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Shanghai Baozen Second-hand Vehicle Center Embraced Grand Opening

The Largest Nation-wide and Shanghai's First BMW Premium Selection Second-hand Vehicle Centre

HONG KONG, April 29, 2014 /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, is pleased to announce that the nation-wide largest independent second-hand vehicle center, which is also the first one in the eastern area of Shanghai -- Shanghai Baozen second-hand vehicle center officially commenced operation. The grand opening of Shanghai Baozen second-hand vehicle center is an opportunity for Yongda Auto to provide the most relaxing and convenient service experience to customers, who could realize their dreams of purchasing luxury vehicles ahead their schedule. Meanwhile, it is also the nation-wide largest, and the first BMW Premium Selection Second-hand Vehicle Centre set up by Yongda Auto in Shanghai.

As a model embodying the world's leading global luxury vehicle manufacturer, BMW has always been committed to promoting the development of high-quality luxury brand second-hand vehicles. In 2003, BMW created the first BMW Premium Selection second-hand vehicle brand in the world, and had been implementing the unified second-hand vehicle authentication standards as well as the strict management processes for vehicle maintenance. Leveraging its supreme industry execution standards that surpass peers' level and comprehensive pre-purchase and after-sales services, BMW Premium Selection second-hand vehicle business takes lead in luxury vehicle brands in China, in terms of both brand awareness and sales volume.

Shanghai Baozen Second-hand Vehicle Center focuses on four areas of business, which are sales, good-quality buyback service, replacement service and after-sales service of BMW Premium Selection and MINI authenticated second-hand vehicles. It provides customers professional and reliable services of buyback assessment, auto financial loans, financial leasing, consignment, authentic accessories and annex sales services for BMW and MINI second-hand vehicles. The center is more than 10,000 square meters in size and has a full-time and professional team composed of talents specialized in purchasing, sales, after-sales services and customer relationship management. The center's advanced testing devices and enormous database of second-hand vehicles could provide convenient and tailor-made auto testing and trading service to customers.

Shanghai Baozen Second Hand Vehicle Centre is a BMW authorized independent second hand vehicle center, with a lot of boutique models of BMW available and all of them had passed BMW's stringent authentication standard which has up to 100 criteria. In this center, customers could choose to replace their vehicle or purchase the BMW Premium Selection directly. The center is equipped with the most professional staff and most advanced technical facilities. By ensuring the quality of each stage from source of vehicle to after-sales through a precise work manner and the highest standards, the center offers every customer the best experience of vehicle selling, replacement and purchasing. 

The mainland market of second hand vehicle has a great potential, with a possibility much higher the growth rate than new vehicles in the future. Since the introduction of BMW second hand vehicles business in the China market, the BMW Premium Selection had recorded a sales volume of 53,000 vehicles by the end of 2013, and the BMW Premium Selection business is also recognized and trusted by Chinese customers through the provision of professional and comprehensive pre-purchase and after-sales services. Yongda Auto had set up the BMW Premium Selection business at its first BMW 4S store in Shanghai early in 2005, accumulated a solid business experience and gained a prestige word-of-mouth in the market throughout the years. To better satisfy the strong demand of the fast growing luxury second hand vehicle market in mainland and provide plentiful choices of BMW second hand vehicles for consumers, Yongda Auto will continue to work further and seamlessly with BMW China, and strengthen the sales network of BMW Premium Selection in the territory. In the future, with Yongda's BMW Premium Selection further expand its reach in China, Yongda Auto will set the benchmark for second hand vehicle industry and bring to numerous second hand vehicle lovers more diversified products.

Source: China Yongda Automobiles Services Holdings Limited
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