The recent comments by Wei Jianjun, Chairman of Great Wall Motors, have struck a chord in the automotive industry, earning praise for their realistic and insightful perspective. The scenario he envisioned—used cars priced akin to scrap metal with no viable repair options—is slowly unfolding amidst a spate of dealership closures. Amidst the swift evolution of new energy vehicle companies, several brands have exited the market, leaving used cars stranded in a "three noes" dilemma: no parts, no technology, and no distribution channels. Consequently, residual values have plummeted, owners' rights have been compromised, and urban governance is grappling with new challenges.
