Internationally, the automotive aftermarket, which covers so many businesses as after-sale service, auto finance and used car trade, is the main source of profits on the entire automotive industry chain. Currently, China's car ownership has reached more than 85 million. The rise in car ownership has greatly promoted the development and growth of auto aftermarket in China.

With the pattern of 4S store, which covers sales, spare parts, after-sale service, etc., being introduced into China's auto market, the auto shopping mall and more than 10,000 brand dealerships become the main channels for sales and service of cars. China's auto market continues to expand with the competition being intense increasingly, which makes a set of car sales groups with powerful strength and strong anti-risk ability, such as Fairmont and Yongda in Shanghai, Zhongyida, Yuntong and Chonche Auto Service (Group) Corporation in Beijing, the Material Trading Group in Guangzhou and Yuantong Group in Zhejiang, begin to emerge. The number and size of these dealer groups keep expanding, and gradually extended their business chains to automotive supplies, car rental, used car business and other areas. With the maturing of China's auto market, the collectivization of dealers will become a trend.

Last year, China Automobile Dealers Association made a survey in nearly one thousand automotive dealers in combination with Sinotrust and found that about 46.4 percent of authorized brand 4S stores of passenger cars are under the dealer groups. At the same time, the car producers are paying more and more attention to improving services in the expansion of marketing channels, and transforming more hard targets into soft targets for the construction of 4S stores, namely, the unified service standards, service concept and service process.

In recent years, the scale of China's automotive after-sales service market continues to increase. In 2006, the size of automotive after-sales service market was RMB110 billion yuan, up 10.50 percent YOY; the growth rate was 13.64 percent in 2007; 8.80 percent in 2008; 16.91 percent in 2009 with the size reaching RMB159 billion yuan. Analyzing from the policy, market, development potential and other aspects, the Annual Report on Automotive Industry in China (2010) found that, in the "Twelfth Five-Year" period, China's automotive after-sales service market will maintain an annual growth rate of about 8 percent by a conservative estimate. The size of automotive after-sales service market is expected to be about RMB185.5 billion yuan in 2011 and reach up to about RMB252.3 billion yuan in 2015.


Contemporarily, the rapid growth of auto ownership has also injected new vitality for second-hand car market. In the 10 years from 2000 to 2009, the trading volume of second-hand car market rose from 251.7 thousand to 3.3386 million, an increase of 12 times. According to the prediction from China Automobile Dealers Association, the trading volume of second-hand cars this year is expected to reach 4 million. At present, second-hand car markets that are provided with certain size and relatively complete functions have grown to more than 600. In recent years, such operating models as used car brokers, used car auction and used car replacement have emerged in the market successively. The alteration of trading models provides new engines for the development of used car market in China.

The credit consumption concept has gone deep into the hearts of people, especially been accepted by many young consumers. China's automobile consumer loans accounted for about 10 percent in 2009, increased by 3 percentage points from that in 2007. In China's automobile consumer credit market, banks and auto financing companies are important participants. Bank of China, China Merchants Bank, Shenzhen Development Bank, CITIC Bank, ICBC and CCB have launched the automobile consumer credit business. Some car firms have also set up auto financing companies to promote the development of this business, e.g. Chery Huishang Bank Auto Finance Co., Ltd.

Currently in China, the auto insurance has accounted for a large proportion of the property insurance, car rental is heating up around the country, multiform car clubs have been founded in succession ... ... Industry experts said that to expand the automotive aftersales service market is the inevitable trend in the development of the automotive market. Either consumers' demands for the high level services, or the needs of businesses and dealers for further development, will further promote the sound development of China's automotive aftermarket.