Volkswagen China has no plan to raise car prices

Shanghai. March 20 (Gasgoo.com) – Volkswagen China denied rumors that both FAW-VW and Shanghai VW would raise imported car prices.

 

The spokesman for Volkswagen China said he had not been informed any anything about a possible price hike in April. “We don’t have any information on price hike next month, either the imported cars or locally-built cars.”

 

The spokesman said VW is trying to absorb the impact of raising raw material prices and will not pass them on to consumers.

 

Prior to VW spokesman’s announcement, other major Chinese automakers, including Chery, Great Wall, Guangzhou Honda and Dongfeng Nissan, declared that they have no plan to raise car prices in the near future.

 

Li Feng, deputy general manager of Chery Auto said his company has been well prepared for this challenge. “We’ve stabilized our car prices early on and we have no plan to raise car prices in the near future.”

 

"The raise of raw material costs is testing our profit-making capability," said Fu Shoujie, deputy general manager of Guangzhou Honda. "We will try our best to minimize the impact of steel prices on our car prices by improving our cost management."

Takehiko Kikuchi, managing director of Dongfeng Nissan Passenger Vehicle Company said his company would not pass the soaring material costs on to car consumers.

 

"The situation we have today is that raw material costs are raising while car prices are falling. This will make competition between car makers even harder," Kikuchi said. "Our key to survive the difficult situation is to try our best to absorb the impact of the climbing costs."