China's Ministry of Commerce to hold a meeting with carmakers to tackle the problem of zero-mileage used car sales
Delia Niculescu
International
foto:shutterstock
Always see our news on Google
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
Latest News
22:54
Turkish authorities arrested 162 people in raids against LGBT organizations
22:46
Nicusor Dan attended the Arctic Summit in Rovaniemi and said that Europe’s security is a shared concern
22:40
Boris Johnson and David Petraeus were at the Iagodin railway station during a Russian attack on a Ukrainian train
22:25
The left leads in Sweden, according to exit polls; the right and far right are losing ground
22:13
Donald Tusk warns of a possible intensification of Russia’s operations near Poland> “Russia’s escalation has become a fact”
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
