The product quality problem of Sotheby's automobile company is one of the main reasons leading to the suspension of production. It is reported that this brand of cars often have various quality problems, such as engine failure and brake failure. These problems not only harm the interests of consumers, but also affect the company's image and reputation, resulting in a decline in sales.
Sotheby's lost its edge in the market competition. With the increasingly fierce competition in the automobile market, many emerging automobile manufacturers have emerged. The emergence of these competitors made the market share of Sotheby's automobile company decline continuously, which led to a sharp decline in the company's income and profits and eventually closed down.