The 4S network of domestic brands continues to expand, while the network scale of joint venture brands and luxury brands declines

In 2024, the 4S network of domestic brands will continue to expand, with a total of 21,144 stores, a year-on-year increase of 1.7%, and the number of domestic brand 4S stores will reach 64%. On the contrary, the network scale of joint venture brands and luxury brands has declined, with the total number of joint venture brands reaching 7,744 stores, a year-on-year decrease of 13.5%; the number of luxury brands is 3,990, a year-on-year decrease of 1.4%.