Why the 2015 China auto parts retail market was set to grow
Abstract
On 18 September 2014, ten ministries led by the Ministry of Transport jointly issued the Guiding Opinions on Promoting the Transformation and Upgrading of the Auto Repair Industry and Improving Service Quality; a survey cited shows 70% of companies viewed the document as favourable to the industry. In the following months, projects such as SAIC's A-station and Bosch Car Service went live, and the article expected more moves in 2015 as vehicle manufacturers, parts giants and foreign consortia entered the market, with online-offline integration across the traditional industry, internet and insurance sectors.
The Guiding Opinions focused on parts coding, comparable-equivalent parts, standardisation, quality inspection, chain operation and O2O e-commerce; the article expected these policy-driven areas to become high-growth breakthroughs for China's auto parts retail market in 2015.
Key facts
- Policy: on 18 September 2014, ten ministries led by the Ministry of Transport issued the Guiding Opinions on auto repair industry transformation
- Industry view: 70% of surveyed companies viewed the document as favourable
- Focus areas: parts coding, comparable-equivalent parts, standardisation, quality inspection, chain operation, O2O e-commerce
- New entrants: vehicle manufacturers, parts giants and foreign groups; online-offline integration expected to reshape the landscape
- Source per article: China Automotive News
The original article is in Chinese; see the Chinese version for the full text. This page provides the English title, abstract and key facts only — translated and compiled from the original, without full verbatim translation.