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  Zhengtong Automobile is mired in the crisis of capital chain, and there are already new financiers planning to "take over".

  Affected by the COVID-19 epidemic this year, many domestic dealers have suffered an unprecedented impact. In the first half of the year, nearly 70% of the dealer groups experienced a year-on-year decline in revenue and net profit. Among them, Zhengtong Automobile Group, as one of the giant car dealers in China and one of the core dealers of luxury brands, is frequently exposed to the difficulty of lifting cars due to the problem of capital chain, and will be rescued by new financiers.

  Straight-through car 2020-10-21
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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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  With a loss of 1.36 billion, Zhengtong Automobile 4S Store Group has a capital problem.

  A number of 4S stores owned by car dealer group Zhengtong Motor were exposed to be unable to deliver on schedule, leading to frequent incidents of consumer rights protection. 4S stores said the reasons for the delay were "group financial problems" and "non-redemption certificates". Zhengtong Motor's latest financial report shows that the group has changed from profit to loss. A few days ago, Zhengtong Motor released first-half results, the company realized income of 9.24 billion yuan, down 47.0% from the same period last year; shareholders should share a loss of 1.365 billion yuan, compared with a net profit of 470 million yuan in the same period last year; and a basic loss of 55.7 cents per share. The decline in revenue was due to a drop in new car sales, the announcement said. In the first half of the year, Zhengtong Motor has a total sales plan.

  Straight-through car 2020-09-01
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  Zhengtong again! Bose BMW 4S store failed to redeem the certificate, customers are in a hurry

  Zhengtong Automobile Group's dealers had another problem, and the BMW 4S store once again exposed that it did not deliver the car in breach of contract, but it was difficult for consumers to buy a full-scale car. According to media reports, Ms. Liao from Jingmen, Hubei Province, ordered a BMW 3-Series sedan from a BMW 4S store in Jingmen on June 9 this year and paid a deposit of 20,000 yuan at that time. On June 25, the sales consultant of the 4S store told Ms. Liao that the car she ordered had arrived and the final payment should be paid as soon as possible. On July 1st, Ms. Liao paid the final payment for the car to the 4S store, the total price of the car was 288000 yuan, and she was promised that the delivery procedures could be completed on July 10. What Ms. Liao didn't expect is that.

  Zhengtong car 4s store 2020-08-18
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  Zhengtong Motors, a former luxury car dealer, expects to lose 8 billion in 2020.

  Zhengtong Motor issued a profit warning on March 28th, predicting a loss of 8 billion yuan to 9 billion yuan in 2020. Zhengtong said that the loss was mainly due to (1) the impact of the epidemic in the first half of 2020 and the increasing pressure on the Group's liquidity position led to a continuous decline in the group's financial performance in the second half of this year; (2) this situation led to a significant decline in the performance indicators in the dealer agreement between the group and automobile manufacturers, resulting in the termination or suspension of some dealer authorizations, and the withdrawal and revocation of some supplier rebate rights. A number of distributor authorizations have been terminated or suspended and the group has treated some of its underperforming 4S vendors.

  Straight-through car 2021-03-29
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  There is something wrong with the 4S store in the south of China Auto, which is owned by Zhengtong Automobile, and dozens of people can't pick up the car.

  Recently, a number of 4S stores have problems one after another, but consumers have been unable to pick up the car for a long time. Through inquiry, it is found that some 4S stores belong to Zhengtong Automobile Group, and the cause of the incident is the financial problems of the group. Recently, a luxury car 4S store in Guangzhou has also been exposed, dozens of people are still unable to carry cars. Ms. Li, a citizen, reflected to the media that she paid full money to buy a car at a CNAC South Jaguar Land Rover 4S store in Guangzhou, which has been unable to mention the car for more than 2 months. And dozens of people have also suffered. Ms. Li said she bought the car on July 2, the earliest of the 36 owners in April, and has not mentioned the car so far.

  Straight-through car 2020-09-27
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  It is also exposed that there are many cases of non-delivery of cars in breach of contract, and it is difficult for Zhengtong Automobile Dealer Group to have cash flow.

  Zhengtong Automobile Group, a giant of Chinese car dealers and one of the core dealers of luxury brands, is facing financial difficulties. Many of its dealers have been repeatedly exposed that it is difficult to pick up cars, but consumers are unable to pay for cars. Procrastinate again and again. This time, it was revealed that there was a problem with China Auto South, which is owned by Zhengtong Automobile. According to recent media reports, Mr. Wang spent 320000 yuan on June 13 to buy a Jaguar XFL2.0 in Haikou "Hainan China Automobile South Automobile sales and Service Co., Ltd.". After signing the purchase contract, the 4S store promised that the final delivery time would be July 28, but Mr. Wang did not.

  Car dealership 4S store 2020-07-30
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  The luxury dealer was accused of fraud, and consumers complained about collecting money but failing to pay the car.

