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  The profits of Meidong Automobile Dealers Group, which made money in 4S stores this year, have soared.

  The growth of luxury brands against the market is a major growth point for the profits of dealer groups. The dealer group "Meidong Automobile", which mainly operates luxury brand 4S stores, saw its profits soar by nearly 50% in 2019. Under the influence of the epidemic in 2020, it will also be able to achieve a sharp rise in profits in the first half of the year. On Aug. 19, Meidong Motor announced interim results for 2020, with first-half earnings of 8.448 billion yuan, an increase of 23.5% over the same period last year, after-tax profit of 307 million yuan, an increase of 28.5% over the same period last year, and a net interest rate of 3.6%. Profit during the period attributable to equity shareholders increased by about 27.6% to about 301 million yuan. In the first half of the year, set.

  Meidong Automobile luxury Brand 2020-08-19
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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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  Of the 10 dealer groups in the first half of 2020, only 3 achieved positive growth.

  The domestic automobile market has shown fatigue after two consecutive years of decline, but in 2020, coupled with the impact of the COVID-19 epidemic, the situation of China's automobile market has been further depressed, making it more and more difficult to sell domestic cars. this has led to varying degrees of decline in the performance of car companies or dealer groups.

  Distributor 2020-09-03
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  More than a thousand stores withdrew from the net, and the semi-annual report of the car dealer revealed

  Under the epidemic, consumption is generally weak, and traditional car sales are declining, endangering the survival of car dealers. Recently, domestic automobile distribution groups have released half-yearly results for 2022. In the semi-annual reports of 14 A / H-share listed companies counted by "Automotive Industry concern", only Zhengtong Motor has achieved double growth in revenue and profit, and 7 companies

  Cars dealers net profit luxury holding group net profit sales Guanghui brand income data epidemic business sales 2022-09-08
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  Increase income but not profit! Only the performance of luxury Japanese models is good, and dealers want to transform and upgrade.

  As a huge group that was once the largest car dealer in China, the company lost 1.2 billion yuan in the first half of the year and made a profit of 258 million yuan in the same period last year. This also shows that under the continuous negative growth of sales in the car market, car dealers have suffered a very severe impact. From Guanghui Automobile, Zhongsheng Group, Yongda Automobile, Dachang Motor, Guanghui Baoxin, Meidong Motor and Xinfengtai, eight dealers have released first-half results, according to the data, although operating income increased year-on-year, but in terms of net profit, five dealers showed a significant decline, with two of them falling by more than 20%. According to the multiplication.

  Performance dealer 2019-08-30
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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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  Luxury cars make money? Guizhou Tongyuan Automobile plans to give way to high-end brands.

  In the face of the "cold winter" of the car market in 2019, almost all car companies are planning how to spend it. The inventory warning index of car dealers in August was 59.4%, down from the previous month, but still higher than the level of the same period in history, and dealers continued to be pessimistic about the follow-up market. However, Guizhou Tongyuan Motor recently revealed that the company's sales increased by 20% year-on-year. Zhang Guohua, deputy general manager of Guizhou Tongyuan Automobile Co., Ltd., said that at present, the entire car dealership industry is in a very difficult time. According to the summary of the company's data, the cumulative growth of Guizhou Tongyuan car sales from January to August this year is more than 20%. It can be said that it is better.

  Guizhou Tongyuan Automobile high-end brand 2019-10-05
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  The dealer group "Harmony Automobile" issued a series of clarification announcements.

  On November 12th, Bolidas Research (Bonitas Research) released a short selling report on Harmony. Feng Changge, chairman of Harmony Automobile Board, deceived investors and falsified Harmony Automobile earnings data, according to Bolidas research. Bolidas issued a short selling report saying: first of all, Feng Changge, chairman of the board of directors of Harmony Automobile, stole 100 million yuan from Harmony. Secondly, Harmony Automobile produces counterfeit cash through the sale of fake equity. Third, Harmony Automobile falsifies profit data in the following two ways: 1, the operating expenses of its main subsidiaries are not merged; 2, the losses caused by failed investments are not written down. In addition,.

  Harmonious automobile 2020-11-13
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  I can't sustain it! Another dealer group closes a large number of stores

  Another car dealer group has been delisted! According to media reports, the stores of Chongqing Longhua Industrial Group (hereinafter referred to as "Chongqing Longhua"), which are regarded as the "lowest-key and mysterious" dealer group in Chongqing, are either closed or transferred, and the maintenance given or purchased by a large number of users cannot be cashed normally. Ms. Zhu, who lives in Yuzhong District.

  Automobile Group Chongqing Longhua Company Limited Limited sales Service Dealer Automobile sales Brand Industry Market Chongqing 2023-04-15
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  Will the market share of Chinese brands fall to a new low and half of the brands will go bankrupt?

  In April, the market share of Chinese brand passenger cars was only 34.6%, down 2.6 percentage points from a year earlier, a six-year low; from January to April, the market share was 38.1%, down 2.5 percentage points from a year earlier, falling below the 40% red line again.

  The market share of Chinese brands fell to a new low in April and the auto market 2020-05-12
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  The personnel of Changan Automobile was adjusted again, and Wang Jun replaced Zhu Huarong as president of Changan Automobile.

  After April, Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as Changan Automobile) once again carried out a major personnel adjustment. Zhu Huarong will no longer serve concurrently as president of Changan Automobile and will be replaced by Wang Jun, the current vice president, and the relevant procedures are being carried out.

