 year-on-year, according to data released by China Automobile Dealers Association (CADA) recently.      Source: CADA In the month, the average inventory ratio of Chinese and

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