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Nearly Half of China’s Car Dealerships Lost Money in the First Six Months: Report

2019年09月26日 19:59 来源于 财新网
Study by online auto services platform Lechebang says 44% were unprofitable from January to June as downturn hit
Visitors consult a sales consultant at the Kunming International Auto Show in Kunming, Yunnan province, on June 27. Photo: VCG

Slowing demand for cars is putting pressure on China’s auto dealerships, with nearly half reporting losses in the first six months of this year, according to a new industry report.

The study from Shanghai-based online auto services platform Lechebang, which surveyed 2,493 dealerships in 320 cities and comprised dozens of car brands, found that 44% made a loss during the period from January to June. Only 29% turned a profit, while 27% said they broke even.

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