Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "China’s Auto Market Crashes! OVER 4,000 4S Stores Shut Down(11/Day), 50% In Losses, Sales Tumble 80%" video.

  1. China’s Auto Market Plummets: Over 4,000 Dealerships Declare Bankruptcy at an Alarming Rate of 11 per Day, Resulting in 50% Financial Losses as Sales Plummet by a Staggering 80%
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  2. 4:12 was the funnies sentence about 'due debts'🤣🤣🤣🤣🤣😂😂😂😂😂😂😂😂😅😅😄 📉 China's automotive market experienced a dramatic decline in sales, leading to closures of 4S stores and financial struggles for car dealership groups. 00:49 Sales in China's automotive market dropped for the first time in two decades in 2018. 00:49 The COVID-19 pandemic had a brief positive impact on gasoline car sales, but the overall downward trend continued. 01:04 A price war initiated by Tesla and a subsidy policy sparked by a collaboration with Dongfeng Motors led to significant price drops in car models. 02:05 Fossil fuel vehicle sales continued to decrease, resulting in closures of traditional sales channels, including over 1900 4S stores in 2021 and 4000 in 2022. 02:51 Around 55% of car dealership groups faced bankruptcy or severe losses, with only a small percentage managing to turn a profit. 03:34 📉 A critical lack of liquid capital and inability to meet debts has led to a significant downfall of Pang Da Group, resulting in a massive reduction in its dealership network. 04:41 Pang Da Group delisted from the Shanghai Stock Exchange on June 30th due to difficult circumstances. 04:41 Fossil fuel vehicle sales decline, causing losses for 4S stores. 04:51 Chinese car dealers face challenges as the stock warning index spiked at 66.4% in April 2023. 05:03 National passenger car inventory reached a record high of 3.39 million units by the end of May. 05:20 4S auto dealerships employ strategies such as directing vehicles to the second-hand car market and offering preferential rates to employees and media outlets. 06:22 🚗 4S dealerships struggle with low profitability, over-maintenance, and high prices, leading to loss of potential business and alienating customers. 07:55 68% of dealerships confirmed their primary vehicle models are priced below manufacturers' wholesale rates. 07:55 Only 10% of 4S dealerships can boast that half of their transactions are profitable. 08:14 4S dealerships' true profitability lies in customer attraction, maintenance, and insurance services, which have also fallen short. 08:46 4S stores often exaggerate minor issues and charge exorbitant prices for repairs. 09:45 Many consumers prefer alternative repair outlets due to competitive pricing and promotional campaigns. 11:02 ⚡ The rise of new energy vehicles is challenging traditional 4S stores and leading to a contraction in the automotive sector. 11:20 4S stores require car owners to remain loyal for maintenance and repairs, but consumers are increasingly disdaining this policy. 11:20 New energy vehicles are gradually eating away at the market share of fuel vehicles, posing a threat to traditional 4S stores. 11:47 Mainstream new energy vehicle brands prefer a direct-sales model, bypassing 4S stores for sales and maintenance. 12:15 The sales strategy of new energy vehicles is contributing to dwindling revenues for 4S stores. 12:57 The number of 4S stores is predicted to dwindle, especially second-tier stores, as new energy vehicle sales continue to grow. 14:33 🚗 The traditional network of 4S stores is shrinking due to decreasing sales of fuel cars, leading to a pricing agreement in the automotive industry being broken and ultimately revoked. 14:51 Sixteen major automakers signed a 'Commitment to Fair Competition in the Automotive Industry' to prevent excessive price competition and maintain stable asset prices. 14:51 Tesla and Volkswagen Shanghai broke the agreement by implementing price reduction strategies to attract consumers. 15:16 Other automakers faced a difficult situation of wanting to reduce prices to maintain market share but not breaching the agreement. 15:44 The China Association of Automobile Manufacturers revoked the pricing agreement, citing it as a violation of the Anti-Monopoly Law. 15:56 The events reflect challenges to traditional sales and service models in the auto market and the impact of the burst of asset bubbles. 16:10
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