Some 4,000 dealerships will close across China in 2024, trade group warns

A Buick dealership — The number of stores slated to close is much higher than in recent years. (YANG JIAN)

November 27, 2024 03:48 PM

About 4,000 franchised dealerships will be shuttered this year amid an intensifying price war in the new-car market and shrinking demand for fuel-powered vehicles, the China Automobile Dealers Association said.

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