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	<title>AIM Group &#187; Asia</title>
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		<title>Real Estate Channel, Juwai, bring Chinese home buyers, Canadian agents together</title>
		<link>http://aimgroup.com/2013/05/17/real-estate-channel-juwai-bring-chinese-home-buyers-canadian-agents-together/</link>
		<comments>http://aimgroup.com/2013/05/17/real-estate-channel-juwai-bring-chinese-home-buyers-canadian-agents-together/#comments</comments>
		<pubDate>Fri, 17 May 2013 15:35:29 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[World news releases]]></category>
		<category><![CDATA[juwai]]></category>
		<category><![CDATA[The Real Estate Channel]]></category>

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		<description><![CDATA[
    &#160; More Canadian Real Estate Agents to Target Chinese Buyers via Real Estate Channel Deal with Juwai.com &#160; (Shanghai, China) – Canadian real estate professionals can now market their listings to Chinese buyers automatically from within a popular industry marketing solution. This results from an exclusive partnership between Canada&#8217;s only real estate television network, Real [...]]]></description>
	
    			<content:encoded><![CDATA[<p>&nbsp;</p>
<h3><b>More Canadian Real Estate Agents to Target Chinese Buyers via Real Estate Channel Deal with Juwai.com</b></h3>
<p>&nbsp;</p>
<p>(Shanghai, China) – Canadian real estate professionals can now market their listings to Chinese buyers automatically from within a popular industry marketing solution. This results from an exclusive partnership between Canada&#8217;s only real estate television network, Real Estate Channel and the No. 1 Chinese international property portal Juwai.com.</p>
<p>Chinese are the world’s fastest-growing property buyer demographic. Chinese buyers spent US$28.7 billion on residential property around the world in 2011. And statistics show their increasing interest in Canadian property:<a title="" href="file:///C:/Users/Sharon/Downloads/d7a48c993006530645cd021bcea42608.docx#_edn1">[i]</a></p>
<ul>
<li></li>
<li style="display: inline !important;">In Montreal, 50% of the market for luxury single-family homes consists of foreign buyers, primarily from China and other nations.</li>
<li>In Vancouver, 40% of such purchases are made by Chinese and other international buyers.</li>
<li>In Toronto, 25% of such purchases are made by Chinese and international buyers.</li>
</ul>
<p><b> </b><b>How It Works</b></p>
<p>Under the terms of this new partnership, The Real Estate Channel’s real estate agent customers will see their properties automatically listed on Juwai.com. Juwai.com is now the exclusive Chinese real estate portal for The Real Estate Channel and its customers.</p>
<p>The partnership will help Canadian property owners obtain better prices for their homes, and sell them more quickly.</p>
<p><b>Rapid Growth in Chinese Buyers</b></p>
<p>Chinese buyers make up the fastest growing real estate buyer group in countries in the Americas, Europe, Asia, Africa, the Middle East and the Pacific. They spent US$7.2 billion on overseas property in 2009. This is projected to climb to US$114 billion by 2015.</p>
<p><b>CEO Quotes</b></p>
<p>Leon Ng, Founder of The Real Estate Channel, said: &#8221;Real estate agents have been asking us to make it easy for them to market to the Chinese buyers who are so active in Canada today.</p>
<p>“This partnership with Juwai.com enables us to significantly increase an agent’s chance of selling property more quickly and at a higher price.</p>
<p>“As long as they are Real Estate Channel customers, they get that benefit without having to do anything new. They will be able to tap a huge market with no extra effort.”</p>
<p>Juwai.com Co-Founder Simon Henry said: “We are delighted to work with The Real Estate Channel to make it easy for real estate agents to reach our high-net-worth Chinese users.</p>
<p>“This is good news for Canadian home owners. It means they can be confident that agents working with The Real Estate Channel will sell their homes as quickly and for as much as is possible.</p>
<p>“Canada is always a popular destination for our users. We see it in the search statistics.</p>
<p>“Chinese buyers have a voracious appetite for overseas property investments. One-third of Chinese millionaires have assets in Canada and other overseas countries.<a title="" href="file:///C:/Users/Sharon/Downloads/d7a48c993006530645cd021bcea42608.docx#_edn2">[ii]</a> And, this pool of wealthy buyers will expand at a 20 percent compound annual growth rate over the next three years<a title="" href="file:///C:/Users/Sharon/Downloads/d7a48c993006530645cd021bcea42608.docx#_edn3"><sup><sup>[iii]</sup></sup></a>.”</p>
<p><b> </b><b>About Juwai.com</b></p>
<p>Juwai.com is China’s No. 1 international property portal and the top ranked Chinese language portal in Hong Kong and Singapore. Juwai.com empowers Chinese consumers to make informed purchase decisions, and helps real estate agents grow their businesses by accessing the world’s fastest-growing buyers of international property. Juwai.com is headquartered in Shanghai, with additional offices in Hong Kong. For info or to advertise: <a href="http://www.juwai.com/advertise">http://list.juwai.com</a></p>
<p><b>About The Real Estate Channel</b></p>
<p>With more than 4 million viewers, the Real Estate Channel is Canada&#8217;s largest real estate TV network. The Vancouver B.C. company also operates <a href="http://www.realestatechannel.ca/">http://www.realestatechannel.ca/</a> property portal. It syndicates its customers listings to Juwai.com for Chinese buyers, and also via trovit, youku.com, YouTube, Facebook and Twitter.</p>
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<p><a title="" href="file:///C:/Users/Sharon/Downloads/d7a48c993006530645cd021bcea42608.docx#_ednref1">[i]</a> Sotheby’s International Realty Canada, http://mwne.ws/12pUxmA.</p>
</div>
<div>
<p><a title="" href="file:///C:/Users/Sharon/Downloads/d7a48c993006530645cd021bcea42608.docx#_ednref2">[ii]</a> 2012 Hurun Wealth Report, via <a href="http://www.forbes.com/sites/kenrapoza/2011/06/20/where-rich-chinese-are-buying-real-estate/">Forbes</a>.</p>
</div>
<div>
<p><a title="" href="file:///C:/Users/Sharon/Downloads/d7a48c993006530645cd021bcea42608.docx#_ednref3">[iii]</a> <i>Report on Private Banking in China 2012</i>, a joint study conducted by China Minsheng Bank and McKinsey &amp; Company.</p>
</div>
</div>
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		<title>CarSales to take 20% stake in ICar Asia</title>
		<link>http://aimgroup.com/2013/03/15/carsales-to-take-20-stake-in-icar-asia/</link>
		<comments>http://aimgroup.com/2013/03/15/carsales-to-take-20-stake-in-icar-asia/#comments</comments>
		<pubDate>Fri, 15 Mar 2013 12:29:48 +0000</pubDate>
		<dc:creator>Don Gasper</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Automotive]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=33549</guid>
		<description><![CDATA[
