China's Ministry of Commerce to hold a meeting with carmakers to tackle the problem of zero-mileage used car sales
Delia Niculescu
International
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China's Ministry of Commerce will discuss with industry organizations and automakers, such as BYD and Dongfeng Motor, the rising sales of used cars that have not been driven. The phenomenon, dubbed 'zero-mileage second-hand cars', has arisen because of the industry's price war, with an estimated 3,000-4,000 sellers involved. The strategy is being used to boost new car sales. Shares in some carmakers fell on the stock market following the meeting's announcement.
Sources
„Mașini la mâna a doua cu kilometraj zero”. Ministerul comerțului din China a convocat producătorii auto din cauza unui fenomen ciudat apărut în piață
China convoacă producătorii auto din cauza unui fenomen bizar apărut în piață: "Mașini second hand cu kilometraj zero"
Beijingul ia în vizor vânzările de "mașini second-hand cu zero kilometri". Ministerul Comerțului convoacă marii producători auto
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