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Home Auto Loans

China’s Car Market in Chaos: Dealers’ Doom? 10,000 Close in 4 Years, Unfinished Car Sales

by Editor
October 2, 2024
in Auto Loans, Videos
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China’s Car Market in Chaos: Dealers’ Doom? 10,000 Close in 4 Years, Unfinished Car Sales
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From the start of the pandemic till now, over 10,000 4S shops have closed. According to the China Automobile Dealers Association, the variety of 4S shops that closed down in 2020, 2021, and 2022 have been 2,362, 1,400, and 1,757 respectively. Data from Auto Home signifies that greater than 2,500 4S shops closed in 2023, setting a brand new document.
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