Yongda Group was established in 1992, and its headquarters is in Shanghai. It is a national group company composed of various economic components. As one of the top 500 enterprises in China, Yongda is mainly engaged in automobile sales and service, home ownership and investment. Especially in the automobile sales and service industry, the reporter saw on its website that at present, 32 automobile sales stores have been set up in Shanghai, Fujian, Shanxi, Zhejiang and Jiangsu, and another five are under construction, with dozens of internationally renowned automobile brands such as BMW, Audi, Volvo, Saab, General Motors, Toyota and Volkswagen. The company also has driving schools, car rental chain stores, car inspection stations and used car companies. , take the lead in forming a complete automobile sales service industry chain such as learning to drive, buying a car, selling a car, renting a car, repairing a car and inspecting a car.
Zhejiang products Tong Yuan, China Automobile, Guangwu Automobile Trade and Jidong Material Trade are among the top automobile dealers in China.
In addition to Yongda, Zhong Da (600704) officially entered Tong Yuan, Zhejiang Province, which also means that Tong Yuan, Zhejiang Province, one of the most comprehensive automobile sales and integrated service integrators in China, has become a listed company. In 2007, Tong Yuan, a Zhejiang product, achieved an automobile sales income of145510 million yuan. At present, it has more than 60 automobile brand licenses and 127 automobile marketing service outlets (including 4S shops and after-sales service shops). "If used cars are added, Tong Yuan's sales have exceeded150 billion yuan, making it the largest car dealer in China. Informed sources revealed.
China Shengda Automobile Service Co., Ltd. (hereinafter referred to as China Shengda Automobile) is more like a myth in the field of automobile circulation. This company is a joint venture between Xinqiao Investment Group of the United States and Guanghui Group of Xinjiang, with its registered place in Guilin and its office in Shanghai. In 2006, it really made a difference. By controlling the largest car dealers in Henan, Anhui, Chongqing and Guangxi, these dealers bought local 4S stores at crazy prices and quickly completed the national expansion. It is reported that in order to expand, China Automobile will not hesitate to buy 4S stores at eight times the price.
Behind the large-scale M&A is China Automobile's strong desire to go public. According to the plan of its parent company, Guanghui Group, China Automobile will strive to be listed on 20 10 or 2010 to become an automobile service company. In the next three to five years, its sales revenue will reach 60 billion yuan, and its net profit will reach about1500 million yuan. The insiders believe that "this is a gamble before listing."