SMM

The survey report on the survival of national automobile dealers in the first half of 2023 released by the China Automobile Dealers Association shows that the proportion of dealers who completed the semi-annual sales target in the first half of this year was 24.9%, and 56.9% of dealers reached more than 80% of the target indicators. Among them, the luxury import brand dealers achieved the target better, and 32.4% of the dealers in this sector completed the semi-annual sales target. In addition, the survey shows that in the first half of this year, the number of loss-making dealers accounted for 50.3%, the profitable dealers accounted for 35.2%, and the flat ones were 14.5%. The gross profit margin and after-sales gross profit margin of used cars showed a slight increase.