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2017 CADA Annual Convention: China exhibiting characteristics of a mature auto market

SUZHOU, Jiangsu – China’s auto market is exhibiting characteristics of a mature automobile market, according to Shen Jinjun, president of China Automobile Dealers Association (CADA). Shen made the comments in his opening speech at the 2017 China Automobile Dealers Industry Development Forum here on November 14, part of the 2017

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SouChe raises $335 million Series E round led by Alibaba

HANGZHOU – SouChe, China’s leading online automobile transaction platform, announced recently that it has closed its $335 million Series E funding round led by Alibaba with participation from Warburg Pincus, Primavera Capital and CMB International. The latest financing round comes less than 12 months from the $100 million Series C

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AutoLab forum talks manufacturing, using and financing the vehicle

The Third AutoLab Auto Industry Annual Forum organized by AutoLab, a communications and service platform focused on new energy vehicles, telematics, aftermarket, e-commerce and entrepreneurship and investment, was held on December 2 in Shanghai. With a theme of “Uniting Forces and Confronting Transformation,” the forum discussed new manufacturing movement, smart

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The explosive growth opportunity in China’s automotive aftermarket

A slower “new normal” growth pattern in recent years is a major concern for automakers and suppliers who depend on China for growth. However, unit sales remain at record highs, and the car population continues to expand at double-digit rates annually. In addition, the average age of the vehicle population

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Renrenche completes D-round $150 million financing

BEIJING – Renrenche, one of the online used car dealers, announced on September 5 that it has completed D-round $150 million in financing. The new investors include Hanfor Capital, China Minsheng Investment Group (CMIG), Xinjun Capital and Prometheus Capital. Moreover, strategic investors Tencent, Shunwei Capital, Ceyuan Ventures and Redpoint Ventures

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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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CUCA 2016 discusses integrity and policy support in used car market

The 2016 China Used Car Assembly (CUCA), organized by China Automobile Dealers Association (CADA), was held on July 3-5 in Chongqing. More than 200 corporate representatives and reporters attended the event as CADA officials, executives from used car dealers, e-commerce providers and financial services institutions shared their perspectives and opinions

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Baking the used car market cake with the right ove

China’s used car market is like a cake that is half-baked but one that also requires the right oven, described Jayden Zhao, CMO of online C2C+C2B2C used car transaction platform haoche51.com at CBU/CAR’s Monthly Automotive Salon (MAS) held on June 22. The analogy is interesting but it in fact perfectly

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