80 Car Dealerships Suddenly Collapse Overnight, Thousands Left Carless Despite Making Payments

Рет қаралды 155,534

6 ай бұрын

Living in China is truly unfortunate. It was agonizing to deal with the unfinished housing projects, and now even buying cars has become a fiasco! In January 2024, while people were still basking in the false joy of the "5.2% GDP growth" data released by the Chinese government, a car company quietly imploded. Recently, Guangdong Yong'ao Investment Group collapsed due to a broken capital chain. Overnight, over 80 of its 4S automobile dealerships closed, leaving thousands of customers who had paid unable to receive their cars, leading to mass protests at the stores.
#chinaobserver
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Пікірлер: 486

@robhappe906 6 ай бұрын

Customers buy an apartment and get nothing. Customers buy a car and get nothing. Chinese have a Government but get nothing!

@Onion_Knights 6 ай бұрын

put money in banks, u will have nothing too

@user-1rg9f2-g3l6d 6 ай бұрын

And then you have all these empty "ghost cities" like Ordos, Mini Paris, Thames City.

@andis9076 6 ай бұрын

No wonder Chinese couple doesn't want to give children to government, their children will get nothing.

@riotguards 6 ай бұрын

the government does tons of stuff, like finining them for having an unkept bed, sitting funny, being "overweight" and generally just taking bribes and making life unbearable

@oregonherb7538 6 ай бұрын

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂BOHOOO!

@Enjoymentboy 6 ай бұрын

The sheer level of dishonestly and corruption is almost unbelievable. What is most disgusting about this is that NONE of this happened "overnight". Every single one of the dealers KNEW this was going to happen well before it did yet they still kept selling cars, taking the money KNOWING they would never actually have to deliver them. This issue alone should tell every single foreign company to NEVER invest in china.

@midnightowl452 6 ай бұрын

Just goes to show that if they have no problem doing this to their own citizens, best believe they have no qualms doing corrupted shit to foreigners, and only GOD knows for how long. China's economic downturn will be hitting different levels of hell like they've never seen...

@stevenkwan5589 6 ай бұрын

This is China ! As long as u have quanxi with garmen u can cheat and just bride garmen official.

@tiefblau2780 6 ай бұрын

Do you like 2nd hand? Not even second hand Jow Quality... Lol on top of that Delays LoLoLoL

@Fireguy97 6 ай бұрын

One of the most popular and accepted sayings in Chinese culture is, "If we can cheat you, we will cheat you." Chinese culture is very much a me, me, me lifestyle.

@Shineon83 6 ай бұрын

Corruption has been a national character trait of the Chinese for over a millennium-with few countries able to boast of a better-documented history-among all levels of society.…It is one pathology that can’t be blamed on the CCP-as it long preceded it (CCP members simply cheat on a grander scale ). Corruption is ubiquitous because the ppl ALLOW it

@apborick5796 6 ай бұрын

Are there any business in China that aren't corrupt?

@lovemybeer99 6 ай бұрын

Most likely not.

@coraltown1 6 ай бұрын

no, not a one.

@defeatSpace 6 ай бұрын

not since all the foreigners left

@ronnelacido1711 6 ай бұрын

When you buy recycled oil, the dealer will give you real recycled oil, so at least that's honest.

@vueport99 6 ай бұрын

There are honest businesses. But they are small businesses. Cuz to get to this scale with so many dealerships you need govt approval getting loans, property zoning, permits...... Which means you need to have someone with clout backing you up... Which means lots of money under the table. That's how it works in China

@robhappe906 6 ай бұрын

It means that foreign businesses can’t make down payments to Chinese companies for export orders. They may lose their money!

@judymckee5992 6 ай бұрын

Good point, or foreign companies that supply china companies will not get paid too.

@tiefblau2780 6 ай бұрын

Do you like 2nd hand? Not even second hand Jow Quality... Lol on top of that Delays LoLoLoL

@JoeBManco 6 ай бұрын

I am so thankful that I do not live in China.

