Deloitte Launches China Dealership
HONG KONG - Deloitte's Motor
Industry Services (DMIS) group in Hong Kong has launched the
industry's first China luxury and non-luxury operational
Mr Vincent Liew, CEO of the Asian
operation of DMIS, said that although China's car imports
increased by 53% in the first half of 2008, actual passenger car
sales growth slowed to 6% in August and about 2% in September.
This is the weakest level in two years, according to a survey
conducted by China Economic Review Publishing.
"The 2008 growth forecast for the
mainland auto market is 10%, down from the 2007 growth rate of
15%. Factors such as the recent increase in sales tax on large
vehicles, the economic slow-down and increased brand competition
mean dealers need to manage their dealerships effectively for
long-term success. Deloitte's Motor Industry Services group is
advising various dealerships on how to increase their
operational performance by effectively managing the factors
within their control," Mr Liew said.
For the recently published
benchmark results, please visit:
"These figures represent 'best
practice' as identified in the industry for a mature market and
for dealerships across China. They represent the top 30% of
dealerships, which are then crossed referenced with our
experience and knowledge of the Chinese market," added Mr Liew.