Articles Tagged with "Dealer"

Gasgoo.com (Shanghai) - Suffering from a lagging economy, burgeoning inventories and struggling stock market, the Chinese automotive dealership industry has seen both demand and sales fall. Despite the fact that automotive manufacturers have used several measures to counteract these trends, including cutting prices, limiting production and offering subsidies for automotive dealerships. However, these measures have not been enough to solve the problems dealership networks are facing. Most dealership networks in the country have reported falling net profits for the first half of this year.

Gasgoo.com (Shanghai September 6) - Dealer inventory early warning index stood 48.7% in August, down 1.6% on a year-on-year basis, first below the 50% safe index after 10 months, according to China Automobile Dealers Association.