@murrowboy 6 ай бұрын

WTF? Is this even legal? So you can put a down payment for a large purchase and the company can just take all of it and run away??? China is unreal, I can't imagine the amount of trust the citizens have for anything.

@truxton1000 6 ай бұрын

It happens all over the world the same way when a company go bankrupt. The difference is the coordinated scale of it, smells of corruption.

@thomaslycke6990 6 ай бұрын

COD is the best way of payment.

@tedthesailor172 6 ай бұрын

I don't think this is `legal' even in China, but when the cops are bent, the courts are bent, the local authorities are bent and the government don't give a toss, what is legal and illegal becomes pretty academic....

@murrowboy 6 ай бұрын

@@tedthesailor172 I'm confused at how you even have a functioning society if this is the norm. Why would anyone buy anything? Why does money exist? Whatever money you spent will either be fake or worse they just vanish? I'm blown outta my mind, so people who own cars in China just got lucky their car dealer didn't just take their deposits over night. People who own houses are just very lucky the company didn't just decide to take their money at run. what the hell.

@darklucida 6 ай бұрын

Nope. What I heard is they pretty much took all the money and fled the country. This happens all over the world. They left the country where the authorities have jurisdiction so yeah...

@crow2989 6 ай бұрын

With the amount of people losing their life savings and losing assets they already paid for, i can see the growing resentment towards companies and the CCP itself because it’s what’s allowed the companies to go unchecked for so long. We might see a new china in the next decade, if not this one.

@hebrewyisraeliteyahawadahite 6 ай бұрын

*How many times do I have to tell you people? Whenever anyone becomes financially poor, he, or she will become mad, sad, miserable, depressed & then lastly suicidal, because due to him, or her losing his, or her ROI, he, nor she cannot financially support himself, or herself, their kid(s), family members, etc.*

@diedampfbrasse98 6 ай бұрын

@@hebrewyisraeliteyahawadahite that maybe true for the asian or african third world nations ... but most other cultures get their arses up, unite and force change whenever their system fails them and the national economy runs against a wall. Hell, thats how several central and east european nations ended their "socialist" dictatorships in order to become first world economies/democracies. "become mad, sad, miserable, depressed & then lastly suicidal" thats only true for those who are lost causes already even before facing poverty ... all who have at least half a working brain and a basic education on history easily avoid your dim path downhills. "How many times do I have to tell you people? " zero times, one time already being one too many ... its defeatist bullsh*t anyway.

@Toastcat890 6 ай бұрын

The smell of revolution is in the air.

@pablosskates7067 6 ай бұрын

@@Toastcat890mao killed tens of millions of people yet they’re still in power. Not so easy me thinks

@mohhingman 6 ай бұрын

All part of a rugpull. Those poor people.

@redluck01 6 ай бұрын

The root cause is the government subsidizing electric cars. When you distort the car market with subsidies, the market falls apart.

@thomaslycke6990 6 ай бұрын

No, the root cause are the CCP and communism led market. Will never ever work.

@RezaQin 6 ай бұрын

Well, the root cause is communism and the CCP, but sure.

@BlackPill-pu4vi 6 ай бұрын

The root cause is China's adoption of predatory-style capitalism. Don't tell me about the classic industrial capitalism that you might have learned about in school. This is NYC predatory capitalism that steals wealth legally. It's legal because the dualcitizen Tribe and their associates set up those legal protections before they began stealing everything.

@RatTerminator 6 ай бұрын

Plus they Don't work Tofu Dreg😊

@Mobraks 6 ай бұрын

The government subsidizing electric cars in Norway worked fine. Maybe it depends on how the government subsidizing electric cars

@marcomalo02 6 ай бұрын

Chinese rip-offs? Say it ain't so, Joe.

@OddZodd 6 ай бұрын

6 months of unpaid wages sounds like bankruptcy 😅

@calebastria 6 ай бұрын

The Swedish bank SEB today set the predicted value of Volvo Cars & Polestars stocks to ZERO. Made in China was a death blow to former Swedish brand Volvo.

@jackwilbur9419 6 ай бұрын

What person would work for 6 months without being paid

@Toastcat890 6 ай бұрын

@@jackwilbur9419 They don' have a choice in China as you can be black listed if you complain and might not be able to get another job.