    Carsales.com Ltd, the Australia-based classified company that offers automotive and general merchandise listings, is acquiring a 19.9 percent strategic stake in ICar Asia Ltd., owner of a network of automotive portals in ASEAN, the two companies announced yesterday. The companies have forged a strategic partnership, with the Australian company investing A$13.4 million ($13.9 million U.S.) [...]]]></description>
	
    			<content:encoded><![CDATA[<p>Carsales.com Ltd, the Australia-based classified company that offers automotive and general merchandise listings, is acquiring a 19.9 percent strategic stake in ICar Asia Ltd., owner of a network of automotive portals in ASEAN, <a href="http://www.proactiveinvestors.com.au/companies/news/40843/icar-asia-snares-134m-investment-from-carsalescom">the two companies announced yesterday.</a></p>
<p>The companies have forged a strategic partnership, with the Australian company investing A$13.4 million ($13.9 million U.S.) in ICar Asia and receiving the right to have a representative on its board. The deal values ICar Asia at about $70.2 million U.S.</p>
<p>ICar Asia has operations in Thailand, Malaysia and Indonesia, reportedly reaching 1.5 million people every month. Its brands include ThaiCar.com and Autospinn.com in Thailand, Carlist.my and LiveLifeDrive.com in Malaysia and Mobil123.com in Indonesia.</p>
<p>Its chairman, Patrick Grove, said he was looking forward to working with the Carsales team to continue to accelerate ICar Asia’s growth.</p>
<p>Carsales CEO and Managing Director, Greg Roebuck, said: “The acquisition sees Carsales acquire a strategic stake in the leading portfolio of online automotive businesses across the high-growth ASEAN region. We look forward to developing a deeper relationship with ICar Asia in the future.”</p>
<p>Both companies are traded on the Australian Stock Exchange &#8212; CRZ for Carsales.com Ltd. and ICQ for ICar Asia Ltd.</p>
<p>The deal is subject to ICar Asia shareholder approval at the end of April and has a number of conditions. Among these, Carsales will not, for a period of up to two years, compete with ICar Asia in Thailand, Malaysia or Indonesia. ICar Asia will not, for a period of up to two years, issue shares to a global competitor of Carsales, which in turn will not increase its stake beyond 19.9 percent for a period of up to two years.</p>
<p>For further details, see <a href="http://www.proactiveinvestors.com.au/companies/news/40843/icar-asia-snares-134m-investment-from-carsalescom">the news release</a>.</p>
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		<title>IProperty mobile visits up 352% YOY, Asia-Pacific world&#8217;s largest mobile market</title>
		<link>http://aimgroup.com/2012/11/27/iproperty-mobile-visits-up-352-yoy-asia-pacific-worlds-largest-mobile-market/</link>
		<comments>http://aimgroup.com/2012/11/27/iproperty-mobile-visits-up-352-yoy-asia-pacific-worlds-largest-mobile-market/#comments</comments>
		<pubDate>Tue, 27 Nov 2012 12:51:27 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[World news releases]]></category>
		<category><![CDATA[Asia-Pacific mobile]]></category>
		<category><![CDATA[iProperty]]></category>

		<guid isPermaLink="false">http://aimgroup.com/?p=30313</guid>
		<description><![CDATA[
    THE IPROPERTY GROUP REPORTS STRONG GROWTH IN MOBILE USAGE   Kuala Lumpur, 27 November 2012 - In an online survey conducted in August 2012 by Mobext, the world’s largest mobile marketing agency network, it was revealed that with more than 2.5 billion subscriptions and 70-90% average mobile customer penetration in many countries, the Asia-Pacific region is [...]]]></description>
	
    			<content:encoded><![CDATA[<h2></h2>
<h2 align="center"><strong>THE IPROPERTY GROUP REPORTS STRONG</strong></h2>
<h2 align="center"><strong>GROWTH IN MOBILE USAGE</strong></h2>
<p align="center"><strong> </strong></p>
<p><strong>Kuala Lumpur, 27 November 2012 </strong>- In an online survey conducted in August 2012 by Mobext, the world’s largest mobile marketing agency network, it was revealed that with more than 2.5 billion subscriptions and 70-90% average mobile customer penetration in many countries, the Asia-Pacific region is the largest and fastest- growing mobile market in the world.</p>
<p>As a company that adopts a mobile-first approach with a strong focus on innovation, the iProperty Group, owner of Asia’s No.1 network of property portals in Malaysia, Indonesia, Hong Kong, Macau and Singapore, has seen significant growth in mobile usage from property buyers and investors, attracting over 2 million unique visitors and 54 million page views since.</p>
<p>According to iProperty Group’s Chief Executive Officer, Shaun Di Gregorio, the iProperty Group was the first to go to the market with the iPhone, iPad, Android and Symbian apps and most recently the Windows 8 property search app. The apps were designed to provide consumers with the convenience to search for properties with greater ease.</p>
<p>“We have seen great success and with the rapid advances in mobile technology, the need to continuously evolve and update the features on our apps has never been greater. With the formation of the company’s mobile strategy and development team, we are continuously improving and innovating the way properties are showcased in Asia,” said Di Gregorio.</p>
<p><em><span style="text-decoration: underline;">Chart 1: iProperty Mobile vs Global Statistics by Country</span></em></p>
<p><em><span style="text-decoration: underline;"> </span></em>Elaborating further, Di Gregorio said that the iProperty Group reaches out to over 3.5 million property investors and home buyers monthly and it was interesting to note that in the month of October 2012, on iProperty.com Malaysia, Rumah123.com, <a href="http://gohome.com.hk/" target="_blank">GoHome.com.hk</a> and <a href="http://iproperty.com.sg/" target="_blank">iProperty.com.sg</a> data has shown that 21.37%, 18.30%, 18.77% and 25.84% of users have searched for properties via their mobile devices respectively.</p>
<p>“In Malaysia, they spend approximately 9 minutes on their mobile devices searching for their dream home or next property investment whereas in Indonesia its 8.56 minutes. Property buyers in Hong Kong spend just over 5 minutes whereas Singaporeans spend over 3 minutes on their mobile devices. With their mobile devices, property buyers and investors have the convenience of searching for properties no matter where they are as the app allows them to search for properties that are for rent or sale at their current location,” added Di Gregorio.</p>
<p>He added that it was interesting to note that the percentage of visitors that access the portal in Malaysia, Hong Kong and Singapore was significantly higher than the national average of users in those countries as per statistics obtained from <a href="http://statcounter.com/" target="_blank">statcounter.com</a>.</p>
<p>Data obtained from Google Analytics showed that a significant number of mobile traffic generated to each of the four sites respectively came from the iPad, followed by the Android and iPhone.</p>
