HONG KONG, March 14, 2014 /PRNewswire/ -- China Yongda Automobiles Services Holdings Limited ("Yongda Auto" or the "Company" and, together with its subsidiaries, the "Group", stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, is pleased to announce the grand opening of its Kunshan Jaguar Land Rover 4S Centre - the first brand new Jaguar Land Rover 4S dealership store with the pure lineage of England. The opening of Kushan Jaguar Land Rover 4S Centre is an important move for Jaguar Land Rover to explore the second- and third-tier cities in East China. It is also another Jaguar Land Rover 4S centre that Yongda Auto has launched in the Eastern China region.
Kunshan is located at the southeastern part of Jiangsu Province, connecting the most developed two cities in China-Suzhou and Shanghai. As Kunshan's first Jaguar Land Rover 4S centre that employs the latest global CI standard, the grand opening not only indicates that Yongda has established a professional and high-end Jaguar Land Rover experience center, which will bring world-class British luxury car service experience to local and neighboring customers, but also evidenced Yongda Auto's active coordination with Jaguar Land Rover's development policy in China and contribution to the economic development of Kunshan.
In 2013, Jaguar Land Rover has achieved steady growth in Chinese market. Mr. Gao Bo (Bob Grace), President of Jaguar Land Rover China, remarked, "2013 is the year of glory for Jaguar Land Rover. Based on a series of products with advanced technology, Jaguar Land Rover gained all round harvest in the Chinese market, delivering more than 95,000 cars with an increase of nearly 30% year-on-year. This year, Jaguar Land Rover will adhere to the "customer first" business philosophy, further committing to product research and development, and strengthening the infrastructure construction and regional dealership network development." This time, the grand opening of Yonda Jaguar Land Rover Kunshan 4S center is another strike of Yongda Auto to continuously focus on the luxury and ultra-luxury brands, and to actively expand the luxury and ultra-luxury automobile dealership network. It is also an important move for the company to enlarge and strengthen the Jaguar Land Rover brand.
As China's leading professional passenger vehicle retailer, Yongda Auto continuously attaches great importance to the company image, always maintains and develops long-term stable strategic cooperative relations with luxury and ultra-luxury car brand manufacturers, continue to focus on the luxury brand's expansion strategy, and focus on luxury and ultra-luxury brands in the long run, such as Jaguar Land Rover, Bentley, Porsche, BMW, Mini, Audi, Volvo, Infiniti, Cadillac etc. Currently, Yongda Auto has obtained manufacturers' authorizations to open and operate more than 131 outlets throughout China's three municipalities and 34 cities in 10 provinces. In 2013, China has become the first country to realize more than 20 million units of car sales in the world, ranking first for five consecutive years. Among them, the sales of passenger vehicles have reached approximately 17.9289 million units, while the luxury car market has shown a rapid growth trend. In the future, with the mounting demand for luxury cars, the luxury brand sales network will provide long-term growth momentum for Yongda Auto's business performance.