T. H. Data Flash – Bitauto Holdings Ltd. – 1Q16: BITA Gains Addtional Dealers While Maintaining High Retention Rates
1Q16 Operating Data Highlights:
Data in thisreport is extracted from publicly available sources and processed with ourproprietary methodology. Please contact us for detailed information.
· Registered and paying dealersincreased Y/Y for BITA in 1Q16 – Accordingto our proprietary data, BITA’s registered dealers grew to 26.7K in 1Q16 from 25.2Kin 1Q15, up 5.9% Y/Y. The paying dealers of BITA increased to 18.3K in 1Q16 from17.7K in 1Q15, up 3.4% Y/Y (Figure 1).The paying ratio for BITA was 66.5% in March 2016, slightly declined from 70.6%in March 2015, mainly due to relatively faster increase in registered dealers (Figure 1).
· BITA maintained high paying dealerretention rates -The retention rates of paying dealers for BITA remained at high level, which increasedto 97.3% in March 2016 from 93.1% in March 2015 (Figure 1).