<p><em><span style="text-decoration: underline;">Chart 2: Mobile Traffic Generated</span></em></p>
<p>Di Gregorio also said that up to the month of October 2012, more than 350,000 apps have been downloaded by property buyers and investors. According to Google Analytics, the peak period of iPad usage in Malaysia was from 9pm to 12am, while in Singapore the peak period was from 9pm to 11pm.</p>
<p><em><span style="text-decoration: underline;">Chart 3: A year on year comparison of mobile visits in iProperty.com Malaysia and iProperty.com Singapore</span></em></p>
<p>“On a year on year comparison, we saw a 352% jump in the number of visits done from mobile to the iProperty.com Malaysia site, whereas in Singapore, we saw a 61% surge in mobile visits. This indicates to us that more and more consumers and property buyers and investors are resorting to mobile devices to find their dream home and get insights into the property market,” added Di Gregorio.</p>
<p>In conclusion, Di Gregorio said that the company sees great potential in the mobile realm and are in the midst of taking these apps to greater heights to offer our valued consumers and property investors a greater platform to search for their dream home or next property investment. Mobile phones have already become a necessity to most and will become an even more important tool of communication in the near future.</p>
<p><strong><span style="text-decoration: underline;">About the iProperty Group</span></strong></p>
<p>Listed on the Australian Securities Exchange, the iProperty Group (ASX:IPP) owns and operates Asia’s No.1 network of property websites under the iProperty.com umbrella brand. Headquartered in Kuala Lumpur, Malaysia, the Company is focused on developing and operating leading property portals with other complementary offerings in Asian markets. It currently operates market leading property portals in Malaysia, Hong Kong, Macau, Indonesia and Singapore, and has investments in India and Philippines. With further expansion planned, the iProperty Group is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region. Along with 18 property websites across the region, the Group’s portfolio also includes the first comprehensive regional commercial property website, CommercialAsia.com, as well as a regional property exhibition business and monthly property magazines in Malaysia and Indonesia.</p>
<p>iProperty Group Network of websites:</p>
<p>• Malaysia: <span style="text-decoration: underline;"><a href="http://iproperty.com.my/" target="_blank">iProperty.com.my</a></span></p>
<p>• Indonesia: <span style="text-decoration: underline;"><a href="http://rumah123.com/" target="_blank">rumah123.com</a> </span>and <span style="text-decoration: underline;"><a href="http://rumahdanproperti.com/" target="_blank">rumahdanproperti.com</a></span></p>
<p>• Hong Kong: <span style="text-decoration: underline;"><a href="http://gohome.com.hk/" target="_blank">GoHome.com.hk</a></span></p>
<p>• Macau: <span style="text-decoration: underline;">vProperty.com</span></p>
<p>• Singapore: <span style="text-decoration: underline;"><a href="http://iproperty.com.sg/" target="_blank">iProperty.com.sg</a></span></p>
<p>• Commercial: <span style="text-decoration: underline;">CommercialAsia.com</span></p>
<p>• India: <span style="text-decoration: underline;"><a href="http://in.iproperty.com/" target="_blank">in.iProperty.com</a></span></p>
<p>• Philippines: <span style="text-decoration: underline;"><a href="http://iproperty.com.ph/" target="_blank">iProperty.com.ph</a></span></p>
<p>• Events: <span style="text-decoration: underline;"><a href="http://expo.iproperty.com/" target="_blank">expo.iproperty.com</a></span></p>
<p>• Luxury: <span style="text-decoration: underline;">iLuxuryasia.com</span></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
]]></content:encoded>
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		<title>AutoTrader Group buys into China&#8217;s Bitauto</title>
		<link>http://aimgroup.com/2012/11/12/autotrader-group-buys-into-chinas-bitauto/</link>
		<comments>http://aimgroup.com/2012/11/12/autotrader-group-buys-into-chinas-bitauto/#comments</comments>
		<pubDate>Mon, 12 Nov 2012 17:34:27 +0000</pubDate>
		<dc:creator>Admin</dc:creator>
				<category><![CDATA[Asia]]></category>
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		<description><![CDATA[
    AutoTrader Group invests in the world&#8217;s largest new car market by acquiring a stake in Bitauto. &#160; ATLANTA, Nov. 2, 2012 /PRNewswire/ &#8212; AutoTrader Group, operator of the largest digital automotive marketplace inthe United States, has made a significant international investment by acquiring a 21.8% stake in Bitauto (NYSE: BITA). Bitauto is a leading provider of Internet content and [...]]]></description>
	
    			<content:encoded><![CDATA[<h3 style="text-align: center;"><strong>AutoTrader Group invests in the world&#8217;s largest new car market by acquiring a stake in Bitauto.</strong></h3>
<p>&nbsp;</p>
<p>ATLANTA, Nov. 2, 2012 /PRNewswire/ &#8212; AutoTrader Group, operator of the largest digital automotive marketplace inthe United States, has made a significant international <a id="itxthook0" href="http://www.foxcarolina.com/story/19984655/autotrader-group-announces-investment-in-chinas-bitauto#" rel="nofollow">investment<img id="itxthook0icon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" alt="" /></a> by acquiring a 21.8% stake in Bitauto (NYSE: BITA). Bitauto is a leading provider of Internet content and marketing services for China&#8217;s fast-growing automotive industry. Through its bitauto.com and taoche.com websites, Bitauto provides China&#8217;s consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback.</p>
<p>The PRC new car market is the largest in the world and is expected to grow from 18.5 million in annual sales in 2011 to 27 million in annual new car sales by 2016, according to the Chinese Association of Automotive Manufacturers (CAAM). The Chinese Automotive Dealer Association (CADA) expects China&#8217;s used car market to grow from annual sales of 4.1 million in 2011 to sales of 14 million by 2016.</p>
<p>&#8220;AutoTrader Group&#8217;s investment in China&#8217;s Bitauto aligns our group of companies with China&#8217;s leading on-line automotive site. This investment strengthens our portfolio of companies and establishes the foundation for future growth and learning opportunities in emerging markets,&#8221; said Chip Perry, CEO of AutoTrader Group.  Perry added, &#8220;While we are excited about the prospects associated with participating in the China market, we remain committed primarily to our core <a id="itxthook1" href="http://www.foxcarolina.com/story/19984655/autotrader-group-announces-investment-in-chinas-bitauto#" rel="nofollow">investments<img id="itxthook1icon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" alt="" /></a> and growth opportunities here in the United States.&#8221;</p>
