China # 39; Luxury car market (22/04/13)
Last year, the number of cars in China rose 8 6 5 2 million units.
Used vehicles only account for 19 1 for total car sales in China, against 72 4 U S.
The Chinese used car market is opaque, with smooth-talking salesmen and a wide range of prices.
Local pilot warns against security problems with used cars.
Would you buy a used car from Li Tian You You do not probably have a choice of more than 10 years she has been selling used cars in Dongguan, a factory town in southern China, and she knows all trick in the book.
I've already sold four cars today No, five, said she guides us through the opportunity Dongguan Trading Center, which sells mainly Western and Japanese cars.
Now she is looking to score his sixth sale of the day.
This Volkswagen is very good, she said as she opened the door to a Jetta sedan 2006, starts the engine and offers me a Chinese pop music hard seat starts pumping sound system.
He had only one previous owner, it continues, and to me so I know it's a good buy, I promise you.
Asked about the price, it immediately shaves 15 - just for me - at RMB 68000 10900, and continuous field.
Volkswagen is very safe This is the best car if you have a family.
But if you want to find a new girlfriend, you buy a Mercedes-Benz, she said with a wink.
It s not only in Dongguan Trading Center Used Cars is booming across the country all large and small car markets are emerging in response to the growing demand.
used cars used to be difficult to sell in China possess is associated with settling for less but things change quickly that drivers realize they can get a decent car for a reasonable price when buying second hand.
Last year, the number of cars in China rose 8 6 5 2 million units, while sales rose 10 6-291000000000 RMB, according to the industry in automobile distribution China and automotive after-sales report.
There's plenty of room for further growth Today, vehicles only represent 19 1 total volume of China's car sales, against 72 in the US 4.
Nasdaq China Auto Logistics, which buys and sells imported cars, identified the used car as a high growth market in the long term, it is transforming a newly acquired car center, 26000 square meters in Tianjin a flagship site for its Enterprise used car.
the sales used cars have become much bigger share of the cake auto sales in China, and we see a major opportunity for cars King Tianjin in the coming years, said CEO Tong Shiping in a statement this month -ci referring to China Auto Logistics store used car headlight.
Liu Xiao Mei, CEO Antong Used vehicles in Dongguan, says business has been good during the last decade that Chinese drivers upgrade more and more new cars and sell their elders.
When we started the company in 2004, it was a small store, but grew larger and larger things look bright, Liu said.
His company focuses on used cars upscale and has over 100 gleaming vehicles in the parking lot Today, she has an incredible offer, a new Mercedes-Benz E260 almost brand that ran only 100 km not more than RMB 438,000.
The previous owner lost all his money at the casino in Macao and had to sell, he never had the chance to drive, she said, and slashes prices by another RMB 18,000 in the hope that I will buy.
What makes our company different from all others is that we promise that our customers get the perfect car, she said we to enter my office.
It is difficult to put aside the used car salesmen of stereotypes having a relationship with the truth during our quest to buy a used car in China, we found that the market is quite opaque.
First, it is extremely fragmented markets Some used cars are as large as football stadiums, packed with countless dealers and brands of varying quality but more often, shops are tiny, with only a few cars parked on the roadside.
Often there are no staff manning the shops Customers must call a phone number and usually - but not always - a seller runs.
The market is young, the price comparison is difficult, a number of applications and peer-to-peer mobile sites have been launched to serve as a reference for the price, but find accurate and consistent information is still a problem which makes it easier for dealers to grow their margins.
A greater concern is that much of used cars offer have a road accident record The first thing many car dealers in Dongguan costumers say is this car has not been in an accident or that -ci was involved in an accident, but is quite safe now.
Vincent Yin, a businessman aged 30 Dongguan is to get your car worth Antong used cars, said the purchase of cars in China is a gamble.
Most cars are old cars very poor sometimes a superficial facelift with new paint to hide the rust and scratches How they look inside is difficult to know that I never trust a car dealership.
Yin is particularly wary of cars that have been made by the Chinese brands as they have a reputation for being dangerous.
I think Chinese cars often don t pass the test NCAP Chinese automakers hate this test, Yin said, referring to the new car assessment program, the European crash test car safety.
The first time a Chinese car won five full stars in the test was at the end of 2013, was a Qoros 3 compact sedan.
Yin advice to anyone buying a used car is to visit the market, check prices online and ignore the salespeople.
If you have friends in the police force, ask them to check Then you give the dealer an offer of car accident report, he said.
With the market growing inside China used cars, China booming, used.