The situation is dire for the Chinese auto market. Entire chains of 4S dealerships are shutting down and disappearing. In smaller cities, weak local economies and low car sales make it understandable why dealerships face such heavy losses. But even in major cities like Tianjin, some dealerships have cleared out their showrooms overnight without leaving a single piece of paper behind. Now, all that’s left are groups of stunned and frustrated customers fighting for their rights.
No wonder people online are saying, “Even if you have money, don’t spend it these days. It’s just traps everywhere.”
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