Audi among luxury makers lowers prices in China amid VAT drop

Shanghai (Gasgoo)- Gasgoo summarized yesterday the premium carmakers' announcements to cut prices in China after the government decided to lower the value-added tax (VAT) for manufacturing industry to 13% from 16%. On March 19, Audi also joined the group, saying, as of today, it will cut prices on the entire model series before the VAT cut policy is officially implemented.

Involving entire lineup of Audi-branded locally-produced models, the official guide prices will be reduced by up to RMB55,000, according to FAW-Volkswagen. However, the retail prices for delivery should be fixed by authorized dealers.

FAW-Volkswagen reported earlier this month that it delivered 118,053 vehicles in February, a year-on-year drop of 5.3%. Of that, deliveries of Audi brand (including imported models) edged up 2% from the previous year to 40,008 units.

Last month, Audi saw its locally-produced model deliveries slightly grow 1.3% over the year-ago period to 36,666 units. Specifically, the sales of the Audi Q3, the Audi A4L and the Audi A3 reached 4,831 units, 10,888 units and 5,396 units, jumping 23.6%, 16.7% and 13.4% year on year respectively. Besides, the Audi A6L, the all-new Audi Q5L and the all-new Audi Q2L gained nice performances after the changeover with 7,829 units, 6,385 units and 1,337 units handed over.