www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto China

Car makers pay to keep Chinese dealers happy as market slows

(Agencies) Updated: 2015-01-09 14:18

Car makers pay to keep Chinese dealers happy as market slows

A BMW Vision Future Luxury concept car is displayed during its world premiere ceremony at Auto China 2014 in Beijing April 20, 2014. [Photo/Agencies] 

After years of outsized growth that turned China into the world's biggest car market, a slowdown is exacerbating tensions between global automakers and local car dealers, with smaller margins leading to tougher negotiations over sharing profits.

The dispute is turning costly for some of the auto firms, who have agreed to shell out hundreds of millions of dollars to keep the peace.

Spearheading the backlash is the China Automobile Dealers Association (CADA), a dealer trade body which earlier this week went public with an announcement that it had persuaded German automaker BMW to pay 5.1 billion yuan ($820 million) in compensation to dealers for lower than expected 2014 profits.

CADA took the unprecedented step of giving interviews to foreign media to announce the deal. BMW has not confirmed the 5.1 billion yuan figure but says it has reached a deal which does not require it to modify its 2014 profit target.

BMW is not alone. Volkswagen-owned Audi has pledged 2 billion yuan in subsidies, two sources with direct knowledge of the matter told Reuters. Daimler has paid China-based Mercedes dealers about 1 billion yuan, two sources familiar with the matter told Reuters. Both companies declined to comment on the figures.

And subsidies are not the only issue. Dealers also complain of high sales quotas, which can hurt their margins. Porsche, also owned by Volkswagen, has imposed a target to increase sales in China this year by 40 percent to 64,000 cars, which its dealers want scaled back, said a CADA official who declined to be identified. Porsche declined to comment.

The disputes are signs that the Chinese auto market is shifting gears from a period in which car makers and dealers scrambled to keep up with demand, to a new era in which China functions more like a mature market.

In 2013, the Chinese bought 492,000 Audis, 362,000 BMWs and 228,000 Mercedes, making the country an important battleground for the big German luxury brands.

But increasingly, Chinese drivers are more careful about prices and less willing than before to pay more than customers in other parts of the world. That means profit margins are lower, and dealers argue that they need bigger subsidies from the manufacturers to stay afloat.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产九九免费视频网站 | 亚洲国内精品 | 国产亚洲欧美在线播放网站 | 欧美久草在线 | 精品午夜寂寞影院在线观看 | 久草综合视频在线 | se就是色94欧美setu | 国产成人精品免费视频大 | 一区二区三区视频 | 亚洲六月丁香六月婷婷蜜芽 | 美国一级毛片片aa免 | 亚洲天堂精品在线观看 | 日韩欧美综合在线二区三区 | 日韩美女在线看免费观看 | 亚洲精品第一区二区在线 | 国产精品27页 | 亚洲 [12p] | 国产在线精品二区韩国演艺界 | www.av日韩| 日韩在线高清视频 | 久久成人小视频 | 亚洲九九视频 | 国产毛片精品 | 欧美一区二区日韩一区二区 | 国产欧美日韩综合精品一区二区三区 | 国产一区二区成人 | 日本 欧美 在线 | 中国美女一级黄色片 | 免费看国产精品久久久久 | 日韩三级视频在线观看 | 免费一区在线观看 | 久久久高清免费视频 | 欧美成人高清 | 日本一级特黄啪啪片 | 高跟丝袜美女一级毛片 | 在线a人片免费观看国产 | 成人免费网站视频www | 全部孕妇毛片丰满孕妇孕交 | 国产一区二 | 成人国产在线24小时播放视频 | 国产一区二区精品在线观看 |