<p>&#8220;We are delighted that AutoTrader Group will become an important strategic investor in Bitauto,&#8221; said Mr. William Bin Li, chairman and chief executive officer of Bitauto. &#8220;AutoTrader Group&#8217;s leadership as operator of largest digital automotive marketplace in the United States makes them an ideal partner for Bitauto. By bringing together leaders in the two largest automobile markets in the world, I am confident that this cooperation will create significant cooperative opportunities and drive value for both companies in the long term.&#8221;</p>
<p><strong>About AutoTrader Group</strong></p>
<p>AutoTrader Group operates the largest digital automotive marketplace in the U.S. and is a leading provider of software solutions to automotive dealers throughout the nation. AutoTrader Group&#8217;s mission is to dramatically improve the way people buy and sell new and used cars.  Through its AutoTrader.com and Kelley Blue Bookwebsites, AutoTrader Group offers consumers empowering tools, content and information that increase their confidence in the car buying process.  In addition, through its Software Solutions business, AutoTrader Group helps dealers source, appraise, manage, price and market their inventory, and helps them manage their consumer relationships.  AutoTrader Group is headquartered in Atlanta, Georgia. Find out more at <a href="http://www.autotradergroup.com/" target="_blank">www.autotradergroup.com</a></p>
<p><strong><span style="text-decoration: underline;">About Bitauto Holdings Limited</span></strong></p>
<p>Bitauto Holdings Limited (NYSE: BITA) is a leading provider of Internet content and marketing services for China&#8217;s fast-growing automotive industry. The Company&#8217;s bitauto.com and taoche.com (formerly ucar.cn) websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback. The Company also distributes its dealer customers&#8217; automobile pricing and promotional information through its partner websites, including major portals and search engines operated by Tencent, Netease, and Baidu, as well as social networking websites Renren and Kaixin.</p>
<p>Bitauto manages its businesses in three segments, namely bitauto.com business, taoche.com business and digital marketing solutions business. The Company&#8217;s bitauto.com business provides subscription services to new automobile dealers that enable them to list pricing and promotional information on the Company&#8217;s bitauto.com website as well as partner websites and search engines. The Company also provides advertising services to dealers and automakers on its bitauto.com website. The Company&#8217;s taoche.com business provides listing services to used automobile dealers that enable them to display used automobile inventory information on the Company&#8217;s taoche.com website and partner websites. The Company also provides advertising services to used automobile dealers and automakers with certified pre-owned automobile programs on its taoche.com website. The Company&#8217;s digital marketing solutions business provides automakers with one-stop digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns and advertising agent services.</p>
<p>For more information, please visit <span style="text-decoration: underline;">ir.bitauto.com</span>.</p>
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		<title>iProperty Group To Acquire Leading Property Portal in Macau</title>
		<link>http://aimgroup.com/2012/05/08/iproperty-group-to-acquire-leading-property-portal-in-macau/</link>
		<comments>http://aimgroup.com/2012/05/08/iproperty-group-to-acquire-leading-property-portal-in-macau/#comments</comments>
		<pubDate>Tue, 08 May 2012 11:27:53 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Asia]]></category>
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		<guid isPermaLink="false">http://figgynewton.com/aim/?p=22830</guid>
		<description><![CDATA[
    Published May 8, 2012 ** *iProperty Group to Acquire Leading Property Portal in Macau, * ** ** Monday May 7th 2012 *–* iProperty Group Ltd, owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com), today announced that it had agreed to acquire vproperty.com, the clear leader in the Macau. The [...]]]></description>
	
    			<content:encoded><![CDATA[<h2></h2>
<div>Published May 8, 2012</div>
<div>
<p>**</p>
<p>*iProperty Group to Acquire Leading Property Portal in Macau, *</p>
<p>** **</p>
<p>Monday May 7th 2012 *–* iProperty Group Ltd, owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com), today announced that it had agreed to acquire vproperty.com, the clear leader in the Macau. The acquisition extends the reach of the Group in the region with the Macau based portal being managed by the iProperty Group’s gohome.com.hk business. ****</p>
<p>** **</p>
<p>vproperty.com is the clear leader in Macau and currently generates revenue from local real estate agencies and property developers. The portal currently receives 50,000 consumer visits per month, generating 500,000 page impressions and has 60 registered agents as paying subscribers.****</p>
<p>** **</p>
<p>With a population of 500,000 Macau attracted 28,000,000 visitors in 2011, 65% of whom are from mainland China. Macau is experiencing extraordinary economic growth with GDP increasing by 21% in 2011 powered by the gaming and entertainment industry and lies at the heart of the Pearl River Delta area.****</p>
<p>** **</p>
<p>iProperty Group has agreed to acquire vproperty.com for USD300 thousand in cash upon completion of the acquisition. This acquisition will be paid for using existing cash reserves.****</p>
<p>** **</p>
<p>Shaun Di Gregorio, CEO of the iProperty Group said, “Following our success in making gohome.com.hk the leading property portal in Hong Kong, we see the Macau based vproperty.com as a natural extension in the region. This provides us with clear market leadership in both Hong Kong and Macau allowing us to offer advertisers a more compelling proposition and providing us improved access to property investors from mainland China. It’s the world’s most dynamic region and the acquisition of vproperty.comprovides us with an expanded footprint and presence” ****</p>
<p>** **</p>
<p>“vproperty.com will continue to maintain its local presence in Macau and work with local real estate agencies and property developers providing them online advertising solutions but will now benefit from the management and direction that will be provided by our Hong King based team operating gohome.com.hk. vproperty.com already has key customer including Jones Lang LaSelle, Century 21, Centaline, Ricacorp, Engel and Volkers and Savills and we look forward to growing the business in combination with gohome.com.hkand the iProperty Group network across Asia” Di Gregorio commented. ****</p>
<p>** **</p>
<p>**</p>
<p>*About the iProperty Group (**www.iproperty-group.com)*****</p>
