Car agents tighten payment terms for their distributors
In short
Authorized distributors of several brands say agents now want the full value of delivered quotas paid in the first days of each month, not deferred. They say they must clear stock faster to raise cash.
Authorized distributors of several car brands say that a number of agents have tightened how they collect payment for quotas delivered to distribution networks.
Agents now ask for the full amount due in the first days of each month. Before, payment could be deferred.
The distributors say this leaves them no choice. They are forced to speed up clearing their stock to raise cash.
