# luxury car dealers

From Flagship Showroom to Bankruptcy Office: The Fall of Baolide, Once East China's Biggest Luxury Dealer

Baolide, once East China’s largest private luxury‑car dealer and a Mercedes‑Benz flagship franchise in Hangzhou, has been largely vacated and is in formal bankruptcy proceedings. Courts accepted its insolvency filing in 2025 and appointed administrators; showrooms are locked and vehicles bear enforcement notices, raising questions about dealer financing, customer protection and channel stability for foreign automakers in China.