Dear Members of Auto Components Working Group,
The European Chamber is delighted to invite you to join the Joint Chamber Automotive Breakfast Event: Future of Automotive Retail and Aftersales in China at 08:00-10:30 am, 20 April 2016 at the 6/F Rooms Mt Tai and Mt Lu DBS Bank Tower 1318 Lu Jia Zui Ring Road Pudong New Area Shanghai.
After years of explosive growth, OEMs and car dealers have come under pressure amid a slowing economy, stock market crisis, and widening graft probe, all which contributed to broadly weakening demand in China’s car market. As a result, vehicle inventories are at record highs while liquidity is at record lows. To exacerbate matters, overabundance of full-service 4s dealerships have led to significant inefficiencies and intra-brand competition. Disruptors such as online car dealers further threat the traditional business model. Despite the market challenges, most OEMs and dealer groups recognize the urgency of pressing on the offense by expanding into lower-tier cities and capturing market share in the first-and second-tier battleground cities. Additionally, as profitability of new vehicle sales decline, carmakers and their retailers must transform to focus more on after-sales services and used-car sales. Current retail formats in the digital age will need to be addressed. Finally, new regulations are changing the competitive landscape of the distribution and aftersales network. During China’s “new normal”, car companies must address current realities by transforming their business models.
Agenda:
8:00-8:30 am Registration
8:30-8:40 am Welcoming remarks/Polling
8:40-9:00 am Future Dealership Retail Format Study
9:00-9:20 am Analysis of the draft “Administrative Measures for Auto Sales”
9:20-10:10 am Panel Discussion: Auto Dealership of the Future in China
10:10-10:20 am Q&A Session
10:20-10:30 am Extended discussion and networking
Please kindly note that this meeting is only open to member companies that are involved in the manufacture of auto-components, machine tools for production of auto-components and automotive assembly lines.
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