Luxury Cars Pile Up in China: BYD’s $6B Loss, Mercedes and Audi Left Unsold!

"A brand-new Mercedes-Benz is now only 170,000 yuan, and with subsidies, you can drive it home for just over 150,000 yuan. And that’s not imported — those are domestically made models. Imported Mercedes-Benzes, once symbols of status, are down to 210,000 yuan, and after subsidies, some are selling for just 180,000 or 190,000 yuan.
“Has the Chengdu International Auto Show gone insane? An Audi A6 is only 250,000 yuan — about 35,000 USD! Plus, Chengdu is offering a 300 yuan subsidy, the government adds 10,000, five provinces are handing out 13,000, and even Douyin fans get a 2,000 yuan bonus.”


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