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After the news of the closure of BMW's first 5S store in the world, the old BMW 4S store in Xiamen was exposed to close down again.

Recently, a video about the employees of a veteran BMW 4S store in Xiamen live broadcasting their rights in the store has circulated on the Internet. As can be seen from the video content, people in the store go hollowed out, and a BMW exhibition car is parked in the hall, the body of which is affixed with the slogan "Xiamen Zhongbao also painstaking money Zhongbao divestment, regardless of employees". According to the live broadcast rights protection employees in the video, they have been in arrears for several months, and no one has negotiated with them.

According to the auto industry's concern on the Internet, it is not only the employees of Zhongbao in Xiamen who report the lack of wages, but also the car owners who posted online that the rights and interests purchased in the 4S store are not convertible. In addition, when searching for Xiamen Zhongbao on a social platform, it was found that there were a lot of posts on the Internet about the collapse of Xiamen Zhongbao, arrears of wages and lack of access to maintenance rights. Some netizens lamented that such a big store was closed, while others were worried about how to deal with the follow-up maintenance of their vehicles.

The data show that Xiamen Zhongbao belongs to Beijing Zhongbao Outstanding International Trading Company and belongs to Singapore G.A. The group. Singapore G.A. The group was previously one of BMW's top five agents in China, with dealers in Beijing, Harbin, Xiamen, Fuzhou and other cities. But in September, BMW China announced the termination of G.A. Due to poor management of its dealers, resulting in a broken capital chain, inability to redeem certificates to customers, and overdue payments to BMW and its affiliated companies. Group Beijing Zhongbao excellent International Trading Co., Ltd., German Automobile Co., Ltd. under the authorization of 9 4S stores, 2 quick repair shops and 1 urban exhibition hall.

In July, Xiamen Zhongbao was exposed that it was difficult to deliver new cars in the capital chain crisis. At that time, there were media reports that due to the broken capital chain of poor management, Xiamen Zhongbao pledged the vehicle certificates of many car owners in the bank, resulting in the new car could not be delivered to customers, and received a large number of complaints. It can be said that one wave after another. More than a month later, Xiamen Zhongbao was frozen 4.68 million yuan by the Intermediate people's Court of Qingdao City, Shandong Province. At the same time, it also received a lawsuit from the Fuzhou Cangshan branch of the Bank of China Co., Ltd., due to a "financial loan contract dispute". These series of problems also accelerated the rupture of the capital chain of Xiamen Zhongbao.

On October 21, Xiamen Zhongbao issued a company notice announcing that the company had entered a state of shutdown. In the notice, Xiamen Zhongbao pointed out that due to the cancellation of BMW's distribution authorization to our company in September 2024, the company is facing extremely severe operational difficulties, and the company's business has been challenged in many aspects. tight capital flow, changes in the market environment and other factors make it impossible for us to resume normal production and operation in the short term. In fact, it is not just Xiamen Zhongbao that has been shut down. Zhongbao Automobile sales Company in Fuzhou, Quanzhou, Beijing and other places are also reported to have problems such as vehicle delivery delay, employee wage arrears, shop closure and so on. For Xiamen Zhongbao these 4S stores of the explosion incident, BMW has said that it is actively communicating with relevant parties to protect the interests of customers.

In fact, with the closure of the benchmark 5s store in Beijing and the closure of Zhongbao in Xiamen, it is not difficult to see that with the rapid development of new energy vehicles, BMW's market share has been seriously affected. In addition, since the beginning of this year, the price war has become more and more fierce, many BMW 4S store dealers have to reduce prices in order to sell, the consequence of this is undoubtedly more and more tight capital chain, and finally make it difficult for dealers 4S stores to close down.

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