HONG KONG, Sept. 23, 2011 /PRNewswire-Asia/ -- China ZhengTong Auto Services Holdings Limited ("ZhengTong Auto" or the "Company" and, together with its subsidiaries, the "Group", Stock code: 1728), a major premium branded 4S dealership group in China, expects nearly 90% profit out of the year is generated from the sales of premium brands.
In August 2011, the Company has sold over 3,500 automobiles, representing an increase of 60% compared to the corresponding period last year. The number of automobiles sold in all premium branded dealership stores was 2,000, representing a surge of 110% from the previous year. The volume of after-sales service has increased 60% compared to the corresponding period last year, of which the volume of after-sales service of premium branded automobiles has surged 144% compared to the corresponding period last year.
About China ZhengTong Auto Services Holdings Limited
ZhengTong Auto is a major premium branded 4S dealership group in China focusing on premium brands such as BMW, MINI and Audi and Land Rover. In addition to the premium brand dealership, the Company also operates dealership stores for ultra premium brands such as Porsche, and mid-range market brands such as Nissan and Honda. The Company operates 30 4S dealership stores and 5 urban exhibition halls covering 15 cities in China, which provides them with strong presence in large, established automobile markets in both affluent as well as rapidly developing regions. Each of the dealership stores is a 4S dealership store that integrates four principal automobile-related businesses: sales, spare parts, service and survey, and offers a broad range of sales and services.
Issued by Porda Havas International Finance Communications Group for and on behalf of China ZhengTong Auto Services Holdings Limited.
