Dear Sir / Madam,
The European Union Chamber of Commerce in China (European Chamber), German Chamber of Commerce in China, and PricewaterhouseCoopers (PwC) jointly invite you to an automotive breakfast session to discuss the future of automotive retail and aftersales in China on Friday, 22 April 2016.
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.
Please join us for a discussion on what lies ahead in the automotive retail and aftersales industry!
Event Agenda
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8:00 – 8:30 am
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Registration
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8:30 – 8:40 am
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Welcoming remarks / Polling
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8:40 – 9:00 am
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Future Dealership Retail Format Study
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9:00 – 9:20 am
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Analysis of the draft “Administrative Measures for Auto Sales”
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9:20 – 10:20 am
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Q&A Session
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10:20 – 10:30 am
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Extended discussion and networking
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About Speakers:
Future Dealership Retail Format Study
PwC Management Consulting Partner, Jun Jin will talk about the results of a recent consumer study that PwC has conducted that would provide insights on how the automotive retail business will evolve in China.
Analysis of the draft “Administrative Measures for Auto Sales”
PwC Legal Partner Catherine Shen will share her perspective on the types of expected changes brought by the draft “Administrative Measures for Auto Sales” to the business models of auto distribution and provision of aftersales service in China.
If you are interested in joining this event, please RSVP on this page. For questions, please contact Ink Zheng at izheng@europeanchamber.om.cn
