Dealer Group profit fell over 2 percent inventory pressure is still large

Posted on 10/13/2015 9:59:34 AM

Recently, the China Automobile Dealers Association data show that inventory early warning indicators in September was 55.7 percent, up 7 percentage points. It is reported that this is the index since last October, the first 11 months at the top of the cordon. And the car dealer group semi-annual report can be seen from the market the first half of 2015, in spite of the overall environmental impact of the automobile market, the key performance indicators declined compared to the same period last year.
Deputy Secretary General of China Automobile Dealers Association, Lang Xuehong, said: "The available memory index rebounded in September, due to the many aspects of the holiday's sake, lead to a demand for September will be a certain degree of diversion in August and October, so make September overall market conditions demand does not meet expectations, relatively speaking. "
Analysts say the first half of 2015 inventory listed on most car dealers group than the beginning of a decline, inventory management intensified, destocking effects begin to be felt during the reporting period 13 business inventories fell by an average 6.57% a year earlier, but overall still high dealer inventories.
It is reported that, with the slowdown in the domestic automobile market, car dealers are deteriorating profitability. Providing data from the China Automobile Dealers Association, the first half 2015 Listed dealer group overall pace of expansion slowed, 13 listed auto companies increased by an average 0.89% of total assets, of which 7 companies total assets of negative growth.
And, in 2015 net profit of listed car dealer group fell significantly, 14 companies fell by an average 21.77%, in addition to the National Machine car, harmony cars, Yongda Automobile compared with the same period last year increased or unchanged, the remaining businesses has declined , some companies tumbled.
It is understood that the first half of this year, car dealer industry mergers and acquisitions occur between enterprises, real estate Gangster holding Rundong green car, Yuantong acquisitions and Makoto. In mid-September, is currently ranked first in China's passenger car sales trader CGA, announced that the company has issued a tender offer Baoxin Auto.
China Automobile Dealers Association statistics show that the first half of 2015, car dealers up to 70% loss rate. Insiders said that the emergence of a number of car dealers mergers and acquisitions phenomenon, mainly due to weakness in the automotive industry as a whole needs affected. Car dealer currently not fared, it has become the industry reshuffle opportunities.
Lang Xuehong last mentioned: "From the dealer's business situation, the business situation is not ideal, because the irritating policy, sales in October will have a significant upgrade, can absorb the existing inventory, so that dealers have inventory pressure The remission. "

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