Recently, Shenzhen Yuanzheng Chain launched its "Automotive Aftermarket Service" in Hangzhou, marking a significant move into the local market. Industry experts suggest that this development could shake up the existing competitive landscape of Jiangcheng's automotive after-sales service sector. The automotive aftermarket encompasses a wide range of services, including vehicle customization, maintenance, and spare parts supply. It is often referred to as the "biggest cheese" in the automotive industry due to its high-profit potential. In Europe and the United States, the aftermarket sector accounts for as much as 80% of the total profits in the automotive industry, far surpassing the profits from new car sales—sometimes even four times higher. However, in China, the auto aftermarket is still in its early stages, having only begun to gain momentum a few years ago. Many businesses are currently operating as small-scale workshops, but the market shows immense growth potential. Industry insiders believe that the emergence of large-scale automotive after-sales service supermarkets could significantly reshape the market dynamics. These new players are expected to bring more efficiency, better service quality, and greater competition, which may force traditional service providers to innovate or risk being left behind. With the increasing demand for vehicle maintenance and customization, the Chinese auto aftermarket is poised for rapid expansion. As more companies enter the space, consumers can look forward to more choices and improved services in the coming years. Source: Auto Parts Business Website Editor

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