@OddZodd 6 ай бұрын

@@calebastria I doubt it'll stay like that long, but the damage has been done...

@tiefblau2780 6 ай бұрын

Do you like 2nd hand? Not even second hand Jow Quality... Lol on top of that Delays LoLoLoL

@sfreak1990 6 ай бұрын

Buy Lexus. Japanese engineers are excellent.

@michaelbizon444 6 ай бұрын

"Living in China is truly unfortunate". Best most understated opening line I've heard all month! Keep up the good work here. o/

@picketf 6 ай бұрын

that's the first sign of Sino-fication. Every Chinese no matter how rich or poor is always pessimistic and melancholic about their future. It's a nationwide sentiment to always be in a state of worry and disatisfaction. It's also why gambling is so prevalent in China.

@srz3732 6 ай бұрын

@@picketfmass shorting, homeless, looting, drugs, medical bills, bunch of pedos, involve in 90% of wars etc.. how do you guys not even ashamed of yourself?

@srz3732 6 ай бұрын

@@picketfyou guys literally live like pets of elites, god would never forgive your guys for supporting killing millions of millions people, every Penney you pay for tax are blood from innocent people from other countries

@michaelyork4554 6 ай бұрын

Corrupt laws, corrupt corporations, run by corrupt people, under a corrupt government, means the people get screwed. Business as usual everywhere in the brave new world we live in.

@jaimecampos4700 6 ай бұрын

I don't blame the poor guy for crying. I would too if I was him.

@WhatWillYouFind 6 ай бұрын

I currently live in Vietnam right now. All these videos from China are completely beyond what would be considered real, these kinds of things aren't happening in Vietnam. It really goes to show you how corrupt and poor the economy just across the border.

@cjmuniz12 6 ай бұрын

This poor guy was trying to get the car to drive for a ride sharing place, so sad!

@marcelk3847 5 ай бұрын

@@WhatWillYouFindi like products made in vietnam better than china. Greetings from germany stay strong brother

@JJ-rp2df 6 ай бұрын

Finally, China's reputation for shoddy quality and practices is catching up and hitting home. Its only fair that Chinese share the pain of customers abroad. Ofc conspicuous consumption and property will save the day, as beloved always in China.

@auggieeast 6 ай бұрын

6 months without getting paid? I've heard of others going 2 years, but I just don't get how that could work. Why pay to go to work if you don't get a check?

@rober657 6 ай бұрын

Bc it’s also very hard to find a job there.

@carstenkh 6 ай бұрын

How glad to be a European, we have buyer safety rules. No one can close down overnight without paying back any payments done in beforehand.

@hansel2001 6 ай бұрын

One of the things you can not do in America is delay a paycheck. It’s a cultural thing. In most Asian countries, it’s common not to be paid on time. China being China.

@HKim0072 6 ай бұрын

This is why the CCP won't let the big real estate developers go into bankruptcy. Assets have 2 lien holders and the banks will always get senior status. Average people will be left holding the bag.

@howardmaryon 6 ай бұрын

I dont think the ccp really care about the customers at all, it is more about “saving face”

@HKim0072 6 ай бұрын

@@howardmaryon Dude - it's extremely practical. Bankruptcy would be a nightmare. _The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said. “We estimate that there are around 20 million units of unconstructed and delayed pre-sold homes,” the analysts said_

@tedthesailor172 6 ай бұрын

Yet if China was a truly communist country, the people should get first call and the banks come last...

@twest3686 6 ай бұрын

That's funny, how did the head of ever grande declare bankruptcy in the U S? He gets a divorce, his x takes all his cash (personally bankrupt) and now they live in chinada. The money is gone, top dogs paid off in the c c p.

@uss-dh7909 6 ай бұрын

@@howardmaryon face is the only thing that matters.

@watchout5508 6 ай бұрын

Im suprised theres still any 'Public Faith' in China...

