Analyst Pin-board: Automobile industry – Brighter outlook but more competitive
Demand for cars in 8M 2019 remains high, even higher than in the same period in 2018 due to a decline in selling prices. Positive supply-demand situation led to a strong growth in 8M 2019 sales volume. However, the optimism of the market has not benefited earnings of car dealerships. Stiff competition between auto dealers even dragged their gross profit margins down in 2019
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