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April 17, 2014
05:27 EDTLASLentuo International launches pre-owned car quality certification program
Lentuo International announced it has launched a quality certification program to support its growing Certified pre-owned car business and improve confidence and transparency in the pre-owned car industry. Effective today all of the company's mid- to high-end pre-owned cars will receive a complete technical inspection and analysis to ensure they have no significant frame or internal damage, are in excellent working order and meet or exceed generally accepted standards for a particular make and model. Only those cars that successfully pass this inspection will be offered for sale. This will provide much needed price transparency, increase buyer confidence and make financial institutions more comfortable in financing purchases and managing credit risk. These cars, labeled Lentuo Certified Quality will be sold through the O2O platform announced by the company on March 3, which will incorporate the company's flagship showroom in Beijing and additional pre-owned dealerships to be opened as the company expands geographically. Lentuo expects various substantial synergistic effects resulting from the build–up of this dedicated pre-owned car business. Among others, revenues from repair and maintenance should expand as the company will offer discounts to buyers of its certified pre-owned cars.
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October 14, 2014
07:04 EDTLASLentuo International announces update on dealership with BMW
Lentuo International announced that its BMW dealership in Gaobeidian, Hebei Province has been officially registered with the Gaobeidian Administration for Industry and Commerce. This will be the first premium dealership in Gaobeidian, allowing customers to purchase premium cars, and get them serviced, in Gaobeidian rather than travel to surrounding cities such as Baoding, Beijing and Shijiazhuang as they previously had to. The dealership, which should officially open during the Q3 of 2015, is expected to sell 250 new premium cars and contribute about RMB125M in revenue in 2015. The Company believes that the dealership will break-even by the end of 2015. Once stabilized, the dealership is expected to sell about 900 new premium cars and contribute over RMB400M in revenue annually.

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