China Automobile Dealers Chamber of Commerce Launches Initiative to Counter 'Involutionary' Competition
2025-06-03 / Read about 0 minute
Author:小编   

Amidst the ongoing transformation and upgrading of China's automobile industry, which witnesses the thriving of new energy vehicles, the industry has grappled with a profitability decline triggered by relentless 'price wars'. The automobile dealership sector has been particularly hard-hit, contending with formidable challenges like heightened operational pressures, burgeoning inventories, and constrained liquidity. In response, the China Automobile Dealers Chamber of Commerce, under the auspices of the All-China Federation of Industry and Commerce, has issued a call to arms for the entire industry. It urges all stakeholders to uphold fair competition, eschew 'price wars', prioritize brand image enhancement, bolster the dealers' survival prospects, refine business policies, streamline the exit mechanism, and collectively propel the automobile industry towards high-quality development.