More M&As to occur in China’s auto industry

2008-8-25 Beijing

The Chinese auto industry has reported declines in sales since March for the fifth months in a row. A polarization trend that strong auto dealers become stronger through acquisitions while weak ones become weaker has occurred in the sluggish market. Data show there are over 30,000 auto dealers and more than 10,000 franchisers in China’s auto industry. Industry analysts said the auto sales industry will see more and more mergers and acquisitions in future.