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Suffering Losses of 8 Million Yuan Yet Hesitant to Shut Down: 4S Dealerships Caught in a Collective Predicament Where Persisting Proves More Economical Than Withdrawing
22 hour ago /
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Author：小编
At present, automotive 4S dealerships are grappling with tremendous challenges. Numerous outlets are experiencing losses amounting to several million yuan. However, they are reluctant to shut down because the costs associated with exiting the business are prohibitively high. As a result, continuing operations, albeit reluctantly, becomes their only viable option. An owner of a 4S dealership in Nanchang revealed that his outlet has already incurred losses surpassing 8 million yuan. Nevertheless, closing the store would lead to even more substantial losses, encompassing debt settlements, payment of tax arrears, and penalties for contract breaches. Consequently, he finds himself with no alternative but to persist in operating.
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