<p>Listed on the Australian Securities Exchange, The iProperty Group (ASX: IPP) owns Asia’s leading network of property websites under the iProperty.com umbrella brand. The company, headquartered in Kuala Lumpur, Malaysia, is focused on developing and operating leading internet-based real estate portals with other complementary offerings in Asian markets. It currently operates consumer and business online property portals in the markets of Singapore, Malaysia, Hong Kong and Indonesia, with investments in India and the Philippines. With further expansion planned, The iProperty Group is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region.****</p>
<p>The iProperty Group Network of websites:****</p>
<p>• Malaysia: iProperty.com Malaysia <a href="http://www.iproperty.com.my/">http://www.iproperty.com.my/</a>****</p>
<p>• Singapore: iProperty.com Singapore <a href="http://www.iproperty.com.sg/">http://www.iproperty.com.sg/</a>****</p>
<p>• Hong Kong: GoHome.com.hk <a href="http://www.gohome.com.hk/">http://www.gohome.com.hk/</a> and House18.com ****</p>
<p>• Indonesia: rumah123.comand rumahdanproperti.com****</p>
<p>• India: iProperty.com India <a href="http://www.india.iproperty.com/">http://www.india.iproperty.com/</a>****</p>
<p>• Philippines: iProperty.com Philippines <a href="http://ph.iproperty.com/">http://ph.iproperty.com/</a>****</p>
<p>• Events: iProperty.com EXPO ****</p>
<p>• Luxury: iLuxuryasia.com <a href="http://www.iluxuryasia.com/">http://www.iluxuryasia.com/</a></p>
<div></div>
<p>&nbsp;</p>
</div>
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		<title>iProperty Group Delivers Record Results</title>
		<link>http://aimgroup.com/2012/02/28/iproperty-group-delivers-record-results/</link>
		<comments>http://aimgroup.com/2012/02/28/iproperty-group-delivers-record-results/#comments</comments>
		<pubDate>Tue, 28 Feb 2012 22:21:43 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[World news releases]]></category>

		<guid isPermaLink="false">http://figgynewton.com/aim/?p=23031</guid>
		<description><![CDATA[
    Published February 28, 2012 **** iProperty Group Delivers Record Results 27th February 2012: iProperty Group Limited (ASX:IPP), the owner and operator of market leading property portals in Malaysia, Hong Kong, Indonesia and Singapore, today released its full year results with revenues of A$12.2 million up from A$7.3 million in 2010, a year on year growth of [...]]]></description>
	
    			<content:encoded><![CDATA[<h2></h2>
<div>Published February 28, 2012</div>
<div>
<p>****</p>
<p>iProperty Group Delivers Record Results</p>
<p>27th February 2012: iProperty Group Limited (ASX:IPP), the owner and operator of market leading property portals in Malaysia, Hong Kong, Indonesia and Singapore, today released its full year results with revenues of A$12.2 million up from A$7.3 million in 2010, a year on year growth of 67% over the year.</p>
<p>During the year Malaysia improved profitability, market positions in Hong Kong and Singapore strengthened, and the company entered the Indonesian market with the purchase of market leading rumah123.com. There was strong growth across each country, especially the Malaysian business where revenues doubled.</p>
<p>”These results reflect the successful execution of our country by country growth strategies. In each market we have increased the number of agents and visitors, and most importantly, developed strong relationships with property developers who are responsible for a majority of the property advertising spend in our region. Each of our businesses is in a strong position heading into 2012”, commented iProperty Group Chief Executive Officer, Shaun Di Gregorio.</p>
<p>Malaysia iProperty.com.my continues to be the clear leader in Malaysia. During the year it increased profitability driven by a near doubling of revenue to MYR23.4 million. The business delivered strong grow across all key metrics: The Malaysian business made great strides with the property developer market with the launch of new product initiatives and providing this market segment with more integrated digital solutions to drive their online campaigns.</p>
<p>Singapore iProperty.com.sg is the equal market leader in Singapore. During the year revenues grew by 43% to SGD4.0 million. The Singapore business has continued to build its consumer audience driven by a critical mass of agents and property listings: With the foundation of the business in place, iProperty.com.sg has made strong inroads into servicing the property developer market.</p>
<p>We see developers as a clear driver of longer term growth and will be releasing new products and services through the course of 2012 aimed at more comprehensively servicing this segment. Hong Kong In Hong Kong, the iProperty Group operates under the GoHome.com.hk brand.</p>
<p>Through the course of 2011 gohome.com.hk established itself as the clear market leader in Hong Kong and achieved revenue growth of 35% to HKD9.7 million. Firmly established as the leading property portal, gohome.com.hkis now using that foundation to increasingly focus on the property developer market with several leading local and China developers now utilising gohome.com.hk to market their properties.</p>
<p>This focus will continue in 2012. Indonesia iProperty has established a clear leadership position in Indonesia with the acquisition of rumah123.comand rumahdanproperti.com. From the point of acquisition in August 2011, the business finished the year with revenues of IDR2.1 billion (AUD0.24 million).</p>
<p>This was supported by strong in underlying metrics With a leadership position established the Indonesia, the business will focus on building brand recognition and engagement with consumers, developing long-term relationships with the real estate agency industry, and working closely with the property developer market in what is an exciting and rapidly growing economy.</p>
</div>
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		<title>LinkedIn launches in three new languages to continue international expansion footprint</title>
		<link>http://aimgroup.com/2011/12/12/linkedin-launches-in-three-new-languages-to-continue-international-expansion-footprint/</link>
		<comments>http://aimgroup.com/2011/12/12/linkedin-launches-in-three-new-languages-to-continue-international-expansion-footprint/#comments</comments>
		<pubDate>Mon, 12 Dec 2011 18:57:13 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Asia]]></category>
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		<guid isPermaLink="false">http://figgynewton.com/aim/?p=23239</guid>
		<description><![CDATA[
    Published December 12, 2011 *LinkedIn launches in three new languages to continue international expansion footprint* *Singapore *—* December 1, 2011* — LinkedIn, the world’s largest professional network with more than 135 million members worldwide, has launched LinkedIn in three new local languages –Bahasa Indonesia http://id.linkedin.com/, Bahasa Malaysia and Korean http://kr.linkedin.com/. LinkedIn has more than 20 million members in Asia Pacific [...]]]></description>
	
    			<content:encoded><![CDATA[<h2></h2>
<div>Published December 12, 2011</div>
<div>
