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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

In the past two days, rumors have surfaced that BMW dealers are offering massive subsidies for the i3 in China, and that consumers who pay full cash for the car can even get the model for RMB 120,000 to 180,000, less than half the retail price. The rumors and the dealers' moves come as the Chinese auto industry is staging a rare price war.

Dealers 116
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Changan's EV brand Shenlan offers up to $6,030 discount on vehicle purchases

CN EV Post

(Image credit: Shenlan) Shenlan, Changan Automobile's new energy vehicle (NEV) brand, is offering consumers tens of thousands of yuan in incentives to purchase vehicles as the auto price war in China continues. In addition to the Shenlan brand, Changan is offering car purchase incentives for its other sub-brands.

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China to allow extended sales periods for ICE models based on existing emissions standard, report says

CN EV Post

Price war has been the most talked about topic in China's auto industry this month, and the imminent implementation of a new emissions standard is seen as a major factor. On March 23, China's Auto Dealers Chamber of Commerce (CADCC) called on regulators to delay the implementation of the China 6b emissions standard.

Standards 110
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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. As per industry estimates, about 4.1 Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold.

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China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

CN EV Post

This article is being updated, please refresh later for more content. percent from the same period last month, according to figures from automotive industry consultancy ThinkerCar. Li Auto has introduced a consumer purchase price protection benefit that covers all of the company's currently available models -- Li L7, Li L8, Li L9.

BYD 87
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Tesla’s pricing strategy comes down to one key difference from its competitors

Teslarati

While legacy automakers are not prone to cut prices by that much, Barron’s notes in a recent article that substantial price cuts for these companies are usually $1,000, and not the $13,000 that Tesla is able to apply to its vehicles because of its dealership model: “Tesla, of course, doesn’t have a traditional dealer network.

Price 106
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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

The used car industry is generally three to five years behind the trends in the new car market. While the purchasing power may be different, customer aspirations are the same. However, over the years, the presence of organised players in the industry has gone up. The preference for SUVs is growing. during 2023-28.

Market 52