  Changan Automobile 2020-10-15
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  Personnel shock! China Changan Automobile Group has an important official declaration.

  On the evening of October 9, Changan Automobile Group officially announced that China Changan Automobile Group Co., Ltd. held a general meeting of cadres and workers. The meeting announced the decision of the leading party group of the weapons and equipment Group on the adjustment of the chairman and secretary of the party committee of China Changan Automobile Group Co., Ltd.: comrade Zhao Fei was appointed director of China Changan Automobile Group Co., Ltd.

  Changan Automobile Changan Automobile Ford Company Group Brand Limited Co. Ltd. sales China Vice President engine Market data 2023-10-10
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  China Automobile Association: car sales fell by 18% in January, and the development of the automobile market for the whole year is not optimistic.

  On February 13, the China Association of Automobile Manufacturers (hereinafter referred to as "the China Automobile Association") officially released the economic operation of the automobile industry in January 2020. according to the statistics of the key enterprise groups of the China Automobile Association, the production and sales of cars are estimated to have completed 1.783 million and 1.941 million respectively, down 33.5% and 27.0% respectively from the previous month, and 24.6% and 18.0% respectively from the same period last year. Specifically, the production and sales of passenger cars in China are expected to complete 1.444 million and 1.614 million respectively in January this year, down 33.9% and 27.1% respectively from the previous month, and 27.6% and 20.2% respectively from the same period last year.

  China Automobile Association 2020-02-13
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  The list of retail sales of automobile manufacturers in July 2022, the concern of the automobile industry

  July / January-July 2022 domestic manufacturer retail sales list data source: FIFA tabulation: automobile industry concern ranking of manufacturers from January to July compared with the same period last year 1 BYD 158957 172.6% FAW Volkswagen 1016787-10.6% FAW Volkswagen 153

  Automobiles Volkswagen manufacturers Geely Biya Great Wall FAW-Volkswagen Changan Automobile Dongfeng Toyota Wuling Chery Honda Changan Automobile Industry 2022-08-14
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  The price of automobile vertical media went up and broke down with many car companies, and local automobile associations boycotted.

  On December 30, the China Automobile Circulation Association issued the reply letter on the report on the substantial increase in the Price of the Automobile Network drainage platform: I will receive the Hunan Automobile Chamber of Commerce's report on the substantial Price increase of the Automobile Network drainage platform. I will attach great importance to this and immediately put

  Automobile Dealer platform member Network Circulation Association Price Model Hunan loss Chamber of Commerce situation Hunan Province Cooperation 2023-01-01
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  Serious overcapacity and idle factories of more than 100 car companies

  During the two sessions of the National people's Congress this year, Wang Fengying, deputy to the National people's Congress and president of Great Wall Motor, put forward a proposal on improving the capacity utilization rate of China's automobile industry. Wang Fengying suggested that we should promote the automobile industry to gather in areas with full capacity utilization and sound supporting systems, cultivate a number of world advanced manufacturing clusters, encourage qualified advantageous enterprises to merge and reorganize enterprises with low capacity utilization or special publicity; strictly control the new vehicle capacity, curb blind investment, avoid inefficient repeated construction, and establish an exit mechanism. Data show that Chinese automobile manufacturers sold a total of 21.456 million passenger cars in 2021, compared with the same period last year.

  Evergrande Automobile 2022-03-15
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  Ministry of Commerce: the international competitiveness of China's automobile industry surpasses that of South Korea, and there is a gap with Germany and Japan.

  A few days ago, the Foreign Trade Department of the Ministry of Commerce issued the "High quality Development report on China's Automobile Trade", which affirmed China's important position in the global automobile market, and recognized the current situation and achievements of the high-quality development of China's automobile trade. It also recognizes the gap and provides guidance for the development of Chinese brands in overseas markets. The Foreign Trade Department of the Ministry of Commerce said that the international status of a country's automobile industry can basically represent the overall international status of the country's manufacturing industry. the automobile manufacturing industry is also an important indicator of a country's industrialization, economic strength and scientific and technological innovation capability. At the same time, the automobile industry is also the most globalized industry.

  Automobile 2020-01-01
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  The loss of a general! Zhang Baolin, chairman of Changan Automobile, confirmed his resignation.

  On June 5, Chongqing Changan Automobile Co., Ltd. (hereinafter referred to as Changan Automobile) issued a notice on the change of the company's directors. Zhang Baolin, former deputy general manager of China Arms and equipment Group and chairman of Changan Automobile, will no longer hold the position of director and chairman of the company due to job changes, and does not hold shares in the company, the announcement said. It is reported that Zhang Baolin left his job because he will be promoted to be an independent director of the State-owned assets Supervision and Administration Commission in the central enterprise. As for Zhang Baolin's successor, it is reported that China Arms equipment Group intends to recommend Zhu Huarong, party committee secretary and president of Changan Automobile, for the post, but none of the above news has been officially positive.

  Changan Automobile 2020-06-05
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  Another car manufacturer! Auspicious Automobile LOGO released

  On November 16, Junyao Group, the parent company of auspicious Airlines, held a global conference on auspicious travel, officially releasing the "auspicious travel" strategy and the intelligent travel technology brand "auspicious car". At the press conference, the new LOGO and brand concept of auspicious Automobile were officially unveiled. The new LOGO is composed of "double J" group.

  Automobile auspicious new energy group product aviation model company brand market investment enterprise press conference new car under 2023-11-17
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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