亚洲精品无播放在线播放,精品国精品自拍自在线,免费国产污网站在线观看不要卡,97色欧美视频在线观看,久久精品本无码一本,国产精品高清视亚洲一区二区,全部无码特级毛片免费播放

Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
Lack of financing puts majority of dealers in red
Adjust font size:

Many auto dealers in China are suffering from financing problems and some might be in danger of bankruptcy this year, according to a recent survey of dealers across the country.

A majority of dealers were unprofitable in 2008 with about 60 percent in the red, said the survey by Lianxin, an independent research company. It polled 1,252 dealers of 21 domestic and foreign brands.

Wang Kun, an official in charge of the research, said the large-scale losses resulted from a number of factors, such as the global economic slowdown and dealers' weakening financing capability.

China last year posted the lowest growth in car sales in 10 years as consumers' economic confidence was dampened.

Wang said financing capability is vital to a car dealer in such a depressing market.

A 4S (sale, spare parts, service and survey) store needs a capital flow of up to 10 million yuan a month, so loans have become an increasingly popular way of financing.

Since last July, several car dealers or 4S stores in Zhejiang and Shanghai have shut down when they failed to repay the loans.

However, 2009 is likely to be a year of hardship: Many car dealers may find access to loans more difficult because banks will impose stricter inspection on the company's capital flow before offering credit.

The survey showed 79.8 percent of dealers worry that banks may increase the criteria for loans, and 92 percent feared that downgrading by any financial institution may make others follow suit.

The survey also showed only 17.3 percent of dealers were "satisfied" or "relatively satisfied" with their fiscal capability. Over 70 percent said they had used private financing with a higher interest rate.

Reshuffling is also a buzzword in the car market this year, the survey found.

Most dealers agree the market is unlikely to pick up in the first half of this year.

Over half of the dealers said they would not refuse acquisitions or mergers and 39 percent "anticipate to be merged".

(China Daily January 15, 2009)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- China auto sales may expand at slowest pace
- Sept. auto sales recover from Aug. but still not optimistic
- Less than golden week for auto sales
- Auto sales downshift during holiday
- China auto sales up 17% in first half year

Jan. 8-9, Beijing Construction Innovation Country Forum Annual Meeting
Jan. 14-16, Nanjing China Expo Forum for International Cooperation
Jan. 29 - Feb. 1, Switzerland World Economic Forum Annual Meeting

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
  • <th id="fomfv"></th><noscript id="fomfv"></noscript>

    <fieldset id="fomfv"><font id="fomfv"></font></fieldset><sup id="fomfv"><menuitem id="fomfv"></menuitem></sup>

    1. <dfn id="fomfv"></dfn>
        1. 亚洲精品无播放在线播放,精品国精品自拍自在线,免费国产污网站在线观看不要卡,97色欧美视频在线观看,久久精品本无码一本,国产精品高清视亚洲一区二区,全部无码特级毛片免费播放 毛片无码免费无码播放 国产精品美女乱子伦高潮 久久男人av资源网站无码 亚洲精品中文字幕AV一本 国产成年无码V片在线 特级毛片直接看不用下载 亚洲深夜无码视频