In recent times, the China Automobile Dealers Association has received a large number of member companies' feedback, indicating that the persistent "price wars" and other factors have led to drastic changes in the auto market, causing auto dealers to be deeply mired and facing a prominent issue of extremely tight liquidity. The Association immediately conducted extensive research and analysis to comprehensively reflect the current financial difficulties and shutdown risks faced by auto dealers as much as possible. Recently, based on this, the Association formally submitted an "Urgent Report on the Current Financial Difficulties and Shutdown Risks Faced by Auto Dealers" to the relevant government departments (referred to as the "Report" below), analyzing the sharp increase in shutdown risks caused by the currently tight financial chains faced by auto dealers and making relevant policy suggestions, timely reflecting the pressing real issues faced by auto dealers, and providing effective basis for government decision-making.
“价格战”引发经销商资金链断裂问题，中国汽车流通协会向政府部门递交紧急报告
"Price wars" have triggered a problem of dealers' financial chain breakdown, and the China Automobile Dealers Association has submitted an urgent report to the government departments.
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