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  Rundong Automobile Group lost 1.5 billion for the whole year and will sell 56 car dealerships.

  As the Chinese automobile market enters the stock competition and the market-oriented competition intensifies, the dealer group has made a great turning point and made a loss in operation. The sale of storefronts has become the current survival situation of many dealer groups. A few days ago, Rundong Motor, which ranked more than 20 in revenue in the country, issued an announcement that it planned to sell 56 car dealerships for 3.4 billion yuan. Rundong Automobile said in the announcement that on April 4, the company signed an intention agreement with Kunming Yanheng Automobile sales and Service Co., Ltd. to transfer shares, which constitutes a very important sale of the company. The company intends to sell four indirect wholly-owned subsidiaries to Kunming Yanheng (that is, Rundong Automobile Group Co., Ltd.,.

  Car loss 2019-04-05
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  Zhongsheng Group's revenue reached 100 billion in 2018, and the total number of car dealerships increased to 318.

  Zhongsheng Group, China's second largest dealer group, reported that its operating income for the whole year reached 107.735 billion yuan, an increase of 24.9 percent over the same period last year, and its operating profit reached 9.923 billion yuan, an increase of 14.3 percent over the same period last year. Net profit reached 3.695 billion yuan, an increase of 6.3% over the same period last year. Zhongsheng said it sold 412017 new cars in 2018, up 20.7% from last year. Among them, luxury brand sales reached 192557, accounting for 46.7% of the group's total sales, a further increase over the same period in 2017. In addition, 20.

  2019-03-22
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  Zhongsheng Group acquires 8 luxury brand 4S stores

  Zhongsheng Group, which has a good momentum of development, has been promoted to the second largest car dealer group in China, with a net profit of 4.5 billion yuan last year and 360 dealerships. Recently, Zhongsheng Group issued an announcement to acquire six Mercedes-Benz 4S stores and two Jaguar Land Rover 4S stores. Zhongsheng Dalian, an indirect wholly-owned subsidiary of Zhongsheng Group, agreed to buy 100 per cent stakes in eight target companies for 720 million yuan, according to the announcement. The target company has six Mercedes-Benz 4S dealerships in Hubei, Fujian, Yunnan and Jiangxi, and two Jaguar Land Rover 4S dealerships in Jiangsu and Jiangxi. Zhongsheng Group said that the consideration for this transaction is.

  Zhongsheng Group Distributor 4S Store 2020-07-15
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  The car owner mentioned the BMW X3 at the dealer for 10,000 yuan of the province, but there was a problem on the same day.

  According to relevant media reports, Ms. Wang from Hangzhou bought a new BMW. Unexpectedly, the car she mentioned in the morning had a problem with the air conditioning of the car in the afternoon, so she went to the store to find a solution, but the problem could not be found. Ms. Wang wanted to do a return and exchange treatment. The store said it could not meet the standard. On October 22nd, Ms. Wang bought a BMW X3 SUV, totaling 370000 yuan, at a Hangzhou Shulan car dealership. As a result, the car was picked up in the morning, the license plate was not on, and the mileage was less than 100 kilometers, so the air conditioning outlet was not cooled. The next day, Ms. Wang sent the car to the BMW 4S store for maintenance and inspection, and the store informed that it was because of the leakage of the air conditioning pipe.

  The car owner mentioned the BMW X3 at the dealer for 10 000 yuan of the province but there was a problem on the same day. 2019-10-28
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  With 365 4S stores, Zhongsheng Group's half-year profit has increased to 2.3 billion yuan.

  Zhongsheng Group, the second largest car dealer group in China, has maintained a good momentum of development and achieved profit growth at a time when the new car market is declining. In 2020, under the impact of the epidemic, Zhongsheng Group also handed over a half-yearly performance report on profit growth. On Aug. 10, Zhongsheng Holdings released first-half results, with revenue of 58.203 billion yuan, up 1.4% from a year earlier, while profits attributable to owners of the parent company were 2.29 billion yuan, up 10.1% from a year earlier. Li Yanwei, a member of the expert committee of China Automobile Circulation Association, said, "Zhongsheng released its interim results, which can."

  Zhongsheng Group 2020-08-10
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  330000 second-hand BMW is a scrapped car? Car dealership: the shop does not participate in the car condition problem.

  In May, Ms. Bai from Zhengzhou bought a BMW 525L from a local used car company called Fuhua. Before buying the car, the salesperson told Ms. Bai that there were only some small crashes in the car, and there were no major accidents. As Ms. Bai was eager to use the car, she paid a deposit of 50, 000 yuan and then paid the final payment, totaling 330000 yuan. After Ms. Bai bought the car and drove it home for some time, recently, due to family reasons, Ms. Bai wanted to resell the car, so she went to the Luoyang second-hand car market to resell it, but no one dared to ask for the car. So Ms. Bai checked the 4S store and found that the two cars were in.

  BMW car dealership. 2019-08-01
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  Zhongsheng Group made a profit of 4.5 billion in 2019, and the Mercedes-Benz brand made the most money.

