· trillion market to be explored

The automotive aftermarket has recently become a hot spot for investment. Automakers, Internet companies, and auto repair companies have all become "golden diggers" in the rapidly expanding aftermarket. The industry believes that the domestic automotive aftermarket development space is huge, and currently presents a market pattern of “swinging up”, and the trillion-dollar automotive aftermarket is still to be explored by all parties.
The automotive aftermarket covers a wide range, "almost all the links after the completion of the car transaction, maintenance, repair, insurance, modification, etc.," the industry said.
On November 27th, the “China Automotive Industry Investment and Financing Strategy Forum” hosted by China Automotive Consulting Center Network, “2014 China Automotive Industry Investment and Financing Top Ten Events” selection and results release, deliberately listed the automotive aftermarket For a selection category. According to Xu Jinquan, CEO of China Automotive Consulting Center, the number of investment events in the automotive aftermarket has reached 67 this year, an increase of 10 times compared with 2013.
According to the Galaxy Securities Research Report, the overall industry profit of the automotive aftermarket can reach 40%-50%, and individual segments even reach 70% to 80%. According to Xu Jinquan, in the domestic automotive aftermarket, only the accessory market has a scale of more than 500 billion yuan, and the accessory sales companies rarely have a scale of more than 1 billion yuan. The market size is large enough, but the dispersion is also large. Such a market is bound to present a situation of “competition”.
The huge market has attracted many companies to participate. The vehicle manufacturer SAIC Group has been active in the automotive aftermarket. The online car enjoys the network and invests 1.4 billion yuan to establish the “A station”. It cooperates online and offline to establish an independent automobile sales and service system. On November 28, the listed company Jingu Co., Ltd. announced that the company's wholly-owned subsidiary plans to establish a new wholly-owned subsidiary to increase investment in the automotive aftermarket. The investment of Jingu Co., Ltd. mainly focuses on e-commerce, network technology and other related businesses, helping the company's layout in the automotive aftermarket. It is reported that the company will use the Internet and mobile Internet means to develop the automotive aftermarket in the O2O model. In addition, auto repairers, component suppliers and even Internet companies have also entered the automotive aftermarket.

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