Gasgoo.com (Shanghai December 7) - One of China's largest dealer networks and once touted savior of ailing Swedish manufacturer Saab, Pangda Automobile Trade, has begun a large-scale price cut at its dealers, the Beijing News reported today.
The sale covers ten commercial vehicle brands and eight passenger vehicle ones, including Haima, Hyundai, Dodge and Kia. Discounts start at ten percent and go as high as 32 percent.
According to Pangda Group General Manager Pang Qinghua, the company's sales model allows consumers to buy vehicles at very close to manufacturer price, with Pangda collecting only one percent in service fees. All vehicles sold are brand new and covered by full dealership warranties.
