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: 午夜视频在线观看一区 | 99在线观看视频免费精品9 | 国产精品久久久久久久久久直 | 久久久久久尹人网香蕉 | 国产精品免费大片一区二区 | www.99精品| 欧美激情久久久久久久久 | 做爰成人五级在线视频| 最新国产精品亚洲 | 另类欧美视频 | 欧美激情综合亚洲一二区 | 精品国产一区二区三区国产馆 | 九九久久国产精品 | 二区国产| 日韩国产精品欧美一区二区 | 久草在线视频新时代视频 | 国产一在线 | 免费一级成人免费观看 | 成人免费毛片视频 | 日本免费特黄aa毛片 | 亚洲高清在线视频 | 精品成人久久 | 国产日韩一区二区三区 | 日韩在线二区全免费 | 特级毛片免费视频播放 | 中文在线com| 久久青草国产手机看片福利盒子 | 99在线视频免费观看 | 日本不卡免费高清一级视频 | 久久精品一区二区三区日韩 | 国产美女一区二区在线观看 | 国产精品自在自线 | 在线观看一二三区 | 美美女高清毛片视频黄的一免费 | 欧美精品日日鲁夜夜添 | 新久草视频 | 亚洲自拍在线观看 | 久草新| 自拍第1页 | 日本a v 黄| 理伦毛片 |