Japanese used-car giant Gulliver enters Chinese market
Japanese used-car giant Gulliver enters Chinese market
Gulliver Group (China), a division of Japanese used-car giant retailer, was launched in Shanghai to August 18, according to media reports from Shanghai.
This marks the further expansion of foreign companies into China’s auto retail sector.
As Japan’s largest, and world’s second largest, used-car dealer, Gulliver posted its sales revenue at $1.76 billion in 2007.
“We are very optimistic about the prospects of China’s used-car market, and our Chinese operation is moving forward steadily,” said an executive of Gulliver China. American company Manheim. The world’s largest provider of a joint for used-car auctions. The venture, Manheim BAI, specializes in the wholesale of used vehicles by operating on a B2B platform.
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