According to comments ascribed to Luo Lei, Deputy Secretary General of the China Automobile Dealers Association, average inventory at Chinese vehicle dealerships has worsened to unsustainable levels, forcing many to offer deep discounts and some to sell vehicles at a loss. According to a Bloomberg report, Luo contends that OEMs need Subscribe to Automotive World … Continued
According to comments ascribed to Luo Lei, Deputy Secretary General of the China Automobile Dealers Association, average inventory at Chinese vehicle dealerships has worsened to unsustainable levels, forcing many to offer deep discounts and some to sell vehicles at a loss.
According to a Bloomberg report, Luo contends that OEMs need
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https://www.automotiveworld.com/articles/94177-china-auto-dealers-warn-on-inventory-glut/
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