HONG KONG, Sept. 6, 2013 /PRNewswire/ -- China Yongda Automobiles Services Holdings Limited ("Yongda Auto" or the "Company" and, together with its subsidiaries, the "Group", stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, announced that Jaguar Land Rover, the world's top-notch luxury brand, will witness the grand opening of a brand new iconic 4S dealership store, Yongda Jaguar Land Rover Hunan 4S Dealership Store. The Yongda Jaguar Land Rover Hunan 4S Dealership is another official operating Jaguar Land Rover 4S dealership store under Yongda Auto.
The store is located at the Yuqiao Automobile City, Pudong district, which is immediately adjacent to the Hunan Road exit of Middle Ring Road and covers the entire southern part of Shanghai. Yongda Jaguar Land Rover Hunan 4S Dealership Store will provide Jaguar Land Rover users with comprehensive facilities, intimate service, convenient transportation, and strong technical merit, in order to offer honorable experience to owners of Jaguar Land Rover vehicles.
Jaguar Land Rover is a British automobile manufacturer possessing two top luxury car brands with a glorious history of Jaguar along with the high-end SUV brand Land Rover. As a brand standing for nearly a hundred years, Jaguar is committed to deliver a driving experience brought by "Beautiful and Fast Cars." On the other hand, Land Rover is globally recognized as the authority of four-wheel drive vehicles and it is the only automobile manufacturer garnered four British Royal honorary certificates. In 2012, Jaguar Land Rover marked a significant achievement in the China market by making China the world's largest Jaguar Land Rover market with sales up to 73,347 units. Since 2013, Jaguar and Land Rover have sustained the growth momentum and maintained a healthy and steady business development. As at the end of June, new vehicle sales volume of Jaguar Land Rover was 41,900 units, representing a y-o-y growth of 15%. With the opening of Jaguar Land Rover dealership at Hunan, this symbolizes the important network expansion of Jaguar Land Rover at Shanghai region, and also evidenced Yongda's strenuous effort in pushing the brand forward. Yongda will develop a closer strategic partnership with Jaguar Land Rover China to proactively provide assistance in prompting the brand to achieve rapid growth in China.
China's automobile market has continued its moderate growth during the first half of 2013. The sales growth rate rebounded as compared to the same period last year driven by factors such as the introduction of new models of vehicles to the market. According to McKinsey, the annual sale volume of passenger vehicles in China is expected to reach 2.25 million units by no later than 2016, ranking first in the global luxury and ultra-luxury passenger vehicles markets. As a leading passenger vehicle retailer and comprehensive service provider in China, Yongda Auto has built and maintained its strong and long-term strategic relationships with leading manufacturers of luxury and ultra-luxury passenger vehicles. The Group has continued to focus on luxury and ultra-luxury brands, enriched its brand portfolio and expanded its sales network. Currently, Yongda Auto has operated 120 outlets which are located across 3 municipalities and 34 cities at 10 provinces throughout in China with outlets commenced operation for over 10 luxury and ultra-luxury brands, which will surely bring strong driving forces to Yongda's future development.
