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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.
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.,.
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.
There are media reports that Miss Huang bought a Volvo car, and the contract clearly states that the car enjoys free basic maintenance services for life, but now that the 4S store has been closed, the service on the contract has become a piece of paper. Ms Huang turned to the media for help to find a solution. According to Miss Huang, she bought a Volvo V40 at a Shanghai Shizhiwo 4S store in July 2017 at a price of 210000. According to Miss Huang, the reason why I chose this 4S store to buy a car at that time was that the contract had the service of enjoying free basic maintenance for life. However, last month, Miss Huang planned to go to the 4S store to supply steam.
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...
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.
China's auto market began to decline in the second half of 2018, a number of car companies, including joint ventures and own brands, are also experiencing problems, and it is difficult to guarantee the days of dealers. Recently, an employee of a Hyundai 4S store in Beijing complained that the 4S store was half closed because of a water outage and power outage, and could not even afford to pay its employees' wages. It is understood that there are about 20 employees asking for an explanation at the scene. Ms. Song, a staff member at the Beijing Hyundai Qingdao Fuli 4S store, said, "the store has no power and water, the phone has been cut off, regardless of the meal, there is nothing, it is no longer working properly." What worries them even more is that the store.
The China Automobile Circulation Association submitted a "report on the current living conditions and related suggestions of Automobile Dealers in China" to the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce and the State Administration of Market Supervision. the report mentioned that except for some brands, the gross profit of the new cars of the dealers in 2019 was basically negative, the loss further increased, and the dealers faced strong market pressure. Since July 1, nearly 20 provinces and cities have announced that they will implement the national six emission standards ahead of schedule this year, and some provinces have even skipped national six an and directly implemented national six b. This also means that many dealers are facing the tremendous pressure of Wuqing inventory, snowing in the already difficult business situation.
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.
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.
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.
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.
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
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
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.
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.
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.
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.
On the evening of August 4, Jinbei Automobile Co., Ltd. issued an announcement of shareholders' share transfer plan. According to the announcement, on August 2, the Shenyang Intermediate people's Court approved the "substantive merger and reorganization plan of 12 enterprises, including brilliance Automobile Group holding Co., Ltd." and Shenyang Automobile Co., Ltd. will become an indirect part of the company.
Geely officially manages Changfeng Cheetah Automobile Factory
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
New appointment! A car company's personnel adjustment
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