The Zhitong Finance App learned that car dealers had the highest decline. As of press release, Zhongsheng Holdings (00881) fell 5.04% to HK$25.45; Guanghui Baoxin (01293) fell 3.51% to HK$0.275; Yongda Auto (03669) fell 3.09% to HK$3.45; and Meidong Auto (01268) fell 2.15% to HK$8.2.

According to the news, the latest “China Auto Dealer Inventory Warning Index Survey” recently released by the China Automobile Dealers Association shows that in July, the China Auto Dealer Inventory Warning Index was 57.8%, up 3.4 percentage points from the previous year, up 3.8 percentage points from the previous month. The inventory warning index is above the boom and bust line, and the automobile dealership industry is in a recession range.

Currently, dealers' business conditions have not recovered as expected. Dealer inventories have increased since the end of June. At the same time, problems such as continued falling transaction prices, declining dealer profitability, slow return of capital, and tight circulation capital still exist.