Hong Kong Stock Observer

Zhongsheng Auto (HK:0881) China's largest dealer of luxury cars with approximately 8.1% market share as of the end of 2020, made three important disclosures in the last week that merit the attention of investors eyeing China's auto sector. The first was Zhongsheng's disclosure about new car sales for the second quarter of 2021 and the first half of 2021, available at this link: https://en.zs-group.com.cn/u/cms/en/202107/05094915aaxg.pdf To summarize, Zhongsheng, a major distributor of Mercedes, Lexus, BMW, Audi, and several other major luxury brands, disclosed aggregate unit sales. At the end of 2020, Zhongsheng operated 373 dealerships, of which 218 were luxury dealerships that are primarily located in tier 1 and tier 2 cities and provincial capitals.  To highlight in the second quarter 2021: Total new car sales volume was 143K, up 15% from the same period last year.  Total luxury car sales volume was 84K, up 21% from the same period last year. For the 1st half, Zhongsheng