@Toastcat890 6 ай бұрын

There isn't China is just making it look that way

@alapaticornell4391 6 ай бұрын

U pay for a 0 car. Might as well get a Tofu car😢

@hunggiang1475 6 ай бұрын

It hard to express dissatisfaction when you have no voice or rights.

@toekkababy5329 6 ай бұрын

Fascinating that 1.5 billion of them can live like that

@Hotpack7279 6 ай бұрын

It is unbelievable how less *Common Sense* the Chinese Folks got in advance. In Europe you would never pay years over years for housing without living in it. My last Carpurchase was absolutely greenlighted by the Bank but the Bank paused the Moneytransfer until i gave the OK. The Greenlight from the Bank was shown to the Dealer and he prepared the Car for me. The Day i got my Keys and Paperwork i called the Bank and gave the Money a GO.

@AndrewTSq 6 ай бұрын

I know many people that rent their housing. Its very common in sweden atleast

@Hotpack7279 6 ай бұрын

Yes, of couse. Rent is something different. But no one would pay rent for an apartment that they don't even know or at least don't live in. . In many cases, the Chinese only know roughly which settlement they bought in, but didn't even know which of these 40 houses or which apartment/floor it was. And often they did it 2-3 times at the same time. They simply paid month after month for accommodations they had never seen. And all to future-proof a family with a wife and children he will never have. @AndrewTSq@@AndrewTSq

@NeoReibert 6 ай бұрын

@@AndrewTSqRenting a house is different from paying a house as the future owner of it for multiple years without even living in it You would never be the owner of the house by renting it even your whole life as you pay your rent to the actual owner of the house

@billyberner 6 ай бұрын

It’s almost like you can educate a newborn human to believe anything when you hide information from them!? Who woulda thought!! 💀💀🧠

@padgaprao2617 6 ай бұрын

Ah yes … the culture of “ anything to gain an advantage “ How’s that working out for the country ?

@xavierviaene5022 6 ай бұрын

The magic dream of expansion and growing GDP is also over in China when such large sales companies fail to their obligations towards their customers who already paid for a car. Something is really going on wrong in China these days ...

@vueport99 6 ай бұрын

The dream is very much alive, as is the GDP. Reality doesn't matter. It's all smoke and mirrors

@bu_is 6 ай бұрын

chinese in china always go from one to another extremes in almost everything

@johnjordan8022 6 ай бұрын

This is more backlash from that zero covid policy in place for too long. Dealerships never recovered from that long period of citizens not allowed to work. That's why so many companies left China and small companies shut down.

@DemoNinja79 6 ай бұрын

Technically he shouldnt have to pay for the car loan since he hasnt collected the keys yet. There was no handover. But still, i feel sorry for him that he paid tens of thousanda in downpayment.

@dnlmachine4287 6 ай бұрын

Banks never lose. The guy is farked. Stay gold.

@Koushi82 6 ай бұрын

@@Billy_the_fish1 its a collateral loan as the car is collateral the bank can have that unfinished car like the unfinished houses

@ricksworlddereaux2397 6 ай бұрын

Scamming is a big problem.in china..😱🇨🇳you need be very carefull..i also lost 800$ last year to chinese Sellers that not shipped out.

@willpugh-calotte2199 6 ай бұрын

So, in China, if you deposit money into a bank, you may not be able to get it (all) back again. If you take out a loan or make down payments towards something big like an apartment or a car, you may lose your money and not get the thing that you paid for. If you work for an employer on the understanding that you'll be paid your due wages at the end of the pay period, you may not get your pay. The poor Chinese will be too afraid to do ANYTHING requiring any trust in someone else. Keep your money under the mattress. Only buy things where you will receive the goods immediately on payment. Do day labourer work where you will (hopefully) get paid at the end of the day for that day's labour. They're heading for a zero-trust dystopia.

@ColdStuff-cf7jv 6 ай бұрын

I am sympathetic to these Chinese because the Chinese are getting screwed whether it involves buying apartments or brand new cars. Pretty much the Chinese got robbed but instead of getting robbed by a petty criminal it is the government or business doing it instead.

