FADA Delegation Visits China Commercial Vehicle Show in Wuhan

A 4-Member FADA delegation comprising Mohan Himatsingka, President; Kailash Gupta, Past President; Prem Bagga, Council Member; and Gulshan Ahuja, Secretary General, participated at the China Commercial Vehicle Show in Wuhan, China on the invitation of Organising Committee which was organised from October 30 to November 2, 2013. The expo showcased the rapid strides made by the Chinese automotive industry, especially in commercial vehicle space.

The delegation members also took an opportunity to visit a few automobile dealerships in Wuhan. It emerged loud and clear from interaction with the managers at the automobile dealerships that auto retail practices are by and large the same.  High inventory levels and discounting are virtually the norms and the automobile dealerships sustain on incentives, after-sales services and finance & insurance incomes. While the dealer margin in China, on an average, is 5-6%, the net margin retained is around 2%.

 

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