Lentuo Granted BMW First Dealership

BEIJING, Oct. 3, 2014 /PRNewswire/ -- Lentuo International Inc. (NYSE: LAS) ("Lentuo" or "the Company"), a leading non-state-owned automobile retailer headquartered in Beijing, today announced that it has been granted approval to become a BMW authorized dealer. The Company's first BMW dealership will be built in Gaobeidian, Hebei Province, China.

The Company's first BWM dealership in Gaobeidian is another major step in the Company's strategy to expand sales and services of premium cars in China while continuing to diversify its business away from Beijing. This will be the first and only BWM dealership in Gaobeidian, a small, economically prosperous city located just south of Beijing in the Beijing-Tianjin-Hebei economic triangle. Gaobeidian is one of the first development and reform pilot cities designated by the National Development and Reform Commission in the 12th Five-Year Plan.

The BWM dealership will offer the full suite of Lentuo value-added after sales services, including vehicle financing, auto insurance, car leasing, auto accessories and spare parts, and will be adjacent to a high-volume office complex and upscale residential area. The dealership will cover an area of 14,000 square meters which includes a 12-car showroom and a repair and maintenance service center with 50 separate workstations.

"We are extremely excited to add a second high-end brand to our portfolio. Thanks to our solid brand recognition and reputation for high technical quality, we are confident that we will build a long and fruitful relationship with BMW. We continue our discussions with other high-end brands and believe we will see more positive developments in the future," commented Mr. Hetong Guo, Founder and Chairman of Lentuo International. "The construction of our first BMW dealership is another critical step in our development, not only because of the diversification and expansion in our high-end portfolio but also because we continue our expansion outside Beijing. Sitting at the heart of the Beijing-Tianjin-Hebei economic triangle, Gaobeidian is an ideal location with its ability to attract customers from nearby cities, growing population and rapid economic growth. By expanding into new territories outside Beijing, we will be able to increase the brand visibility for our premium car business and fully leverage the 20 years of industry knowledge and leading customer service experience we have accumulated."  

About Lentuo International Inc.

Founded in 1994, Lentuo Group ("Lentuo") is a leading Chinese automobile retailer headquartered in Beijing. Through its many subsidiaries, Lentuo operates 4S franchise dealerships, automobile showrooms, automobile repair shops, a car leasing company, automobile financing and a pre-owned car business.

Lentuo dealership brands include FAW Audi, FAW-Volkswagen, Shanghai VW, FAW Toyota, FAW Mazda, Honda, and Chang'an Mazda. Since its establishment, Lentuo has developed relationships with many other well-known domestic and overseas brands as it expands further into the luxury car market. Annual sales for Lentuo's dealership brands consistently rank among the top in Beijing and China. On December 10th, 2010, Lentuo was listed on the New York Stock Exchange as the first and only Chinese auto-dealership group.

Over the past 20 years, Lentuo has received various industry awards from the government, OEMs and industry associations. Lentuo has been recognized as a Famous Trademark by the Beijing Administration for Industry and Commerce (BAIC), a Top 50 Auto Dealer in China, a China Automobile Sales and Service Top Ten Enterprise Group, and has been awarded the Outstanding Contribution Award and Distinguished Contribution Award in the China Automobile Dealers Industry by CADA. It is the only triple A-rated Beijing Automobile Works dealership group in China to have been designated an FAW strategic partner, and awarded FAW Audi Sales Award, FAW Audi No. 1 Customer Satisfaction, FAW–Volkswagen National Sales Champion, FAW-Volkswagen Gold Award for Service Satisfaction, Shanghai Volkswagen 6 Star-Rated Franchise Dealer and FAW Mazda National Sales Champion.

For more information, please visit http://lentuo.investorroom.com/

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For more information, please contact:

Lentuo Investor Relations
Telephone +86-10-8735-8388
Email:  [email protected]

Christensen

Mr. Christian Arnell
Telephone +86 10 5900 1548
Email: [email protected]

Ms. Linda Bergkamp
Phone:  +1-480-614-3004 (U.S.A.)
Email: [email protected]

SOURCE Lentuo International Inc.

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