@paulholbrook7315 6 ай бұрын

Yes, and the crooks that have stolen these trillions have largely fled to the West........You know, places like Vancouver, Toronto, LA, SF bay area, NYC, Sydney, etc................Better watch them folks, they're corrupt to the bone.........

@ernestsomogy9552 6 ай бұрын

Why do so many people in china work without paid salaries for so long that they are unpaid for literally months. I stop working after the first unpaid week

@kingsleykronkk3925 6 ай бұрын

They have little to no choice to gamble on finally being paid, as there is no social security net to survive on and if they protest or complain on social media they will be locked up.

@ravenralph123 6 ай бұрын

My company was involved on car maintenance we have bought parts in China to save money and the parts are actually okay to use but since the EV uprising in China those vehicle parts have sky rocketed it's prices, with all of the red tape involved and unfriendly terms for foreigners, my company switched suppliers to Japan,India and Vietnam as the trade wars started. Well companies in China, are there for raw, materials, cheap labor and cheap products but as the CCP going against foreign companies not on the product quality have fallen with super strict laws.

@NeoReibert 6 ай бұрын

Im confused, Japan produces low quality products? Did I misread your sentences? Products from Japan should be quite good. I used to drive a Mitsubishi 20 years ago and I loved this car. Or was the „cheap products“ meant for Chinese stuff?

@ravenralph123 6 ай бұрын

@@NeoReibert Sorry for the grammar English isn't my first language as I'm from the SEA region. But we do have Japanese vehicle parts which are the best out there but they are quite expensive and only a few costumers request for those items. To explain further more we use Chinese parts before as they were okay not just the best or worst quality at that time, the contracts from China back then were okay but when the CCP pushes their EVs, that's when the change happened the quality of parts suddenly begins to be degrading while those items starts to became expensive then the companies there are beginning to become unwelcoming to foreign companies not just us. So after everything went to normal after the pandemic, our company had reached out to Indian and Vietnamese companies and ordered more from Japan leaving the Chinese market as they were outright hostile to foreigners and their items are too expensive with substandard item quality.

@SteveEddy-od7fb 6 ай бұрын

I've been a mechanic for 35 years and I've had so many repair jobs sabotaged by LOW quality parts usually made it CHINA 😮

@alapaticornell4391 6 ай бұрын

Please don't forget what happened at Tiananmen Square..where 100s if not in the thousands. The CCP still to these day have not release the # of student protester that were massacre in the square that day. Also remembet what the CCP did to Hong Kong😂. We ❤ u Taiwan🎉

@pioni2 6 ай бұрын

Their mistake was paying beforehand. I never pay anything beforehand, and even then I'm using credit card, allowing me to get the account reimbursed if something unexpected happens.

@suasponte6230 6 ай бұрын

Ive heard that foreign executives are being prevented from leaving the country

@MrGaiakid 6 ай бұрын

wait, they do it backwards there? Cause here in the US, you sign a contract to pay X dollars a month, do some kind of down payment and you just take the car and pay off the rest with the monthly payments while you use it. Do you have to pay the car off completely over there before you even get it?

@DemoNinja79 6 ай бұрын

Its the same here in other Asian countries too. Things must be different in Communist China i guess.

@adrianb4121 6 ай бұрын

No, dont think so. But it doesnt seem like you take delivery the day you sign paperwork. Or in the guy's case, the down payment was like a deposit while he got a bank loan approved. Here in the US, no money is transfered until both parties agree on a bank loan that can be approved, sign all the paperwork, and then take delivery (with paperwork in hand ans proof of purchase/lease). The registration is then signed directly to the buyer with the title held by the bank directly until the loan is paid. The dealer is no longer handling anything but the registration/licensing paperwork. Even if they close, you should have proof of purchase/lease on hand allowing you to deal with the bank directly. The Chinese model sounds like you are dealing with a loan shark middleman who can take your money and run.

@ManfromNowhere233 6 ай бұрын

Seems like a common occurrence in China. Despite their futuristic looking cities - without a good foundation - law & order, fairness, enforcement, sound financial services, legal system, etc. its all pointless. Good for visit. But not to live there.

