HONG KONG, June 19, 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 the Zhengzhou Jaguar Land Rover 4S dealership store, Central Plain's largest Jaguar Land Rover 4S dealership store located in Zhengzhou, the capital city of Henan province, fully commenced operation.
Following Yongda Jaguar Land Rover Zhengzhou 4S dealership store's grand opening, the current number of official operating Jaguar Land Rover 4S dealership stores under Yongda Auto increased to seven, including Yongda Jaguar Land Rover Zhang Yang Centre, Yongda Jaguar Land Rover Longdong Centre, Yongda Jaguar Land Rover Jinmao City Exhibition Centre, Yongda Jaguar Land Rover Wenzhou City Exhibition Centre, Yongda Jaguar Land Rover Huzhou City Exhibition Centre, Yongda Jaguar Land rover Huzhou 4S dealership store and Yongda Jaguar Land Rover Zhengzhou 4S dealership store. In 2013, benefiting from a positive come-back in the economy and a strong demand in the domestic automobile market, Yongda Auto spurs the development of its 4S dealership stores, focusing on brands including Jaguar, Land Rover, Audi and BMW. Yongda Auto is expected to add 34 more 4S dealership stores, six of which will be high-end automobile dealerships. The commencement of the Yongda Jaguar Land Rover 4S dealership store in Zhengzhou does not only enhance Yongda Auto's corporate strategy to expand its high-end brands, it also improves Yongda Auto's sales network in the second and third tier cities in Central and Eastern China.
Jaguar Land Rover is a British automobile manufacturer adjoining two top luxury car brands. With a glorious history of Jaguar along with the high-end SUV brand Land Rover, Jaguar Land Rover has become the modern high-end fashion symbol with its meticulous design, advanced technology and outstanding performance. 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 a sales up to 73,347 units. As a franchised dealership authorized by Jaguar Land Rover China, the Yongda Jaguar Land Rover Zhengzhou 4S dealership store, the largest Jaguar Land Rover 4S dealership store within Henan province, provides all Jaguar Land Rover models. Abiding to its globally established standards, Jaguar Land Rover provides its customers with the most high-end and professional service.
As a leading distributor for professional automobiles, Yongda Auto carries an extensive dealership network. In 2013, Yongda Auto speeds up its dealership expansion and brings in a number of Porsche, Jaguar Land Rover, Audi and BMW 4S dealership stores. These new stores will not only meets the growing market demand for luxury automobiles and ultra-luxury automobiles but will also contribute to Yongda Auto's profit growth. In Macquarie's recent research report, based on the rapidly growing automobile consumer groups in 2012, Yongda Auto maintained a strong growing trend with a 35% increase in its after-sales service business revenue in 2012. Along with its development in newly added dealership stores and its rapidly growing car sales and high profit margin after-sales service business; these progresses together will drive Yongda Auto's profit growth exponentially in the future.
About China Yongda Automobiles Services Holdings Limited
Yongda Auto is a leading passenger vehicle retailer and comprehensive service provider in China focused on luxury and ultra-luxury brands. Yongda Auto has a strong brand portfolio of luxury and ultra-luxury brands including BMW, MINI, Audi, Porsche, Jaguar, Land Rover, Infiniti, Cadillac, Volvo and Bentley. It operates and has obtained manufacturer's authorizations to open a total of 106 outlets. Its network has a strong presence in East China, including Shanghai, and has expanded into other regions in China. In addition to new passenger vehicle sales business, Yongda Auto also provides customers with a comprehensive range of automobile-related services through its "one-stop shop" approach. These include after-sales services, automobile rental services, as well as a wide array of services that it offers in connection with pre-owned vehicles, automobile insurance products, and vehicle inspection etc.
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Porda Havas International Finance Communications Group
| Ms. Kelly Fung | Phone: +852 3150-6763 | kelly.fung@pordahavas.com |
| Ms. Angie An | Phone: +852 3150-6736 | angie.an@pordahavas.com |
| Ms. Kannie Lam | Phone: +852 3150-6721 | kannie.lam@pordahavas.com |
| Fax: +852 3150-6728 |
