In Yancheng, Jiangsu, Senfeng Group Seems to encounter serious problems with delayed vehicle delivery and other issues
TapTechNews July 8th news, according to today's reports from car media such as Autohome and Dongchedi, recently, many consumers reported that they purchased vehicles from Senfeng in Yancheng, Jiangsu, but failed to take delivery for a long time, or couldn't license the cars after getting them because there was no vehicle qualification certificate, and Senfeng Group seemed to have a blowout, and the boss has also lost contact.
Public information shows that Senfeng Group Co., Ltd. owns more than 60 4S stores and more than 25 agent brands, and its Senfeng International Automobile City is the largest in Yancheng City and also the largest automobile trade concentration area invested by individuals in the entire East China region.
The company was registered and established in 2003 and operates 25 Chinese and foreign brands such as Audi, Mercedes-Benz, Lincoln, Maserati, Cadillac, Buick, Chevrolet, Beijing Hyundai, Imported Volkswagen, FAW-Volkswagen, SAIC Volkswagen, Ford, Peugeot, Infiniti, Renault, Nezha, Zero Run, XPeng, AITO, NIO, etc.
Reports quoted informed sources as saying that Senfeng is facing a very serious cash flow problem, and employees have not received wages and social security payments on time for about more than 4 months, with accumulated arrears of wages and social security tens of thousands of US dollars.
According to the Interface News report, there were already news several months ago that Senfeng Company's capital chain was tight, and it owed employees' wages and social security for several months. In addition, almost all of the company's assets are mortgaged, and the maintenance packages and stored-value fees involving hundreds of thousands of after-sales retained customers have also been misappropriated. Currently, the phone at Senfeng headquarters has no one answering, and the official website also cannot be browsed normally.
According to TapTechNews' previous report, in January this year, Guangdong Yongao Investment Group Co., Ltd. suddenly collapsed, which caused a sensation. Many car sales consultants said that the vehicles were mortgaged to the relevant banks, and the relevant banks sent trailers to tow away the commodity cars for property preservation.
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