Interpretation of seven major industries in the post-market: used car and car rental

According to the experience of developed countries in Europe and the United States, the general overall age of vehicles has reached 5-6 years, and the used car market has started to break out. At present, the automobile age of our country is about 4 years, and in the next 1-2 years, the domestic used car market has the basic conditions for the outbreak. The second-hand car service industry will be another market with a scale of several hundred billion yuan, and this tipping point will soon begin to ignite.

It is understood that in the developed automobile market in developed countries, the used car business accounts for about 70% of the total automobile consumption. The used car sales in the United States, Germany, Switzerland, and Japan are 3.5, 2, 3, and 1.4 times the sales of new cars, respectively. According to the data released by the China Association of Automobile Manufacturers, in 2014, the domestic market consumed a total of 22.49 million new cars, a year-on-year increase of 6.9%, and the growth rate in 2013 was 13.8%. The growth of the new car market has obviously slowed down. On the other hand, the second-hand car market has seen spurt growth, with annual sales exceeding 10 million, a year-on-year growth rate of 27%. However, even so, the sales of domestic used cars still only accounted for about 1/4 of new car sales.

In developed countries, more than 80% of people who purchase cars for the first time choose to buy used cars, which are very different from our country in consumption habits. In the future, the concept of Chinese consumer car purchase will surely gradually mature. In the process of car purchase, more and more consideration will be given to practical and cost-effective factors, instead of blindly pursuing luxury decent. At that time, the buying group of used cars will become larger and larger. "In the future, used cars will gradually become the same mainstream business as new cars. Only in this way will China's auto market become a mature market." Su Hui said.

According to industry insiders, based on the experience of developed countries in Europe and America, the overall average age of the vehicle will reach 5-6 years, and the used car market will begin to break out. At present, the automobile age of our country is about 4 years, and in the next 1-2 years, the domestic used car market has the basic conditions for the outbreak. The second-hand car service industry will be another market with a scale of several hundred billion yuan, and this tipping point will soon begin to ignite.

It is understood that from 2006 to 2014, about 2 billion U.S. dollars were invested in automobile services in the domestic market, and the amount of investment in used car venture capital in 2014 exceeded the sum of all previous years, and the sum was about 4.8 billion yuan. Around, but China's market potential is far from being released. However, the used car market has problems in various aspects such as taxation, transaction, circulation, and after-sales, which may affect the development of the used car market.

At the same time, the car rental industry is also ushering in the development of the blowout period. In the face of a car rental market with a market size of 35 billion yuan and an annual growth rate of 20%, all parties are scrambling to join. The current car rental industry camp outsole

Can be divided into three categories: traditional car rental companies, car manufacturers leasing companies and systematic management of the chain of car rental companies. Among them, the development of chain car rental companies such as China Car Rental Co. and Car Rental Co., Ltd attracted a lot of attention. Among the current domestic 2,000-odd car rental companies, there are only two car companies with self-owned vehicles of more than 10,000 units, including Shenzhou Car Rental and one-car rental. The car scale of Shenzhou Car Rental is even more dominant than the previous ten. The sum of nine in the middle and back.

According to Roland Berger’s report, the penetration rate of the Chinese car rental market in 2013 was only 0.4%, which was far lower than 2.5%, 1.6%, 1.4% and 1.3% in Japan, the United States, South Korea and Brazil. The scale of China’s car rental market has grown from 9 billion yuan in 2008 to 34 billion yuan in 2013, a compound annual growth rate of 29%; the number of vehicles has increased from 100,000 in 2008 to 369,000 units in 2013, a compound increase of 30%. . Roland Berger expects that in 2018 China's car rental market will increase to 65 billion yuan, and the number of teams will reach 779,000. The ever-growing market space and the ever-changing industry structure have provided the car rental industry with more room for development and brought more uncertainty to the development of various companies.

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