Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

 Search News  Or
Chinese Porsche dealer starts market expansion

Feb. 23, 2012 (China Knowledge) - Jebsen Group, a leading Chinese dealer of luxury sports car Porsche, has announced plans to spend RMB 468 million or US$74.37 million on domestic market expansion over the next two years.

According to the plans, the company is scheduled to open four outlets in Beijing, Shanghai, Hangzhou and Shenzhen by the end of 2013, as well as double the size of its existing auto gallery in Hong Kong and remove another store in Macau for a larger place within four months.

Last year, Jebsen sold 6,662 Porsche, accounting for 27% of the total Porsche sales in Great China.

Porsche SE, the German-based luxury sports car maker, currently has about 40 distributors, including Jebsen, in China and intends to open its first regular chain in Beijing next year, also the city's fourth Porsche store.

China saw a strong demand in luxury car industry with sales growth exceeding 40% in 2011, compared with an increase of only 2.45% in the country's passenger vehicle market, said analysts.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved