Chinese Auto Dealers Involve in Difficult Times
2009-03-24 Source：english.chinabuses.com
In China, although individual auto buyers will not be directly impacted by the tightening loan policies under the financial crisis, those auto dealers troubled by overstocks and limited cash flows find it difficult to gain loans from banks and auto financing providers.
According to relevant statistics, about a third of Chinese auto dealers made profits, another third maintained a balance, and the others were in the red in past years. But nowadays, only 20 percent can make a living, and the remainders are all suffering losses.
Huang Kun, board-chairman of Beijing Jingbaohang, said, “We are keen on only two things. One is the automakers' further plans in the Chinese auto market, such as their outlook on the Chinese market and how many new marques they would introduce to China, and the other is how many buyers will come to us next year. ” Whatever, whether dealers can make profits depends on the automakers' willingness to let them share profits.
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