BMW Group China 19.7% YOY sales growth Jan-Nov 2013
China Yongda Automobiles Services Holdings Limited (“Yongda Auto” or the “Company” and, together with its subsidiaries, the “Group”) (Stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, announces its wholly-owned subsidiary, Jiaxing Zhibao Sales & Service Co. Ltd. (Jiaxing Baozen) has had a grand opening.
As an important part of BMW’s eastern dealership network, Jiaxing Baozen BMW 4S store is constructed and equipped in accordance with the unified global standards and provides display, sales and after-sales service to customers. Jiaxing Baozen has a professional consultant and technician team who have received strict and systematic training and certification from BMW. It will not only provide consumers with high-quality services, but also allow more people to experience the charm of “BMW’s Joy” at the same time.
BMW is reported to have continuous stable growth in Mainland China in 2013. At the end of November 2013, sales volume under BMW and MINI had reached 354,153 units, representing a growth of 19.7%YOY. Among which, sales under BMW amounted to 328,833 units, representing a growth of 19.6%YOY, which further consolidated its traditional top-three luxury car position. As a China’s leading professional auto sales and services group, Yongda has always been maintaining and developing long-term stable strategic cooperative relations with luxury and ultra-luxury manufacturers with a focus on luxury and ultra-luxury brands. In the meantime, it continues to focus on the expansion strategy of luxury brands. Currently, BMW has the highest proportion among all brands of Yongda. The continuous sales growth of BMW in China will promote Yongda’s new car sales profits directly. From now on, Yongda will enhance the cooperation with BMW to further promote after-sales service, used car business, and auto leasing services which have higher gross profit margin. In the future, with the expansion of Yongda’s sales network of BMW brand and constant growing demand of luxury car market, it will bring long-term growth power to Yongda Auto.