Reported about 10 hours ago
Car dealers in China's Yangtze Delta, a major automotive market, are urging automakers to rethink their sales strategies as they grapple with high inventories and fierce price competition. A joint letter from four dealer associations highlights issues like forced low pricing, disorderly competition, and the risk of financial instability, pressing for adjustments in inventory management and sales targets. As a price war continues despite regulatory calls to halt it, the dealers warn that these challenges could threaten their solvency.
Source: YAHOO