Lates News

Statistics from the China Automobile Dealers Association show that in the first half of the year, the 4S channel network continued to optimize. As of the end of June, the total number of 4S stores nationwide was approximately 32,000, a decrease of 1.9% compared to the end of 2024. The industry is currently undergoing a deep structural adjustment, showing an overall shrinking trend. In terms of brands, the scale of independent brand networks is shrinking for the first time, while the contraction of joint venture brands is narrowing and luxury brands are maintaining their contraction. The network of new energy brands, on the other hand, is growing against the trend, but the growth rate is significantly slowing down.