This suspect can be an artificial method of maintaining new sales, used by entrepreneurs and manufacturers to perform aggressive planned indicators.
The Chinese Ministry of Community gathered representatives of the automotic industry, including giants such as byd and Dongfeng motor, to discuss the rapid growth of so -called sales “used cars with zero mileage” – cars registered as sold, but in fact not traveling on the road. The Reuters reported this, which refers to an unidentified source.
The reason for the meeting was the statement of Great Wall Motor Wei Jianzyun, who spoke about this phenomenon last week in an interview with Finance. According to him, as a result of many years of pricing in the industry, a new trend appeared in the Chinese market – registered cars with numbers, but without a single mileage of mileage, were sold as used by online platforms. He noted that at least 3-4 thousand sellers in the second market are engaged in it.
It can be an artificial method for supporting new sales used by entrepreneurs and manufacturers to perform aggressive planned indicators.
Representatives of the Chinese Association of Automakers, the Chinese Association of Automobile Dealer and several trading platforms in used cars were also invited to the meeting. Comments from Byd, Dongfeng, Ministry of Commodity or Cada have not been received. The Great Wall and Caam refused to comment.
The news of the meeting negatively affects the sharing of automakers: BYD and leapmotor papers fell by 3.1%, and the Hang Seng Automobile Index decreased by more than 2%.
We remind you, earlier reported that China sells every third new car in the world.
China threats making de -electrical vehicles in Europe
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.