AutoBeta(AutoBeta.net)03/22 Report--

Zhongsheng Group, China's second largest dealer group, reported that its operating income for the whole year reached 107.735 billion yuan, an increase of 24.9 percent over the same period last year, and its operating profit reached 9.923 billion yuan, an increase of 14.3 percent over the same period last year. Net profit reached 3.695 billion yuan, an increase of 6.3% over the same period last year.

Zhongsheng said it sold 412017 new cars in 2018, up 20.7% from last year. Among them, luxury brand sales reached 192557, accounting for 46.7% of the group's total sales, a further increase over the same period in 2017. In addition, in 2018, Zhongsheng Group's after-sales and boutique business income reached 14.514 billion yuan, an increase of 25.2% over the same period last year, accounting for 13.5% of the group's total revenue.

In 2018, Zhongsheng Group expanded its sales network, increasing the total number of its dealerships to 318, including 175 luxury brand dealerships and 143 high-end brand dealerships, covering 24 provinces, municipalities and autonomous regions, and nearly 90 cities. Currently represents luxury brands such as Mercedes-Benz, Lexus, Audi, BMW, Volvo, Jaguar Land Rover and Porsche, as well as mid-and high-end brands such as Toyota, Nissan and Honda.

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