BYD sales down – slashes prices to stay competitive
BYD was China’s wonder brand in 2009 when it rose from nowhere to become one of the leading car companies in China, just over 12 months later BYD’s sales are falling faster than a disgraced politburo cadre.
According to BYD representatives quoted in Chinese media reports, 5 BYD models are to get their prices slashed by upto 15,000rmb in a bid to keep BYD’s sales above water in what is set to be a testing year for the young company.
The F0 will see price cuts of 4000rmb to 5000rmb, the F3 will see its price cut by 3000rmb to 10,000rmb, the F6 will get 10,000rmb taken from its price tag, the F3r will drop by 5000 to 6000rmb and the G3 will see the biggest cuts with between 10,000 and 15,000rmb being wiped off its price tag.
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They should start selling to developing countries. A lot of them need cheap cars and it helps for their brand awareness,too.
Yeah China car market is still growing. I wonder why Build Your Dreamcrap is down?