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Another 4S shop explodes! New cars cannot be licensed

2024-10-15 Update From: AutoBeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)09/10 Report--

According to the "1818 Golden Eye" report, a number of consumers reported that the car could not be licensed normally after purchase by Shaoxing Lutheran Automobile Co., Ltd., a subsidiary of Polaroid Group.

At the end of May, Mr. Wei bought a Land Rover with a price of 1.35 million yuan and a landing of 1.5 million yuan. According to the information provided by Mr. Wei, he signed a contract with Shaoxing Lutheran Automobile Co., Ltd. on May 25 and picked up the car on May 28, but it was not licensed after picking up the car, even though it had driven more than 8400 kilometers. guess that the vehicle customs order, certificate or 4S store was taken to the bank mortgage, resulting in a normal license. Mr. Wei said that if the car company closed down and there were no plates on the car, wouldn't it be equivalent to buying 1.5 million scrap iron? Later, Mr. Wei reached a preliminary agreement with the 4S store that the 4S store would complete the listing for customers before the last temporary license expires, that is, before September 13.

However, this problem is not an isolated case. Another Land Rover owner, Mr. Chen, revealed that he spent 780000 on Land Rover at the 4S store in June this year and has not been listed for more than two months. Mr. Chen said that the car was bought on a mortgage, which is almost NT $1 million. Now the mortgage is being paid every month, and the car cannot be driven, just for fear that the license will not be available when the license expires, so it will be troublesome at that time.

According to the local market supervision and administration, they have also received complaints from more than 10 Land Rover owners about not being able to sign up. The 4S store promised to solve the license registration problem of the car owners as soon as possible, and will separately contact the car owners to give some compensation according to different situations. However, rather than compensation, car owners prefer to solve the problem of vehicle licensing as soon as possible. 4S store said that the current licensing time can not be clearly given, 4S store is also in follow-up, if there is any progress, we will contact the customer as soon as possible.

According to the enterprise information publicity system, Shaoxing Ludehang Automobile Co., Ltd. is a wholly-owned subsidiary of Zhejiang Baolide Automobile Management Co., Ltd., and the actual control belongs to Poly Holdings Group Co., Ltd. Polaroid Holdings Group Co., Ltd. was founded in 2001, headquartered in Hangzhou, China, covering luxury cars, used cars, fashion boutiques, tourism, education, health care and other fields. Zhejiang Baolide Automobile Management Co., Ltd. is a member of Polaroid holding Group and an entity operating company of luxury car business. it owns nearly 40 international luxury brand experience centers focusing on the Yangtze River Delta, such as Rolls-Royce, Aston Martin, Mercedes-Benz, Jaguar Land Rover, Porsche, Lincoln, FAW-Volkswagen Audi, etc. It has been ranked among the top 20 of China's top 100 automobile dealer groups for many years in a row.

Insiders have revealed that Polaroid Group, which belongs to the 4S store, is in a tight capital chain, and many of the group's 4S stores have been closed in arrears. According to Tianyan information, Shaoxing Lutheran Automobile Co., Ltd. took less than 200sets of "existing and unlicensed Jaguar Land Rover" as collateral to handle a mortgage loan of 52 million from the Shanghai Branch of Ping an Bank. The debtor's debt maturity is from July 16, 2019 to July 9, 2026.

Previously, Zhejiang Baolide Co., Ltd. planned to IPO, and signed tutoring agreements with China Merchants Securities and Guotai Junan Securities in 2017 and 2020 respectively, and was listed by Hangzhou Finance Office on the list of key enterprises to be listed in Hangzhou, but due to many problems, listing counseling was terminated and Poly's listing was finally shattered.

Car dealers collectively fall into a moment of crisis, which is not only the result of the transformation of the automobile industry, but also the inevitable impact caused by the large-scale development of new energy vehicles. Under the influence of the automobile price war, fuel vehicles are facing life and death, and traditional joint venture brands and luxury brands are becoming more and more difficult to sell. In order to seize the market cake, some dealers have to sacrifice profits, price reduction promotion and even "price upside down", but this is undoubtedly drinking poison to quench thirst.

With the decline of traditional fuel vehicles and the continuous growth of new energy vehicles, traditional car dealers are struggling to seek transformation in the changing situation, and the era of "lying down and making money" that once raised prices and sold cars has become a thing of the past. now the most realistic task facing dealers is how to "survive" in the cold winter.

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