China Passenger Car Association (CPCA) Secretary-General Cui Dongshu pointed out the gross margins of mainland auto dealers are relatively low, market competition pressure is high, and the profits of used cars have not yet improved effectively, Chinese news broke.

There is a great room for improvement in their survival status, he said, expressing hope that relevant departments will take action promptly to research and introduce phased financial relief policies for the auto dealership sector.

Suggested measures include that relevant departments should swiftly organize a special survey of the financial environment in the auto dealership sector, sort out the financial needs of top 100 auto dealership groups, regional leading dealership groups, and small and medium-sized auto dealers, and study and formulate financing support policies for the auto dealership sector.

This would guide financial institutions to beef up support for the auto dealership sector under the premise of legal compliance and controllable risk, thereby further enhancing the function of financial service circulation.
~



AASTOCKS Financial News
Website: www.aastocks.com

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