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According to several media reports, Zhejiang Zhongtong Holdings Group, the largest automobile distribution group in Taizhou, Zhejiang, ran away, many of its distribution stores were closed, and employees' wages could not be paid on time. Maintenance given or purchased by a large number of users cannot be solved.

On January 2, Ai Taizhou released a video saying that "an Audi 4S store in Taizhou Zhongtong Group said it closed down". On the same day, the local car owner also posted a picture and text saying, "the owner of Taizhou Zhongtong Group rolled money to run away." all of its 19 car 4S stores are closed. In the next few days, the relevant news continued to ferment on major social platforms, relevant employees and car owners joined the discussion one after another, and relevant videos and photos also quickly spread.

The news of the escape of Zhongtong Holdings Group soon attracted attention, and many car owners left messages at the bottom of the relevant video: "I bought it in Luqiao Nissan for three months, and the maintenance of 4S store charged 2000 yuan, which is probably lost", "Luqiaotong Jaguar Land Rover store, and the second maintenance is gone", "I still have three free maintenance before closing the door", "before I have time to get on the license".

The running away of dealers has had a great impact on on-the-job employees, most of them have not been paid for many months, social security has also been paid for many months, and banners have been pulled on the doors and windows of many stores. In a video shot by a local people at the scene, the employee posted a statement on the door to the effect that "the company closed down on December 29, 2022 due to poor management, resulting in arrears of more than 20 employees in the store, totaling more than 200,000." employees use "sell test driving" and other methods to pay employees' wages.

As the leader of local dealers, Zhongtong holding Group is the best choice for local mid-and high-end and luxury car owners, and it is also the favorite place for car owners to go for daily maintenance. now the local 4S store is basically closed, and the impact is still great. From the existing information, Zhejiang Zhongtong holding Group Co., Ltd. in Taizhou, Zhejiang Province, a number of 4S stores closed is basically true. It is understood that in recent years, the operation of Zhongtong holding Group itself is not ideal, and the failure to invest in Aichi may be the last straw.

Zhejiang Zhongtong holding Group, founded in April 1998, is the largest car dealer group in Taizhou City, Zhejiang Province, with brands including Jaguar, Land Rover, Audi, Nissan, Red Flag, Ford, Buick and Aichi, according to the official website. Equity penetration shows that Shanghai Zhongtong Ruide Investment Group Co., Ltd. holds 69.23% of the shares of Zhongtong Ruide Investment Group, which is its largest shareholder, while Dongguan Dongling Technology Co., Ltd. is the wholly-owned controlling shareholder of Shanghai Zhongtong Ruide Investment Group Co., Ltd. Chen Xuanlin, a suspected controller, once served as chairman of Aichi Automobile, but gave way to Zhang Yang after only five months of tenure and is now a director of Aichi Automobile.

Starting from the second half of 2019, Zhongtong Holdings Group began to accelerate its expansion, opening a number of 4S stores a year. In 2021, Zhongtong holding Group went out of Taizhou and opened new stores in Shenzhen, Shanghai, Qingdao and other places one after another. At the same time, Zhongtong holding Group has a wide range of related businesses, such as new energy, real estate, automobile industry park, and so on. However, from 2022, the number of Zhongtong stores began to shrink and began to have an operating crisis, until a large number of store closures broke out in January. At present, the official account of China Communications Holdings Group's Wechat account was last updated on December 29, 2022, with only 15 new stores left.

Zhongtong holding Group closed a large number of stores, in fact, is also the epitome of car sales service reshuffle. In January, Shanghai Siming Automobile sales Co., Ltd. (hereinafter referred to as "Siming Automobile") was criminally filed on suspicion of contract fraud. It is reported that Han Ming Automobile, a group-buying car dealer, has been protected by several car owners because it has repeatedly delayed the delivery time and failed to refund as agreed. According to a list of refund personnel in the WeChat group of Han Ming Automobile Rights Protection, a total of nearly 1,000 consumers have asked for a refund of his car, and the refund and liquidated damages claimed by consumers have exceeded 250 million yuan.

A few days ago, domestic auto distribution groups have issued performance forecasts for 2022, of which Guanghui Automobile has a pre-loss of RMB 22.8-2.67 billion, a huge group has a pre-loss of RMB9-1.1 billion, Shenhua Holdings has a pre-loss of RMB100-200m, and Guanghui Baoxin has a pre-loss of no more than RMB700 million.

Under the epidemic, consumption is generally weak, and traditional car sales are declining, endangering the survival of car dealers. According to the China Automobile Circulation Association, more than 1400 4S stores have been closed in the first four months of 2022, with an average of about 11 4S stores closed every day. But the difficulty is not only that, with a large amount of capital entering the automobile aftermarket in recent years, the maintenance shop develops rapidly and continues to seize the after-sales business of 4S store, 4S store is facing the situation of front and back attack. According to the national survey on the living conditions of car dealers in the first half of 2022 released by the China Automobile Circulation Association, only 18.1% of the dealers achieved their half-year sales targets.

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