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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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MAS@Beijing 0817 recap: Dealers should rebuild trust to survive

BEIJING – Dealers are under greater pressure in China than elsewhere in the world due to a combination of consumer behaviors and active interests from outside the industry and they must rebuild trust from consumers to survive. That was the conclusion from CBU/CAR’s Monthly Automotive Salon (MAS) held on August

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Auto e-commerce is about online-offline integratio

BEIJING – Automotive e-commerce is not simply online business models taking over or disrupting traditional offline activities, but rather the integration of the two, according to executives of several automotive e-commerce platforms at the 2015 China Internet Auto E-Commerce Summit held in Beijing on September 13. The Summit was organized

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Gross profits of six China’s auto dealers in 2013 up 4.8 percent

BEIJING – Combined gross profits of six Chinese public-listed automotive dealers at their automobile sales in 2013 grew by 4.8 percent on a yearly basis to ¥7.702 billion ($1.232 billion) reported Gasgoo.com recently. Their combined revenues during the year reached ¥173.224 billion, up 5.9 percent. Average gross profit margin of

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Denza EV to go on sale in September as “safest EV in China”

  BEIJING – The Denza all-electric vehicle, produced by Shenzhen BYD Daimler New Technology Co., Ltd. (BDNT), will hit the market in September at a starting price of ¥369,000 ($69,492) before subsidies. BYD and Daimler, which formed BDNT four years ago as the first Sino-German joint venture dedicated to an

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Net profits of six PV dealers up 17.1 percent in H1 2013

BEIJING – Combined profits of six Chinese public-listed dealers, whose major business focuses are passenger vehicle distribution and related aftersales service, grew by 17.1 percent on a yearly basis to ¥1.512 billion ($246.9 million) in the first six months of the year, reported Gasgoo.com. Total revenues achieved by these dealers

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