@kyrusinek 6 ай бұрын

Why would you not liquidate and warn people, it cant be that hard to "finish" selling what you have already sold. Corruption in the CCP is wild.

@Ovokor 6 ай бұрын

workers, only be loyal until your next pay check, If you are not paid then you don't work. Company financial problems are not yours, do not shoulder part of the burden of poor financial choices.

@Ukie88 6 ай бұрын

The great leap backwards in cccpland.

@dnlmachine4287 6 ай бұрын

"Aaaaaannnnd its GONE! Its gone its all gone. POOF!" I feel bad for some of the people. But the ENTIRE idea of loans and credit to buy disposable items that have huge depreciation is incredibly stupid. The banks and corporations have trained us to be slaves to credit and loans and banks. Good luck with that. Stay gold.

@jdmjesus6103 6 ай бұрын

This. I gave up on debt years ago and haven't looked back.

@Angel_the_Bunny 6 ай бұрын

If you can cheat, then cheat.

@MasticinaAkicta 6 ай бұрын

Aaaaand it is GONE!

@topsuperseven7910 6 ай бұрын

It's crazy you just posted this an hour ago because about 10 hours ago the craziest thing outside our building. At first I thought it was a wacky coincidence that there were 5 identical new white cars parked out front (can see from my window) then two more and two more and soon there were 20, 30, more kept coming until the entire block and ever parking spot is lined with white, silver and grey cars and what looks to be 3 different models (and SUV kind, maybe 20 of those) and more would show up, mostly in twos and threes, drivers get out and go somewhere and return again. I just said to someone the best explanation is that it's a nearby car lot and perhaps they got a big shipment but had no room in their lots? The ensuing comedy was someone losing it outside because (as far as I can make out from the yelling) all the parking spots are full so where can he park now? Yes, they are not just on the street but are all over in any and all parking spots lol wow.

@patientzero291 6 ай бұрын

This can happen to anyone, but the economic trouble within all industries of China collapsing like dominos is scary.

@civotamuaz5781 6 ай бұрын

Happens to communists more often than not.

@vueport99 6 ай бұрын

Cuz they have been living a lie for years and rather than fake it till you make it, they pocketed all the money

@Galactica55 6 ай бұрын

why they pay for a car, that they didnt receiced? For me as german its sounds crazy; first the goods (car), then pay

@RCTPatriot75 6 ай бұрын

As an American that sounds insane. I just bought a new car and I had driven the exact car I was purchasing and had the keys in hand before I put the deposit down and signed the paperwork.

@Kyntteri 6 ай бұрын

Apparently down payment or even full payment before even seeing the car is normal procedure in China. Even contract terms are tofu-dreg.

@billyberner 6 ай бұрын

Bro that’s all they know!? You Europeans are supposed to be smart. How can you not see they’re brainwashed 😂. Get smart pal

@MajCyric 6 ай бұрын

That's a pretty FAIL way to run a car dealership.. Take a loan for "X" amount on a car you hope to sell, then sell said car for "Y" less than you owe the bank on the loan you took out... The price difference + the interest would tank any "profit margins" on a car sale.... No wonder the owners took the money and fled..

@LoveLovingLoveInc1 6 ай бұрын

These videos be so hard to believe thank you for sharing the truth

@MrTynanDraper 6 ай бұрын

You want to find the dealership owners? They are probably all here in Canada living in their brand new homes they bought outright.

@user-jl1dy7il4k 6 ай бұрын

At least they know what side of the road to drive on.

@q1000q 6 ай бұрын

"Living under the false narrative of 5.2% GDP growth" 😂

@jamesbowskill362 6 ай бұрын

Thats JUST 80 of the 25000 dealerships across china...........Long way to go folks. !

@richardle899 6 ай бұрын

Don't kill yourself over a car loss. 😢

@hebrewyisraeliteyahawadahite 6 ай бұрын

@twest3686 6 ай бұрын

Not just a car over there for them. He will still owe the bank FOREVER if he signed a loan. Then his family and all their kids. Probably the bank already knew they were going under. The bank may have already given the money to the dealer, then he's really screwed.

