中国汽车流通协会此前表示，今年1-8月，“价格战”已致使新车市场整体零售累计损失1380亿元，对行业健康发展产生较大影响。协会呼吁，政府相关部门能够高度关注当前汽车经销领域所面临的资金困境和关停风险问题，果断采取阶段性金融纾困政策措施，切实防止汽车经销领域系统性风险的发生。Car dealers collectively plunged, as of the time of publication, Grand Baoxin (01293) fell by 17.24%, to 0.168 Hong Kong dollars; Meidong Auto (01268) fell by 16.96%, to 2.79 Hong Kong dollars; Zhongsheng Hldg (00881) fell by 13.33%, to 13 Hong Kong dollars; Yongda Auto (03669) fell by 7.77%, to 1.78 Hong Kong dollars.
According to the Wise Finance APP, car dealers collectively plummeted, as of the time of publication, Grand Baoxin (01293) fell by 17.24%, to 0.168 Hong Kong dollars; Meidong Auto (01268) fell by 16.96%, to 2.79 Hong Kong dollars; Zhongsheng Hldg (00881) fell by 13.33%, to 13 Hong Kong dollars; Yongda Auto (03669) fell by 7.77%, to 1.78 Hong Kong dollars.
On the news front, Cui Dongshu, Secretary-General of the China Passenger Vehicle Association, released a report indicating that the scale of new car price reductions in the first three quarters of this year has reached 195 models, exceeding the 150 for the whole of last year, and significantly higher than the 95 in 2022. Analysis points out that in recent years, the national passenger vehicle market's price war usually grows by about 4 percentage points by the end of each year compared to the previous year, but in 2024, the price war is more intense, with the peak promotion of electric vehicles rising by 7 percentage points and solidifying into a downward trend.
The China Automobile Dealers Association previously stated that from January to August this year, "price wars" have led to a cumulative retail loss of 138 billion yuan in the new car market, significantly impacting the healthy development of the industry. The Association calls on relevant government departments to pay close attention to the financial difficulties and closure risks faced by the current automobile retail sector, decisively take phased financial relief measures, and effectively prevent the systemic risks in the automobile retail sector.
