Gelonghui, March 5 | Zhongsheng Holdings fell more than 7%, MeiDong Auto fell more than 5%, and Guanghui Baoxin, Zhengtong Auto, and Yongda Auto all fell. According to the news, the inventory warning index for Chinese car dealers in February 2024 was 64.1%. The Distribution Association said that judging from dealer feedback data, 71.5% of dealers believe that demand and sales volume in the February car market did not meet expectations. After the Spring Festival holiday, car companies set off a “wave of price cuts.” According to statistics, at present, 14 car companies have officially announced price cuts. Looking ahead to 2024, dealers believe that demand for automobiles will continue to grow in the second half of 2023, but competition will be more intense, and they will continue to face problems such as falling new car prices, high inventory pressure, tight capital, and low bicycle profits.
港股异动丨“降价潮”继续 汽车经销商股全线下跌
Changes in Hong Kong stocks 丨 “wave of price cuts” continues to fall across the board in auto dealer stocks
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