China’s car prices down 5.7 percent in 2007

Shanghai. January 9 (Gasgoo.com) – China’s domestically made car prices has dropped 5.7 percent in 2007, a price decrease similar to the year of 2006, according to a survey conducted by Cheshi.com.cn.

The survey finds that A0 class cars (compact cars) dropped 6.6 percent; A class cars (mid-segment cars) dropped 6.5 percent while B class cars experience a 4.8 percent and C class a 2.9 percent price drops.

In 2007, the prices of A00 class vehicles (subcompact cars) dropped 3.1 percent, a price cut similar to that of 2006. Chery QQ, Changhe-Suzuki Beidouxing, Changan-Suzuki Alto are in this segment.

Among the A0 class vehicles, Chevrolet Lova, AVEO, Citroen C2, Fiat Palio, Kia Rio have seen more than 10 percent drop in prices; Honda Fit, VW Polo, Peugeot 206, Chevrolet Lova and AVEO have experienced price falls of varying margins.

In 2007, A class cars (mid-segment) price dropped 6.5 percent, which is slightly smaller than the drop in 2006. Starting in March, Buick Excelle began to cut prices; in the first half year, Volkswagen, Peugeot, Citroen, Chery and Geely announced price cuts and in the second half year, Hyundai Cerato, Elantra and new Peugeot 307, Nissan Tiida lowered prices.

Also last year, B class (mid-high segment) car prices dropped 4.8 percent, a price fall slightly smaller than a year before. Chevrolet Epica, Hyundai Sonata, Kia Optima, S-MAX, Mazda 6, Audi A4 in this segment has seen price drops.

The C class cars (luxury segment) prices dropped 2.9 percent, more significant than a year earlier. Among C class cars, the prices of BMW 5 series, Benz E class dropped 6 percent, which is more significant than other models in this segment.