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The owners of two 4S stores closed down and took away millions, and blind expansion led to a break in the capital chain.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)08/24 Report--

The overall automobile market is depressed, competition intensifies, more and more car dealers have problems in the capital chain, the news of closing down shops or running away emerge one after another, and the operation of dealers has reached a difficult stage. This phenomenon will continue to intensify when the car market continues to be at a low ebb.

Recently, a rights protection banner entitled "Ji'an Xinqi GAC MOTOR, Zhongtai 4S store Chen Xiaoping black-hearted boss, cheated our dealer deposit and returned my hard-earned money" appeared in the above 4S store. Media reports, 4S store owner Chen Xiaoping left "debt-ridden, unable to repay" a few words lost contact, many secondary dealers suffered, the accumulative total was rolled up to nearly 4 million yuan of cooperation deposit. At the same time, some consumers can not get the "certificate", the vehicle can not go home, can not drive on the road, like buying a pile of scrap iron, want to cry without tears.

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Media visits found that the Xinqi GAC MOTOR 4S store in Ji'an was suddenly emptied and the Xinmao Zhongtai 4S store across the wall was also empty, and both car dealers belong to the same owner, Chen Xiaoping.

In the exhibition hall of Chuanqi 4S store, brand posters and sales team honor cards are scattered around the corner, while the desks and chairs in the office area of the 4S store have long been missing, and even the central air conditioner installed in the ceiling has been removed. The exhibition hall is empty, but it is very messy.

A relevant person in charge of a nearby Honda dealer said, "Chen Xiaoping has run away, and recently, people often gather here to ask for arrears."

Peng Chuanzhong, assistant general manager of the 4S store involved, said that Chen Xiaoping could not be contacted because of the blind expansion of a number of 4S stores, which led to problems with Chen Xiaoping's capital chain. During this period, Chen Xiaoping borrowed nearly 2 million yuan from him, which has not yet been repaid.

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Unfortunately, many investors paid a deposit to Chen Xiaoping to become a secondary dealer in the 4S store, with at least 100000 yuan and as much as 500000 yuan deposit, and now they don't know where to go. The person in charge of the secondary dealer said that the other party in order to collect margin, increase dealers at will, there is a malicious breach of contract. Only four GAC MOTOR secondary dealers, Chen Xiaoping collected 2 million yuan cooperation deposit.

Many consumers pick up their cars without a certificate, and the cars purchased by tens of thousands to more than a hundred thousand have not been licensed so far and cannot be driven on the road. The "vehicle certificate" has been used by Chen Xiaoping as a mortgage loan.

Industry insiders explain that in order to solve the cash flow problem, it is a common practice for automobile sales enterprises to mortgage "vehicle certificates" and even vehicles.

At present, the Qingyuan District Market Supervision and Management Bureau of Ji'an City has frozen all businesses such as Xinqi Company, Xinmao Company's change of legal person, equity transfer, and so on, and advised consumers to report the case to the police.

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The domestic automobile market has experienced a stage of rapid development, and dealers are expanding rapidly, but now that the market environment is deteriorating, it is imperative for dealers to lose weight and reduce their burden. There are also people in the industry who believe that "manufacturers and dealers are basically affiliated, manufacturers open up outlets at will, and continue to press storehouse dealers, and dealers are completely passive, resulting in oversupply in order to withdraw funds and sell at a loss. the terminal price is completely upside down with the car price, and the after-sale profit is completely attached to the uneven sales loss, resulting in a vicious circle. Dealers can only tear down east walls to make up for the west wall, and there is always a day when the capital chain is broken. Therefore, it is not possible to lose weight and reduce the burden, the fundamental reason is determined by the rules of the game in the automobile circulation industry. "

With the deterioration of the industry environment and poor management, the closure of 4S stores began to emerge! Even the former giant group of car dealers, which failed to pay off its debts due to financial problems, was applied to the court by creditors for bankruptcy restructuring. It had 800 stores at the end of 2018 and slimmed down to about 360 in June.

With the emergence of the prelude to the reshuffle, 4S stores should learn how to survive.

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