@siomaiwrapper5229 6 ай бұрын

Not just car(house) loss. It also comes with the loans one has to pay back without getting anything in return. No car/house yet still paying loans. Then the bank/ccp seizes your savings! The chinese dream! Ah china...

@BlackPill-pu4vi 6 ай бұрын

@@twest3686 They went from Maoism to unregulated NYC-style predatory capitalism.

@robhappe906 6 ай бұрын

Tofu contracts

@robhappe906 6 ай бұрын

Exports are based on paying partly in advance but that’s not a good thing to do

@roccobellucci7883 6 ай бұрын

Here today gone tomorrow.

@LuckyNikitaBoba 6 ай бұрын

Thank god I'm living in the US. Shit like this doesn't happen in the US.

@gh-dw3tg 6 ай бұрын

"Open your eyes...look up to the skies and see"- Bohemian rhapsody (Queen)

@TT-dp8qh 6 ай бұрын

Those dealerships are running by the state enterprises!

@roger5322 6 ай бұрын

LMAO........ Car dealership with Chinese characteristics....😮

@AdamKazarian 6 ай бұрын

Can anyone confirm the clips used have valid translations to them? I just have a gut feeling all the videos on this channel are just bait.

@JohnWilson-wg4gk 6 ай бұрын

🤔 Seems sketchy, doesn't it ?

@EllieMaes-Grandad 6 ай бұрын

So many of them are similar. @@JohnWilson-wg4gk

@Upgradeo8 6 ай бұрын

Never put down payment on a car.

@bearxbunny1835 6 ай бұрын

Craziness

@David-fj5lz 6 ай бұрын

This will happen all around the world now, the EV evaporation

@oscargrainger2962 6 ай бұрын

Bollocks this would never happen in the U.K.

@Howdoyoupurr 6 ай бұрын

Who will protect customers from greedy people spending other peoples money. No one.

@EllieMaes-Grandad 6 ай бұрын

Caveat emptor.

@Fireguy97 6 ай бұрын

That should be very interesting. Not sure how the Chinese car manufacturers work, but with Honda and Audi, the dealerships do not own the cars. I don't understand how the banks can confiscate a car for loan payments if the dealership doesn't own them.

@gRosh08 6 ай бұрын

Uncle Ry-Ry said it was just like watching a FIXED FIGHT! Uncle Ry-Ry asked when the Hell are folks going to wake up! Uncle Remus said never mind, it is too late. So sorry.

@stevenphillips3466 6 ай бұрын

Its time to say " Si ah Nara "

@dageevil 6 ай бұрын

I feel sorry for these people. I don't understand how people haven't risen up against powers that be.

@matt1863 6 ай бұрын

It didn't work out well the last time they tried.

@commonsense5741 6 ай бұрын

The Chinese economy in 3 words. SMOKE AND MIRRORS.

@ninedragons1 6 ай бұрын

I feel bad for those people who didn't get their cars, but I wonder what would happen if this was US. What would happen if I paid for a car from a dealer only not to get it?

@intel2133 6 ай бұрын

You should pass a year in Brazil to prove the remedy.

@Hemidakota 5 ай бұрын

This is a good time for major automotive manufactures to step up and deliver cars to those who were caught in this scam. DONATION TIME.

@enricomercado4671 6 ай бұрын

They should put the car payments into escrow, so it will not be released to the dealership until the car is delivered and all titles and registration is complete ajd submitted to the car buyer.

@amelierenoncule 6 ай бұрын

To be honest, mes amis, ALL EV's, vehicles of a Fool's Paradise, are but a fanciful dream...a Wet Dream.

@KCL2021 6 ай бұрын

That's happening in the USA. Soon or later, car so expensive here 😊

@onlineshoppingjakarta7338 6 ай бұрын

Cash on delivery for safety

@theodosios2615 6 ай бұрын

This is insanity! How is the law allowing this?

@Kevin19700 6 ай бұрын

Scary times ahead in the China auto market. And with over a hundred electric car companies there is no way they will all survive. I foresee a 90% bankruptcy rate by the end of 2024.

@rockylee4696 6 ай бұрын

Do you use samsung galaxy s24 auto language translation ?

