Hunan dealers suspend car pickups from Hyundai, huge inventory pressure

Hunan dealers recently sent an open letter to Beijing Hyundai, stating that due to excessive inventory pressure, operating difficulties and serious losses, they decided to suspend car delivery from Beijing Hyundai from August 8, 2024. They asked Beijing Hyundai to immediately solve their inventory problems and fulfill their previous commitments and incentive policies. The letter was signed by 9 dealers. Beijing Hyundai said it is looking into the relevant situation.