<p>*LinkedIn launches in three new languages to continue international expansion footprint* *Singapore *—* December 1, 2011* — LinkedIn, the world’s largest professional network with more than 135 million members worldwide, has launched LinkedIn in three new local languages –Bahasa Indonesia <a href="http://id.linkedin.com/">http://id.linkedin.com/</a>, Bahasa Malaysia and Korean <a href="http://kr.linkedin.com/">http://kr.linkedin.com/</a>. LinkedIn has more than 20 million members in Asia Pacific and Japan who are establishing their professional identities, building their networks and gaining access to insights and opportunities on LinkedIn.</p>
<p>Commenting on the launch of the new local languages, Arvind Rajan , managing director and vice president, Asia Pacific and Japan at LinkedIn said, “LinkedIn is a truly global network. We understand that to be a worldwide network for professionals, you need to be local and relevant to them at home.”</p>
<p>“The launch of the local languages will better support the growing number of professionals joining LinkedIn. Local language availability often precipitates a whole new generation of LinkedIn members locally, enhancing the experience for the entire community. The member base in Asia Pacific is growing and we believe LinkedIn has a massive opportunity for growth here,” says Mr. Rajan.</p>
<p>New LinkedIn members can view the site and create a LinkedIn Profile in Bahasa Indonesia, Bahasa Malaysia or Korean by going to <a href="http://in.linkedin.com,">http://in.linkedin.com,</a> <a href="http://my.linkedin.com,">http://my.linkedin.com,</a> or <a href="http://kr.linkedin.com./">http://kr.linkedin.com.</a></p>
<p>Current LinkedIn members who have been using the site in English can switch their language settings to Bahasa Indonesia, Bahasa Malaysia or Korean by going to <a href="http://linkd.in/changelanguage.">http://linkd.in/changelanguage.</a></p>
<p>Language localization has been key to LinkedIn’s international expansion. As of today, LinkedIn is available in fourteen languages: English, Bahasa Indonesia, Bahasa Melayu, French, German, Italian, Japanese, Korean, Portuguese, Romanian, Russian, Spanish, Swedish and Turkish.</p>
<p>Read more about the language launches on the LinkedIn blog . *About LinkedIn*</p>
<p>Founded in 2003, LinkedIn connects the world’s professionals to make them more productive and successful. With more than 135 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world’s largest professional network on the Internet. The company has a diversified business model with revenues coming from member subscriptions, marketing solutions and hiring solutions. Headquartered in Silicon Valley, LinkedIn also has offices in 22 countries across the globe .</p>
<div></div>
<p>&nbsp;</p>
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		<title>(Asia) IPGA sites win major awards in Asia</title>
		<link>http://aimgroup.com/2011/10/24/asia-ipga-sites-win-major-awards-in-asia/</link>
		<comments>http://aimgroup.com/2011/10/24/asia-ipga-sites-win-major-awards-in-asia/#comments</comments>
		<pubDate>Mon, 24 Oct 2011 21:56:59 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
				<category><![CDATA[Asia]]></category>
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		<guid isPermaLink="false">http://figgynewton.com/aim/?p=23508</guid>
		<description><![CDATA[
    Published October 24, 2011 *Kuala Lumpur * *For Immediate Release * * * *THE iPROPERTY GROUP WINS COVETED WEBSITE AWARDS * *IN MALAYSIA AND HONG KONG* *With portals in Singapore and Indonesia reporting high growth * * * Adding another accolade to the iProperty Group’s astounding collection of awards, owner and operator of market leading property [...]]]></description>
	
    			<content:encoded><![CDATA[<h2></h2>
<div>Published October 24, 2011</div>
<div>
<p>*Kuala Lumpur</p>
<p>*</p>
<p>*For Immediate Release *</p>
<p>* *</p>
<p>*THE iPROPERTY GROUP WINS COVETED WEBSITE AWARDS *</p>
<p>*IN MALAYSIA AND HONG KONG*</p>
<p>*With portals in Singapore and Indonesia reporting high growth *</p>
<p>* *</p>
<p>Adding another accolade to the iProperty Group’s astounding collection of awards, owner and operator of market leading property websites in Malaysia, Hong Kong, Singapore and Indonesia with investments in India and the Philippines, was the recognition that acknowledges iProperty.com Malaysia as Digital Media Company of the Year in the category of Property and Real Estate in Malaysia and GoHome.com.hk <a href="http://gohome.com.hk/">http://gohome.com.hk/</a> as Property Portal of the Year 2011 in Hong Kong. ****</p>
<p>** **</p>
<p>Ecstatic about this accomplishment, iProperty Group’s Chief Executive Officer, Shaun Di Gregorio said it was a tremendous honour to win such highly acclaimed awards. The fact that the group garnered the respect of the industry is proof that the iProperty Group is the clear market leader in a highly competitive property arena. ****</p>
<p>** **</p>
<p>“Our mission is to continue to deliver first class customer service and highly innovative products that will create a more engaging experience for property buyers and investors, helping them make a more informed decision,” added Di Gregorio before sharing the success accomplished by each country. * ***</p>
<p>** **</p>
<p>*Malaysia *</p>
<p>** **</p>
<p>This was the third consecutive year, since 2009, that iProperty.com Malaysia has clinched this highly coveted award of being recognised as Digital Media Company of the year by Advertising + Marketing, ahead of the next ranked property portals; Mudah Property, Star Property and HomeGuru. ****</p>
<p>** **</p>
<p>iProperty.com Malaysia has also moved up the ranks from the sixth position in 2010 to the fourth position in 2011 in the overall top 15 digital companies in Malaysia, after popular sites such as Facebook, Google, and the Star Online. ****</p>
<p>** **</p>
<p>Aside from this prestigious award, iProperty.com Malaysia magazine was also voted the No.1 Magazine for the third year running by Advertising + Marketing Malaysia. ****</p>
<p>** **</p>
<p>Working with Malaysia’s top developers and more than 7,500 real estate agents, iProperty.com Malaysia has extended its lead as the clear property website of choice and in September, the site generated a record of more than 1,000,000 unique visitors which is more than four times its nearest rival, and more than 300,000 leads for advertisers.****</p>
<p>** **</p>
<p>iProperty.com Malaysia also presently maintains a strong online presence on internet portals like apartment-penang.com, Bernama.com, feedgeorge.com, Lelong.my, Malaysiakini.com.my <a href="http://malaysiakini.com.my/">http://malaysiakini.com.my/</a>, Maxis My LaunchPad, Mitula.com, MSN Malaysia, mySimlipfieds.com, NewStraitsTimes’s e-Media, Sinchew-i.com, SME Corp. Aside from this, iProperty.com Malaysia is in partnership with three print partners that feature property listings which include Sin Chew Classifieds, Property Buyer Magazine and Utusan Malaysia Idea Kini Classifieds. ****</p>
<p>* *</p>
<p>* *</p>
<p>*Hong Kong *</p>
