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Guanghui Automobile continues to top the list with a business income of 166.173 billion yuan in 2018, according to the official release of the Top 100 Automobile Dealer Group ranking in China. The second and third place are Zhongsheng Group and Lixing Motor, with operating income of 107.736 billion yuan and 82.996 billion yuan respectively.

The list of the top 10 has not changed, but the giant group has dropped five places compared with the previous year, and its operating income has decreased by more than 28 billion yuan. In addition, Rundong Automobile Group, which once ranked 23rd, did not appear in the top 100 list.

In addition to the top ten dealer groups mentioned above, there are Shanghai Yongda Group (69.518 billion yuan), Hengxin Automobile Group (54.136 billion yuan), Dachang Group (44.579 billion yuan), Guoji Automobile (44.253 billion yuan), Zhejiang Yuantong Automobile Group (43.208 billion yuan), huge Group (42.034 billion yuan), Jiangsu Wanbang Jinzhixing (40.079 billion yuan).

Guanghui Motor, the largest dealer group in the country, reported a total revenue of 166.17 billion yuan in 2018, an increase of 3.4 percent over the same period last year, and a net profit of 3.26 billion yuan belonging to the owner of the parent company, down 16.3 percent from the same period last year. Among them, "vehicle sales" was the main source of Guanghui Motor's business income last year, with revenue of 142.67 billion yuan, accounting for 85.9% of revenue.

Stores: as of the end of 2018, Guanghui Motor operated 839 stores, 47 more than at the end of 2017, including 777 4S stores, including 221 4S stores for luxury brands and ultra-luxury brands.

The 2018 results released by Zhongsheng Group, the second largest dealer group, showed that operating income for the whole year reached 107.735 billion yuan, an increase of 24.9% over the same period last year, while net profit reached 3.695 billion yuan, an increase of 6.3% over the same period last year. By the end of 2018, the total number of Zhongsheng Group dealerships had increased to 318, including 175 luxury brands and 143 high-end brand dealerships.

Li Xing Xing, one of the largest Mercedes-Benz passenger car dealers in the world, has considerable decision-making power and voice in Mercedes-Benz China. Lixing Motor achieved a business income of 82.996 billion yuan in 2018, with a total sales volume of 240000 vehicles.

There are big problems in the operation of large groups. In 2018, the operating income of the huge group reached 42.034 billion yuan, down 40.37% from the same period last year; the net profit belonging to shareholders of listed companies was a loss of 6.155 billion yuan, down 3003.23% from the same period last year.

Group personnel turmoil, but also sold some 4S stores to alleviate the financial difficulties. By the end of 2018, there were 806 operating outlets nationwide, 229 fewer than at the end of 2017. Among them, there are 563 4S stores.

It is worth noting that Rundong Automobile Group, which ranked 23rd last year, did not appear in the top 100 list, but according to Rundong Automobile 2018 performance report, it can be ranked more than 30. Rundong Motor sold 49583 new cars in 2018, down 33.8% from 2017; operating income was 12.7 billion yuan, down 33.5% from 2017, while net profit lost 1.52 billion yuan.

In fact, Rundong Automobile Group is already selling a large number of 4S stores. In April this year, Rundong Motor announced that it planned to sell 56 car dealerships for 3.4 billion yuan. After the completion of the transaction transfer, the number of car dealerships operated by Rundong Motor will be reduced to 29. Rundong also said that the cost of maintaining car dealerships is rising, and the profitability of the car sales business is negatively affected by these costs, so the sale will effectively bring cash inflows to the Group and support the operation and expansion of other businesses.

2019 Top 100 Chinese Automobile Dealer Group list:

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