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What does your credit score have to do with getting cheap car insurance quotes? The real scope on this is that most financial institutions rely on your FICO score which is a numerical representation of the items in your credit report. Most of us know that credit scores can affect the interest rates imposed on loans. However, we fail to recognize that insurance companies also rely on credit reports to assess insurance claims against them.

A reasonable basis for this is that there is a greater probability of drivers who have unattractive credit scores to file claims than those with better credit scores. Based on statistics, at least 40 percent of car insurance claims are from drivers with poor credit history. Even if you are a skilled driver but with poor credit record, local car insurance companies will still quote a higher amount on the premium. Yet people with several traffic violations especially DUIs and DWIs are most likely to still get unattractive insurance premium rates than cheap car insurance quotes.

The correlation between credit scores and car insurance claims has been a factor that determines the rates of the car insurance premium. This is what most institutions call as insurance risk rate which is their perceived notion that you will most likely to file a claim if you have bad credit scores. Because of this, it is safe to assume that cheap car insurance quotes are offered to individuals with high credit scores. Although it may seem unjust for most, nevertheless, getting a good score means you are more responsible in your finances and your way of living.  Read more...

Presently, there are over 30,000 auto distributors in China. Since the establishment of the first 4S shop of Guangqi Honda, there were over 10,000 auto 4S shops in China by the end of 2008. The number of Chinese auto 4S shops ranks the world Top.

With the intensified competition on Chinese auto market, the perfection of the sales and service channels is highly valued by auto enterprises for scale expansion. Though auto 4S shops require a large initial investment, they have become the main sales and service channel for Chinese auto manufacturers dependent on their terminal advantages of specializing in sales and service as well as building brand images. Currently, Chinese auto market gradually enters the mature stage with improving marketing concepts and maturing consumer psychology. After the prosperity for several years, Chinese auto 4S shops enter the adjustment stage with sharp profit decrease and intensified competition. Moreover, auto 4S shops of some brands even face crisis.

There are mainly two patterns for the collectivization of Chinese auto 4S shops at present. Firstly, horizontal development, also called multi-brand operating pattern. This is the most common pattern on the same regional market. This is because when auto manufacturers authorize their distributors, they would usually only give one sales network to a distributor in the same regional market considering the network security, distributor strength, management and control capacity of the same regional market. Secondly, vertical development, also called single brand operation. This usually emerges on different regional markets. This is much better than the first pattern, reducing problems faced in the collectivization process. It is easier to get familiar with brands to manage and operate 4S shops and auto manufacturers have fewer worries on network security. This complies with the demand of auto market development. In the coming years, the auto sales will transfer from the distributed pattern to the cluster pattern. Auto street and auto industrial park will become the mainstream sales patterns, setting up auto 4S shops collectively and planning uniformly to create the cluster effect.  Read more...

As China’s economic development promotes the upgrading of consumption, cars have become the daily necessities of ordinary people instead of exclusive luxury goods to the high-income group. Due to the financial crisis, the economic growth of global major economies including China slows down obviously. However, in China, the sustaining growth of the demand potential in the auto industry displays the growingly prominent role of this industry in the national economy. In 2009, China realized the auto sales volume of over 13 million, becoming the global largest new vehicle market for the first time. The role of the auto industry as the pillar of the national economy is unanimously recognized by Chinese governments at all levels. This lays a favorable policy foundation for the sustainable development of Chinese auto market in the future.

However, the situation of the auto market differs in different regions of China. On one hand, large gaps exist in the economic development levels of different regions. For example, in 2009, the GDP per capita was over USD 11,000 in Shanghai, almost ten times the USD 1,300 in Guizhou. On the other hand, the geography, climate and history culture also vary from region to region. The local unique culture features will be demonstrated more prominently in the auto markets of small and medium cities yet there are numerous small and medium cities in China; the scale of a single market is relatively small and the difference in culture & economy will be large. Thus, the auto distribution industry has to establish channel models and marketing modes in accordance with the situation of the markets.  Read more...

As a major part of the auto body, auto glass takes up about 3% of the gross mass of the vehicle. Auto glass is mainly used in the new vehicle manufacture market and the maintenance market. Therefore, the demand of auto glass is closely related to the production, sales and reserving volume of vehicles. In 2009, the sales volume of the global auto market reduced by about 4.2%. Influenced by the global auto demand decline, the growth rate of the global auto glass industry is slowed down. Nevertheless, the steady growth of the vehicle retain volume provides a huge development space for the auto glass after-sales market. The global auto glass market is highly monopolized. Asahi Glass – the world largest glass manufacturer – occupies over 1/4 of the shares on the auto glass market. Moreover, giants in the glass industry (Saint-Gobain, Nippon Sheet Glass, etc) also occupy a large part in the global auto glass market.

In 2009, Chinese auto production totaled about 13.79 million, rising by 48.30% YOY; the sales volume came up to 13.64 million with the growth rate of 46.15% YOY. In 2009, China surpassed USA for the first time to become the global Top market of new vehicles. China is one of the few markets in the world that maintain growth in the financial crisis.

With the high-speed development of Chinese auto industry, the demand volume in Chinese auto glass industry increases with the average growth rate of 20% annually. In 2009, the scale of Chinese auto glass market exceeded 70 million m2.  Read more...

The increasingly strict requirements of various countries on auto exhaust emission propel the development and production of auto oxygen sensors. In 2009, Chinese production and sales volume of vehicles totaled 13.79 million and 13.64 million, rising by 48.30% YOY and 46.15% YOY separately; both ranked the first globally.

However, different from foreign sensor industries, Chinese auto sensor industry does not have a complete industry chain. Chinese auto parts industry has begun to introduce foreign technologies and production equipment since the 1980s. However, parts produced by these technologies and equipment can only meet the requirement of small-batch and low-end auto models. As auto sensors are second-level parts for whole vehicles, they can only be used for the whole vehicle production in the form of systems. They will be imported along with electronic engine control systems to China. Chinese local oxygen sensor industry is on low technological level with insufficient market strategies. As a result, the sensor market for Chinese auto OEM production is occupied by transnational enterprises like Bosch and Denso.

Nevertheless, in the auto after-sales service (maintenance) market, many clients will choose oxygen sensors of small and medium enterprises considering the price and some other factors. Because of the application of universal plugs, a small variety of universal oxygen sensors can replace large quantities of original oxygen sensors.  Read more...