Jinwu Financial News | Auto dealers are weak. Zhongsheng Holdings (00881) fell 2.14%, MeiDong Auto (01268) fell 1.72%, Zhengtong Auto (01728) fell 1.64%, and Yongda Auto (03669) fell 1.08%.
According to the news, in December, dealers were under pressure from the dual indicators of the company's operating indicators and single-store sales at the end of the year, so a price war is imperative. A relevant person from the China Automobile Dealers Association said, “Despite a moderate recovery in automobile consumption, it is still far from dealers' goals and expectations. As we approach the end of the year, dealers receive year-end rebates and continue to consume inventory in exchange for price in exchange for volume in order to achieve their goals throughout the year.”