<p>** **</p>
<p>With its market-leading position among consumers and real estate professionals alike, being acknowledged as ‘Property Portal of the Year 2011’, by leading trade journal of marketers, Marketing Magazine, further strengthens Go.home.com.hk <a href="http://go.home.com.hk/">http://go.home.com.hk/</a> leadership position in Hong Kong. ****</p>
<p>** **</p>
<p>GoHome.com.hk <a href="http://gohome.com.hk/">http://gohome.com.hk/</a> has more than 500,000 unique visitors and more subscribing customers than any other property portal, making it the clear leader ahead of 28hse.com, hkproperty.com and squarefoot.com.hk.****</p>
<p>** **</p>
<p>“The accreditation of this award is recognition of the great work that the gohome.com.hk team has done over recent times. The significant improvements made to the gohome.com.hk website has not only obtained overwhelming support from the real estate industry but also from consumers and this has been instrumental in achieving this accolade and extending our leadership position in Hong Kong.” added Di Gregorio. ****</p>
<p>** **</p>
<p>*Indonesia *</p>
<p>** **</p>
<p>Extending the iProperty Group’s leadership in Asia, the group successfully penetrated into the Indonesian market via the acquisition of the No.1 and No.3 property portals, Rumah123.com and rumahdanproperti.com, respectively early this year. ****</p>
<p>** **</p>
<p>Following the acquisition, rumah123.com has more than doubled the number of subscribing agents in the last three months and signed partnership deals with the largest franchise groups in Indonesia ERA, Ray White and LJ Hooker. This is on top of a substantial increase in consumer traffic to the website to more than 700,000 visits. ****</p>
<p>** **</p>
<p>This has further extended rumah123.com’s position as the clear leader in Indonesia.****</p>
<p>** **</p>
<p>“Like in all markets that we operate in, innovation is the key driver and the potential to develop the Indonesian property market is tremendous as the country is rapidly developing. The country also has one of the fastest growing internet markets in the world.” said Di Gregorio. ****</p>
<p>** **</p>
<p>Adding on, Di Gregorio said that with the Group’s range of highly innovative products, he firmly believed that the group will be able to further increase market share in Indonesia. ****</p>
<p>** **</p>
<p>*Singapore *</p>
<p>** **</p>
<p>iProperty.com.sg <a href="http://iproperty.com.sg/">http://iproperty.com.sg/</a> continues to be the preferred property portal in Singapore and this was reinforced by independent website measurement firms including Google Analytics and comScore.****</p>
<p>** **</p>
<p>iProperty.com.sg <a href="http://iproperty.com.sg/">http://iproperty.com.sg/</a> recorded a record of 744,000 unique visitors in June of this year, and has continued to focus on delivering highly innovative tools which offers property buyers the convenience of searching through over 73,000 properties in Singapore anytime and anywhere. ****</p>
<p>** **</p>
<p>Following the introduction of several innovative products such as the Property Trend Widget, an analytical tool available on the website that delivers real-time property price information and movements, the iPhone and iPad app, the team at iProperty.com.sg <a href="http://iproperty.com.sg/">http://iproperty.com.sg/</a> recently launched the Android app for smartphones, offering property hunters more alternatives to search for their dream property. The portal is also accessible via a mobile-friendly version for use on all smartphones. ****</p>
<p>** **</p>
<p>iProperty.com.sg <a href="http://iproperty.com.sg/">http://iproperty.com.sg/</a> hosts the most comprehensive online database of properties for sale and rent in Singapore and powers the real estate channels and property content of xinMSN, Yahoo! Singapore, inSing.com, PropertyZone.sg, entersingapore.info, Mitula.com and StreetSine.com. ****</p>
<p>** **</p>
<p>** **</p>
<p>*About the iProperty Group (*www.iproperty-group.com*)*</p>
<p>Listed on the Australian Securities Exchange, iProperty Group (ASX: IPP) owns Asia’s leading network of property websites under the iProperty.com umbrella brand. The Company is focused on developing and operating Internet-based real estate portals with other complementary offerings in Asian markets. It currently operates consumer and business online property portals in the markets of Singapore, Malaysia, Hong Kong and Indonesia, with investments in India and the Philippines. With further expansion planned, IPGA is continuously working to capitalise on its market-leading positions and the rapidly growing online property advertising market throughout the region.****</p>
<p>iProperty Group Network of websites:****</p>
<p>**• **Malaysia: iProperty.com Malaysia <a href="http://www.iproperty.com.my/">http://www.iproperty.com.my/</a>*** *</p>
<p>**• **Singapore: iProperty.com Singapore <a href="http://www.iproperty.com.sg/">http://www.iproperty.com.sg/</a>* ***</p>
<p>**• **Hong Kong: GoHome.com.hk <a href="http://www.gohome.com.hk/">http://www.gohome.com.hk/</a> and House18.com<a href="http://www.house18.com/main.php">http://www.house18.com/main.php</a>****</p>
<p>**• **Indonesia: rumah123.comand rumahdanproperti.com****</p>
<p>**• **India: iProperty.com India <a href="http://www.india.iproperty.com/">http://www.india.iproperty.com/</a>****</p>
<p>**• **Philippines: iProperty.com Philippines <a href="http://ph.iproperty.com/">http://ph.iproperty.com/</a>* ***</p>
<p>**• **Events: iProperty.com EXPO ****</p>
<p>**• **Luxury: iLuxuryasia.com <a href="http://www.iluxuryasia.com/">http://www.iluxuryasia.com/</a>****</p>
<p>** **</p>
<p>*For media enquiries and interviews, please contact:*</p>
<p>** **</p>
<p>Debbie Pereira (Ms)****</p>
<p>PR Manager****</p>
<p>Mobile: +6016 2334 386 DID: +603 2264 6888****</p>
<p>Email: <a href="mailto:debbie.pereira@iproperty.com">debbie.pereira@iproperty.com</a>****</p>
<p>* *</p>
</div>
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		<title>Japanese Brands Losing Ground Due to Supply; Domestics, Hyundai Benefit Most</title>
		<link>http://aimgroup.com/2011/10/04/japanese-brands-losing-ground-due-to-supply-domestics-hyundai-benefit-most/</link>
		<comments>http://aimgroup.com/2011/10/04/japanese-brands-losing-ground-due-to-supply-domestics-hyundai-benefit-most/#comments</comments>
		<pubDate>Tue, 04 Oct 2011 21:10:41 +0000</pubDate>
		<dc:creator>AIMGroup</dc:creator>
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		<category><![CDATA[World news releases]]></category>

		<guid isPermaLink="false">http://figgynewton.com/aim/?p=23417</guid>
		<description><![CDATA[
    Published October 4, 2011 *Blue Book Market Report: Japanese Brands Losing Ground Due to Supply; Domestics, Hyundai Benefit Most* *Revenue, Volume at Stake as Japanese Replenish Inventory* IRVINE, Calif., Oct. 4, 2011 /PRNewswire/ — Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports that Japanese automotive brands are losing ground due [...]]]></description>
	