  According to media reports, a number of Zhengtong's 4S stores have mortgaged their vehicle certificates to banks, and many consumers have encountered difficulties in picking up their cars in their 4S stores, even after they have paid in full. In July this year, many consumers complained that Zhengtong Motor's Foshan Baoyun BMW 4S store paid money but could not pick up the car. at the inquiry of consumers, the sales consultant of the 4S store said that the vehicle certificate mortgage could not be redeemed in the bank due to the company's financial constraints. In addition, many consumers also complained that Zhengtong Automobile's Hubei Bocheng Automobile sales and Service Co., Ltd. could not buy Buick, Chevrolet and other brands of cars.

  Straight-through car 2020-07-23
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  Hainan CNAC South 4S store was announced that many people could not lift the car and could not get a refund.

  Recently, a number of 4S stores of Zhengtong Automobile Group have had accidents one after another. due to capital problems at the headquarters, 4S stores can not deliver cars from banks to consumers, nor can they give consumers a refund, so they have been complained by many consumers. In this case, a luxury car 4S store in Haikou was also exposed, and the local market supervision and administration issued a consumption warning to consumers-this 4S store is risky and needs to be cautious in car purchases. It is understood that since July this year alone, a number of consumers have complained one after another that after buying a car from Hainan Sinochem South Automobile sales and Service Co., Ltd., they could not pick up the car or refund it at the appointed time. In desperation.

  Zhengtong car 4S store 2020-10-14
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  Face recognition revealed customer privacy, and hundreds of 4S stores from a dealer were named.

  Face information belongs to personal unique biometric information, which has become the payment password and account password of many users. Because users can not change their face information, once leaked, it will seriously threaten users' property security, privacy security and so on. According to the relevant explicit provisions, face information belongs to biometric information, but also belongs to personal sensitive information, personal information collection should obtain the authorization consent of the subject of personal information. In the March 15 Party last night, CCTV Financial Channel exposed the illegal behavior of many well-known brands in many domestic industries using face recognition technology to collect customer information, including the brands or enterprises named.

  Straight-through car 2021-03-16
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  A BMW 4S store in Jingmen was advised to suspend car sales.

  Unable to pick up the car after paying in full, the BMW 4S store was delayed again and again, and finally the 4S store was "punished" under a number of consumer complaints.

  4s store BMW 2020-09-06
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  You can't mention a car. A BMW 4S store in Foshan was pulled by a banner collectively by car owners.

  A number of consumers have been unable to get their hands on the new car, and Foshanbao runs a BMW 4S store saying that it is difficult to turn around and procrastinate again and again. In desperation, consumers finally embarked on the road of safeguarding their rights. According to netizens, a number of consumers pulled up banners in front of the BMW 4S store in Foshan Bao to ask for an explanation in this way. It is worth noting that Foshanbao runs BMW Automobile sales and Service Co., Ltd. under the "Zhengtong Automobile Service Co., Ltd.". And a number of dealers under Zhengtong Automobile Group have been exposed that they have breached a number of defaults and failed to deliver their cars, which is said to be due to cash flow difficulties encountered by Zhengtong Automobile Group as the head office.

  BMW 4s store 2020-08-24
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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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  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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  Guanghui Group, which has nearly 800 4S stores, saw its net profit plummet by 60% with a debt of 90 billion.

  ​ has been hit by the epidemic this year, which has affected many car dealer groups. Following Zhengtong Motors'"group capital problems" and "redemption of non-redemption certificates" and other problems, profits have changed from profit to loss after frequent incidents of consumer rights protection. Guanghui Automobile, as the largest car dealer group in China, has also fallen into a big decline, which shows that the market situation is particularly difficult this year.

  Guanghui Group 2020-09-02
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  The company was administratively fined 500000 yuan for illegally charging car loan service fees.

  Since the beginning of this year, the car loan business violations have been severely investigated and dealt with, and a number of companies have been punished one after another. On November 27th, the China Banking and Insurance Regulatory Commission issued an administrative penalty decision, which showed that Shanghai Dongzheng Auto Finance Co., Ltd. charged for loans when it handled part of its loan business from June 2018 to March 2019. According to Article 16 of the measures for punishment for Financial violations, the Shanghai Banking and Insurance Regulatory Bureau decided on November 9 to impose a warning on Dongzheng Financial and fined 500000 yuan. According to data, Dongzheng Financial was established in March 2015 and is the first domestic distributor approved by the China Banking and Insurance Regulatory Commission.

  Auto loan auto industry 2019-11-29
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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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  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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  2022 Top 100 Dealers ranking: Zhongsheng Group ranks first

  On May 26, the China Automobile Circulation Association released the "Top 100 list of Chinese Automobile Dealer groups in 2023". Previously, the China Automobile Circulation Association released data that unprofitable dealers accounted for more than 70% in 2022, with less than 30% of dealers making profits, compared with 2000 for the whole year.

  Cars dealers groups new energy revenue growth business not for used cars brands China data sales Guanghui top 100 2023-05-26
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  Failed to enter China three times, Genisse sold less than 1500 cars a year.

  In 2022, the domestic luxury car market accumulated sales of 2.702 million vehicles, an increase of 1.9% over the same period last year, with a market share of 13.2%. The overall performance showed an upward trend. This is not only due to the continuous efforts of the old traditional car companies, but also closely related to the rapid rise of new energy car companies. However, the current luxury car

  Nisai Brand Market China Automotive luxury sales Operation Business models products methods subsidiaries consumers Shanghai 2023-01-22