Most affordable electric vehicle brand evolves traditional dealership model
Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive manufacturer, today announced the creation of a micro hub showroom designed to increase profit margins for dealerships by minimizing overhead costs and streamlining the customer acquisition process.
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Kandi America announces the creation of a micro hub showroom designed to increase profit margins for dealerships. (Photo: Business Wire)
"We've already received positive feedback on this micro hub showroom concept from several national auto groups, particularly praising our focus on their profitability," said Rachel Krevat, Director of Client Relations for Kandi America. "As we bring America's most affordable EV to the U.S. market, we are also ushering in a new way for manufacturers and dealerships to interact that creates a win-win situation for both parties."
Traditional dealer partners require a significant amount of showroom space, overhead and inventory, which creates a large financial burden and lower profitability for the dealership. Kandi America will take a slimmer approach and only require space for one of each of its EV models and a service area.
This micro hub concept will allow dealer partners to save on showroom costs and house the additional inventory in a separate storage area. Additionally, Kandi America will utilize a replenishment program so dealer partners can save space on the allocated inventory of each model.
"Since hosting our virtual launch event in August, we've received a significant amount of interest from dealers around the country that want to help us bring these cars to the U.S. market," said Johnny Tai, CEO of Kandi America. "Because we are beginning the Auto EVolution, we are striving to do things differently – including how we interact and engage with our distribution network."
In collaboration with its dealer partners, Kandi America will also offer a no-haggle pricing policy for consumers that simplifies the buying experience and builds trust between the manufacturer, dealership and customer. Kandi America is currently preparing to begin fulfillment and distribution plans in late Q4 2020.
Prospective dealers looking to gain additional information on how to become a Kandi America partner can visit KandiAmerica.com/dealer-inquiry.
About Kandi America
SC Autosports, LLC is the U.S. subsidiary of Kandi Technologies Group, Inc. (NASDAQ GS:KNDI), doing business under the name "Kandi America." Headquartered in Garland, Texas, Kandi America is primarily engaged in the wholesale of off-road vehicle products and distribution of electric vehicles. Since 2008, Kandi Technologies has been publicly traded on the Nasdaq Stock Exchange under the symbol KNDI. Kandi Technologies acquired SC Autosports in 2018 to be its exclusive U.S. distributor. For more information, visit www.KandiAmerica.com.
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