Market & Industry
New policy of vehicle purchase tax cut tax of 3.68 billion yuan in the first month, helping automobile market warming up

Data from State Tax Administration (STA) showed thatthe passenger car with displacement less than 1.6L segment has a sales volume of 919,000, increasing 7.7% and 11% with October last year and September this year respectively. Apart from several vehicles in process, 891,000 qualified vehicles have been cut tax of 3.68 billion yuan, with significant benefit effects.

Nov. 5 , 2015
Cadillac and Many other vehicles are sold online at a 50% discount for “11.11”

This year, Aliqiche, a Chinese autonews website jointly established by Alibaba Group and SAIC Motor, has a unprecedentedly big sale of vehicles for the Nov 11 online shopping spree (short for 11.11). Cooperating with manufacturers and franchisers, Aliqiche launches more than 50 models, totaling about 30,000, for the sale. Some of these vehicles are even 50% off.

Nov. 2 , 2015