BETHESDA, Md. – August 10, 2020 – The latest edition
of Market Insights with Mike focuses on current aftermarket trends
taking place in China. As the world’s second largest economy and one that has
demonstrated rapid economic growth in recent decades, the Auto Care Association
conferred with Haisheng Chen, chief editor, AC Auto (a division of AC Qiche), a
Shanghai-based business consulting specialist focused on the automotive retail
and service sector, as well as Steve Ganster of YCP Solidiance, an Asia-focused
strategy consulting firm, to learn more about consumer trends related to driving,
maintenance and vehicle purchase.
While many trends in China parallel those observed in the
United States, nuanced differences exist. This edition compares data on
pandemic travel trends; repair shop trends; consumer behavior and repair shop
expectations; and vehicle sales.
Like the United States, the Chinese automotive industry is
watching COVID-19 caseloads, business reopening patterns and consumer behavior
across its geographic regions. Use of internet technology has led to the
emergence of new entrants to the supply chain, creating a disruption of sorts.
Time will tell if these new businesses will hold their niche of the market, as
well as if consumer behavior and expectations from service providers “sticks.”
To read the full analysis, click
About Market Insights with Mike:
Market Insights with Mike is a series
presented by the Auto Care Association’s Director of Market Intelligence, Mike
Chung, that is dedicated to analyzing market-influencing trends as they happen
and their potential effects on your business and the auto care industry.