@vandalsavage1 6 ай бұрын

Is hard to feel sympathy.

@civotamuaz5781 6 ай бұрын

Why? Common people getting effed over by corrupt bussiness class.

@hunterno7704 6 ай бұрын

A bit racist tbh, the issue of China doesn't come from the working class. It comes from the government and corproations.

@billyberner 6 ай бұрын

If you’re dense and not intelligent then yes… I’ve been to China, the people there are just people. Being lied to and manipulated by their government. It’s not their fault.

@EllieMaes-Grandad 6 ай бұрын

Naïveté on steroids. @@civotamuaz5781

@Crazybirdlady23 6 ай бұрын

Omg, cars now ? Along with houses…. Wow , the whole way they do things over there seems to be collapsing….

@irandude1655 4 ай бұрын

They have to remember that being sad is not allowed in China anymore. They need to film themselves being very happy while complaining about anything.

@milkshake519 6 ай бұрын

Everyone over the world are losing their savings for other reasons ... curious eh.

@quixomega 6 ай бұрын

Get another example of consumer protections being nonresistant in China. Those poor people.

@JC-uz3ey 6 ай бұрын

why are these guys protesting at closed stores?

@gamingbigfats3934 6 ай бұрын

Car is not an investment. Buy a used one and drive it till wheels fall off.

@motoringpinoy228 6 ай бұрын

Is that how anyone is financially unsecured in China?!

@nageshlali 6 ай бұрын

GDP is not 5% but it is ---45% ( Minus 45 percent)

@danwithguitar 5 ай бұрын

If this channel has taught me anything, it's that rich people are the same all over the world.

@michaelsmith5583 6 ай бұрын

People are way too trusting. I see and take the vehicle the day I pay. Working without unpaid wages, hahaha. No dice

@SubtleReed 6 ай бұрын

I don't think you have to worry over there in China. Because probably in that area there's thirty million millionaires. China's freakin Loaded with cash

@calisurf5386 6 ай бұрын

Did they pay cash? Just call the bank and explain the situation

@chocolate-ou4kq 6 ай бұрын

That's normal in China. It's only a car. They even do the same to property. Look at all those tofu buildings

@set3777 6 ай бұрын

Compared to the PRC, already independent Taiwan is doing BETTER. Taiwan has a GDP per Capita about 2.6X that of the PRC Taiwan’s Unemployment rate at Dec 2023 was ONLY about 3.5% Taiwan's trade balance is always POSITIVE and about USD11 billion per month eo 2023. Taiwan supplies 70% of the World's Semiconductors and CPU requirements. ALL 3 makers of IPHONES & Apple products are Taiwanese Companies that provided employment in PRC and now in other countries too. Many other Taiwanese Companies also provide employments in the PRC. Taiwan’s Foreign Exchange reserves is 1/6 that of the PRC but population is 1/60th that of the PRC. So Taiwan is 10 times better, Taiwan’s Government debt to GDP ratio is only about 27%. China’s debt to GDP ratio is about 76%. Taiwan's universal health care is much better Taiwan’s Life Expectancy is 4-5 years longer than the PRC

@mikariekki5708 6 ай бұрын

So, is everything in China a crowdfunded project where you pay first and then hope that you get what you paid for?

@PeterWilliamson-nn9et 6 ай бұрын

The banks hold the car as collateral against the loan…don’t they?

@alanheath7056 6 ай бұрын

The Bloke who got a Bank Loan if he paid by Credit Card for Car he should be able to Recover money through the Bank's Insurance.

@AndreasScout 6 ай бұрын

LOL IF YOU CAN CHEAT THAT CHEAT as the CHINESE saying goes

@ducknorris233 6 ай бұрын

4S or SSSS

@colemarsh13 6 ай бұрын

Excellent coverage 👏🏻 👍🏻 👌🏻

@scottdennis8287 6 ай бұрын

if something like this happened in America there would easily be riots over it. you really think a car dealership here would get away with taking tens of thousand of dollars from many people and just get away with it? this country is not what it used to be by any means but that wouldn't fly here.