M Idea Investor Feedback on Our "Auto Dealer Bottoming-out" Report While investors believe that China's luxury car dealers will see earnings recovery in 2026 backed by dealer store capacity cuts and increasing Huawei Aito profit contribution, there is less conviction that the Mercedes/BMW new model cycle can bring dealer new car profitability back to 2021-22 highs. We published an Asia Insight report "Fewer Stores + More Models = 2026 Recovery" last week, calling for China's luxury car dealers to bottom in ...