Chinese car market collapse: Foreign luxury car prices plummet, BYD loses $6 4B, and massive invento

#Chinadeepdive

Hello, this is China Deep Dive. We have all the information you need to know about China at present. Today's topic is:

Recently, news emerged from the Chinese auto market. At the Chengdu International Auto Show, luxury brands like Audi, Mercedes-Benz, and BMW slashed their prices significantly. The base price of a new Mercedes-Benz C-Class is approximately $26,700, and the Audi A4 is around $23,900. However, even with these big price cuts, sales remain sluggish. This reflects the severe challenges facing the Chinese auto market.

Recently, a blogger commented that luxury brands like BMW, Mercedes-Benz, and Audi have fallen from grace. At an auto show, he asked a salesperson about the price of a Mercedes-Benz C-Class. The salesperson responded that if you choose the cheapest version, you can pay in full or with a loan. The current lowest quote is around $35,000 to $36,000, and there are discounts available, which can even lower the price. Prices of other luxury models are also falling.

Your support allows us to produce more high-quality videos.

Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.