  Zhongsheng Group Holdings Co., Ltd., the second largest car dealer group in China, recently issued an annual performance announcement in 2019, which increased a number of indicators, and the total number of its dealerships also increased to 360 during the year. Zhongsheng mainly sells luxury brands such as Mercedes-Benz, BMW, Audi, Lexus and Volvo, as well as mid-range brands such as Toyota, Nissan and Honda, all of which make money in 2019. Zhongsheng Holdings performance announcement shows that the company's total revenue in 2019 was 124.0425 billion yuan, an increase of 15.1% over the same period last year; the profit attributable to the owner of the parent company was 4.502 billion yuan, year-on-year.

  Zhongsheng Group car dealer 2020-03-21
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  The car owner spent millions to buy Tesla, but the dealership sold it with inferior quality.

  In March this year, a woman N was at the Tesla dealership in Hongqiao, Shanghai. under the introduction of the salesperson, the car was able to give a discount of 40, 000 yuan, and considering the safety of her children, Ms. N bought a six-seat version of the Model X on display in the showroom. However, unexpectedly, the various problems and rights problems encountered after picking up the car made her and her husband physically and mentally exhausted. It is understood that the Model X purchased by Ms. N has been produced for only half a year. While Ms. N was looking at the car, she found that the second row of seats in the exhibition car could not be moved. The staff at the scene also said at that time that it was set up to prevent customers from damaging the parts of the display car.

  Tesla sales car owner 2019-06-27
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  Guanzhi car store does not sell Quan Zhi, Beijing dealers almost stop.

  Over the past year, Qoros has encountered a series of personnel changes, dealers' rights protection and other troubles, and now its sales in Beijing are even closer to a halt. There are currently three dealerships in Beijing, and media surveys have found that Guanzhi's dealerships in Beijing are more serious than expected, according to Guanzhi Automobile's official website. When the media visited Xinxing Yandu Automobile sales Co., Ltd., located in Chaoyang District of Beijing, they found that the family had left an empty building and left an open space. after dialing the phone, the other party said that the store had moved to Tongzhou. and the store only provides after-sales service and does not provide new car sales. The media continued to visit the North emerging Investment Holdings Development in Haidian District.

  Car Beijing dealer 2019-08-19
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  2019 National Automobile Dealer Group Top 100 ranking! Guanghui Automobile ranked first, with a huge drop in loss of 6.2 billion

  Guanghui Automobile continues to top the list with a business income of 166.173 billion yuan in 2018, according to the official release of the Top 100 Automobile Dealer Group ranking in China. The second and third place are Zhongsheng Group and Lixing Motor, with operating income of 107.736 billion yuan and 82.996 billion yuan respectively. The list of the top 10 has not changed, but the giant group has dropped five places compared with the previous year, and its operating income has decreased by more than 28 billion yuan. In addition, Rundong Automobile Group, which once ranked 23rd, did not appear in the top 100 list. In addition to the above three, there is also Shanghai Yongda Group (695.

  Car loss dealer ranking 2019 first huge 2019-06-06
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  The sale of 30% stake in Zhentong Automobile Group is suffering from a financial crisis.

  After it was revealed that there were several cases of default and non-payment of maturing loans, Zhengtong Motor, a luxury car dealership group, did encounter a financial crisis. Recently, the news that Zhengtong Automobile controlling shareholders intend to sell their shares has been announced. On July 31, Zhengtong Motors announced that the controlling shareholder intends to sell 29.9% of the company's shares at a premium, which was taken by Xiamen International Trade holding Group Co., Ltd., a state-owned enterprise controlled by the Xiamen municipal government. Zhengtong Motor, which has encountered operational problems and capital crisis, has to rely on equity sales to partially solve the capital problem. Zhengtong Motor's 2019 annual report shows that by the end of 2019, Zhengtong Motor's.

  Straight-through car 2020-08-04
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  Luxury brands are the most profitable, and the profits of several car dealer groups have increased significantly.

  China's passenger car sales fell nearly 10 per cent in 2019 from a year earlier, and car dealers generally saw a decline in sales throughout the year, leading to a decline in performance, but luxury-branded passenger cars bucked the trend, with annual sales of 3.143 million vehicles up nearly 10 per cent from a year earlier. In this context, the main operation of luxury brand 4S stores of several dealer groups, last year's performance rose against the trend, more and more profitable. Meidong Automobile: net profit increased by 53.4% on March 27th, China Meidong Automobile Holdings Co., Ltd. announced its annual results in 2019, with a total revenue of 16.21 billion yuan, an increase of 46.5% over the same period last year.

  Luxury brands car dealers 2020-03-28
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  Luxury brands are the most profitable this year. Yongda Automobile Group acquires a number of luxury 4S stores.

  Yongda Automobile Group is one of the top ten car dealers in China, mainly engaged in luxury car brand dealers. Yongda announced on Oct. 2 that it would buy the seller's 4S store business for 830 million yuan, including Porsche, Mercedes-Benz, Lexus 4S and a Tesla authorized maintenance center. Yongda announced that the Company entered into a sale and purchase agreement with InchcapeOverseasLimited, a direct wholly-owned subsidiary of the seller Inchcape, under which the Company conditionally agreed to acquire and the seller agreed to sell all of the target company Yingzhijie Asia Pacific Co., Ltd.

