Search Results for "luxury auto"

“Last Jan, July and August sales of exported cars decline the most obviously, and it lasts to the end of this year. Thesituation gets better at Dec this year.” ZHOU Xi, general manager of Jingshunbao BMW 4S shop told reporter, sales of 2013 was 3 thousand, which has increased 20% overmarket performance last year. However, profit has not increasedwith sales growth. Profit of exported car goes downturn is an undeniable truth for many dealers.“Although there is no so called price war among us, we do not win better lift than last year.”An exported car dealer in Asian Sports Village told reporter.

Recently, GM Co. Published China sales volume of this July. Last month’s China sales of GM and its joint ventures amounted to 2.2 million and the former 7 months’ was 17.9 million, increased by 11% year-on-year. And this July the luxury brand Cadillac that GM had made more efforts achieved pretty good accomplishments with domestic sales 3,688 vehicles, increased 82.8% from a year earlier and made unexpected success in the situation that whole luxury auto market growth was slowing down.

Gasgoo.com (Shanghai May 21) - Recently rumors of impending taxes on luxury vehicles have been appearing across the Chinese media. In a report appearing the Nanfang Daily today, an anonymous official from a German luxury car manufacturer confirmed the rumors, but was unable to provide detailed information regarding when such taxes will be implemented. "The Ministry of Finance, State Administration of Taxation and other relevant departments are currently in the process of researching [the policies]," the source commented.