    			<content:encoded><![CDATA[<h2></h2>
<div>Published October 4, 2011</div>
<div>
<p>*Blue Book Market Report: Japanese Brands Losing Ground Due to Supply; Domestics, Hyundai Benefit Most*</p>
<p>*Revenue, Volume at Stake as Japanese Replenish Inventory*</p>
<p>IRVINE, Calif., Oct. 4, 2011 /PRNewswire/ — Kelley Blue Book <a href="http://www.kbb.com,">www.kbb.com,</a> the leading provider of new car and used car information, today reports that Japanese automotive brands are losing ground due to supply, while the domestics and Hyundai benefit, as covered in the company’s Blue Book Market Report for October 2011. The Japanese brands’ revenue and volume are at stake as they replenish inventory.</p>
<p>September inventory figures for Japanese brands improved slightly over August, giving the first indication that the worst may be over. An increase of nearly 15,000 units provides a signal that in the coming months more inventory should become available. Additional product cannot arrive soon enough for dealers in the U.S. as they continue to give up share in their most important high-volume segments.</p>
<p>Overall, Japanese market share has declined 4 points since 2010, dropping from 38.6 percent in 2010 to 34.8 percent through August of this year. This 4 point drop equates to a loss of more than 300,000 potential sales that were diverted primarily to the domestic and Korean manufacturers. Although overall Japanese share is down 4 points overall, there are more pronounced declines in a handful of crucial segments.</p>
<p>Share in the ultra-competitive compact car, mid-size car and compact crossover segments is down significantly for the Japanese, due to their inability to meet high demand as well as improved offerings from the competition. Additional inventory is crucial in these segments, especially for highly anticipated redesigns such as the 2012 Toyota Camry, 2012 RAV4, 2012 Honda Civic and 2012 Honda CR-V. Among all Japanese brands, Toyota and Honda have taken the most significant hit in terms of overall market share. Toyota and Honda suffered most from the earthquake, shedding 2.5 points and 1.5 points, respectively, allowing Hyundai, Chrysler and GM to each benefit by 1 point or more. While a gain or loss of a few points may seem insignificant, when we examine the impact to volume and potentially lost revenue, we begin to see the importance of market share.</p>
<p>“The overall loss of share by Japanese manufacturers cannot be taken lightly. The earthquake and ensuing tsunami that devastated Japan on March 11 of this year will likely impact these manufacturers for years to come,” said Alec Gutierrez, manager of vehicle valuation for Kelley Blue Book. “Already, the financial toll has been tremendous. In fact, we determined that Toyota and Honda have lost in excess of 350,000 potential sales combined so far this year by applying their 2010 market share by segment to 2011 sales volume actuals. This loss of potential sales has resulted from the inability of Honda and Toyota to produce and import the vehicles highly demanded by consumers today.”</p>
<p>The volume lost by Toyota and Honda equates to an approximate revenue shortfall of $5 billion and $3.2 billion, respectively. The revenue approximation is calculated by multiplying invoice pricing less dealer holdback and regional marketing funds to the approximate sales volume lost due to the earthquake. While the Japanese have taken a substantial hit to both sales volume and gross revenue, GM, Chrysler and Hyundai have pulled ahead as the most significant beneficiaries to Honda and Toyota’s missed opportunities.</p>
<p>GM has proven to be the primary beneficiary of Japan’s lost market share by increasing share and subsequently sales by more than 130,000 units versus 2010. This equates to an approximate increase in gross revenue of nearly $3 billion through August 2011. Hyundai is not far behind, having picked up close to 120,000 sales and $2.5 billion in gross revenue.</p>
<p>“Incredibly, Hyundai has been able to increase share while combating inventory shortages of its own. While not severely impacted by the earthquake, Hyundai is in the enviable position of demand outstripping supply due to the highly acclaimed redesigns they have churned out during the past two years,” said Gutierrez. “The all-new Elantra, Sonata, Optima, Sportage, Genesis and Tucson are but a few of the top-notch redesigns greatly benefitting the brand in today’s competitive environment. Although domestic and Korean manufacturers have found success capturing market share, we can’t rule out the Japanese just yet.”</p>
<p>Japanese production should be hitting full steam right about now and the market is likely to see an influx of Japanese vehicles hitting our shores in the coming months. As new product arrives, Kelley Blue Book expects Toyota and Honda to increase cash incentives relative to their current levels, but generally not to exceed $1,000. In addition to cash incentives, there are many attractive lease deals available today in the marketplace that we expect to remain through the rest of the year.</p>
<p>“It won’t be as simple as upping incentives, though. The competitive landscape is like nothing the Japanese have dealt with in recent memory,” added Gutierrez. “Nearly all manufacturers are producing top-quality vehicles in every segment. Even the historically Japanese-dominated compact segment has seen excellent product arrive in the form of the well-received Chevrolet Cruze, Ford Focus and Hyundai Elantra. The Japanese may be down, but they are certainly not out. With several redesigns hitting our shores this year, it may only be a matter of time before the Japanese begin to recapture some of their lost share.”</p>
<p>The monthly Blue Book Market Report explores the state of the automotive industry by analyzing Kelley Blue Book® Wholesale Lending Values. The report also discusses developments in residual values and trends in monthly used-car shopper activity on kbb.com. If you would like to subscribe to the monthly Blue Book Market Report, please e-mail <a href="mailto:pr@kbb.com">pr@kbb.com</a>.</p>
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<p>About Kelley Blue Book (www.kbb.com)</p>
<p>Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the only vehicle valuation and information source trusted and relied upon by both consumers and the industry. Each week the company provides the most market-reflective values in the industry on its top-rated website <a href="http://www.kbb.com,">www.kbb.com,</a> including its famous Blue Book® Trade-In and Retail Values and Fair Purchase Price, which reports what others are paying for new cars this week. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies as well as governmental agencies. Kbb.com provides consumer pricing and information on minivans, pickup-trucks, cars, hybrids and SUVs. Kelley Blue Book Co. Inc. is a wholly owned subsidiary of AutoTrader.com.</p>
<p>SOURCE Kelley Blue Book</p>
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