  The present situation of 4S store management 2019-10-02
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  If you want to get rich, it's a big accident! Inside story on the sale of a used car in Shenyang: the bigger the accident, the more money.

  With the acceleration of car upgrading, the second-hand car market is also booming. Many people think that second-hand cars are more cost-effective and can drive better cars with less money, so why not? But who is too deep in the second-hand car market? "black-hearted" second-hand car dealers are everywhere. It is not strange to hide car conditions, resell accident cars, modify vehicle mileage at will, and so on. If consumers know about cars, it is easy to be deceived if they do not understand cars. Recently, the inside story of a car sale in Shenyang called Licheng car Company has been exposed on the Internet, and all kinds of tricks have highlighted the chaos in the second-hand car market. Photo maker entered as a consumer.

  Second-hand car market 2019-10-25
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  Operating at a loss, Rundong Automobile Group was filed for bankruptcy reorganization by creditors.

  After a substantial expansion of the automobile dealer group, as the market enters the stock competition stage, some dealers will also enter the survival status of operating losses, shutting down or selling their business. From the huge group selling stores to surviving, to Zhengtong Motors being forced to sell its stake because hundreds of millions of dollars in loans are difficult to repay, dealer groups have also begun to split into two levels. Now, another dealer group has had an accident. Rundong Motor, which ranked more than 20 in China in terms of revenue in the past, not only sold its stores substantially, but also was filed for bankruptcy reorganization by creditors because of overdue debt repayment. On August 25, Rundong Motor announced that a creditor had been in August 2020.

  Rundong Automobile car Dealer 4S Store 2020-08-25
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  Mazda's global sales fell by 50% in April, but only the Chinese market grew.

  On May 28th, Japanese carmaker Mazda released the latest data, showing that global sales from January to April were 363468, down 27.6% from a year earlier. Of these, global sales in April were 50362, down 54% from a year earlier. The month was the lowest since Mazda disclosed global data in 2004. Mazda said that due to the progress of the global epidemic, the sales network in Europe and the United States basically stagnated, which directly led to the decline of its overall sales performance. As the global epidemic is in the prevention and control stage, most countries have adopted home isolation measures, which also led to most Mazda dealers.

  Mazda 2020-05-29
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  Revenue fell 30 billion, with a net loss of 6.2 billion yuan-a major crisis for large groups

  As the Chinese automobile market enters the stock competition, the market competition intensifies and other phenomena, the dealer group management level appears a great turning point, the operation continues to lose money, and the sale of stores has become the current survival situation of many dealer groups. The large group of large domestic car dealers reported a loss of more than 6 billion in 2018 and 500 million in the first quarter of this year. According to the report, the operating income of the giant group reached 42.034 billion yuan in 2018, down 40.37 percent from the same period last year, while the net profit belonging to shareholders of listed companies lost 6.155 billion yuan, down 3003.23 percent from the same period last year. 20...

  Loss revenue huge 2019-05-04
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  A new force was exposed by dealers that sales were faked? Official response

  On April 11, in response to the revelation of the fraud of the company's data, Zero Automobile issued a statement on the official Weibo to clarify: "recently, Zhang, the dealership manager of Jinan, has revealed to the media information about the company's data fraud, which is all false information after internal verification by the company". Zero run

  Cars dealers companies data models Jinan sales volume information price store manager gross margin range revelation Zhang 2023-04-11
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  The woman's 150000 mortgage on the BMW was resold, and the redemption cost 250000.

  Recently, Lanshi in Liuzhou reported to the media that at the end of May this year, she mortgaged a BMW 5-Series sedan worth 440000 yuan to a car dealership in Liuzhou for 150000 yuan, and agreed to redeem the car at the end of June. However, the car was sold by the car company a few days after the mortgage, and now the car has been asked for 250000 yuan, which may not be redeemed. On May 30, Ms. Lan was introduced to mortgage her BMW 5-Series car to BOSS, a car company located in Guangxi Automobile Trade Park on Liugong Avenue, and agreed with a person in charge of the car shop to redeem the car on June 30. According to the car purchase contract provided by Ms. Lan.

  BMW 2020-08-22
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  Yongda Group had 2018 revenue of 56.293 billion, and net profit decreased by 17.3%.

  Yongda Automobile, a domestic auto dealership group, reported a comprehensive income of 56.293 billion yuan in 2018, an increase of 9.2% over the same period last year, including a comprehensive gross profit of 6.181 billion yuan, an increase of 5.0% over 2017, an operating profit of 2.373 billion yuan, a decrease of 3.6% compared with 2017, and a profit of 1.325 billion yuan, a decrease of 17.3% over 2017. In 2018, Yongda Group's overall new car sales were 176919, up 3.1 per cent from 2017. Among them, luxury brand new car sales were 111323, compared with 2017.

  Yongda revenue 2019-03-27