China loosing appetite for imported vehicles
In previous ‘boom time’ years, Chinese consumers loved their imported cars, but with the effects of the economic crises, many consumers are holding off from buying big ticket items such as cars. Imported cars are heavily taxed in China, and may receive a double tax if the model in question is of a large displacement.
The first quarter of 2009 will see an expected 10% drop in the demands for imported automobiles. Thanks to the new sales tax which was put in place to prevent large displacement cars from becoming the norm in China, prices of 3.0l to 4.0l cars have risen by 13%, and the cost of 4.0l and above cars have risen by an astronomical 33%. On the plus side for buyers of 4.0l or higher models, manufacturers have instigated some massive price cuts to make their models competitive in the market place.
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“Imported cars are heavily taxed in China”
Good, its time the western world is doing just that with imports from China. Europe started with fasteners from China, Argentinia with mechanical parts, we have a beginning here.
The USA and the western world needs China to keep purchasing US Treasury bonds to help stimulate the world economy ( think Hillary Clinton’s Asia trip). In these tough economic times it is more advantageous for all the countries of the world to work together instead of fighting or pointing fingers at each other like Rodel above is doing. We have a beginning here Rdel . It is called mutual cooperation. Now grow up and chill out
What are the import duties for German cars bought in Canada and shipped to China?
Specifically, new A4, A6 Avante, Q5.