Lanhai Automobile Group faces operational crisis

Lanhai Automobile Group is facing operational difficulties, with nine of its 13 BMW dealerships having had their brand authorization revoked and closed. Lanhai Holdings faces serious debt problems, with over 1.2 billion yuan in execution charges. The impact of new energy vehicles and the decline of the gasoline-powered vehicle market have exacerbated Lanhai's financial pressures. BMW China's licensing management loopholes have also harmed the rights of car owners. However, some traditional gasoline-powered vehicle dealerships, such as Chengdu Zhuzi Car Buying, have bucked the trend and experienced growth, demonstrating that the traditional dealer model still has room for survival.