China’s Car Dealers in Tears: Car Price Freefall, ￥190,000 Cuts Still Unsold, Turning New to Rust
As the year ends, major Chinese car brands have intensified discounts and engaged in a price war, launching full-scale price reductions. Some automakers have slashed prices by as much as 190,000 yuan, causing consumers to feel betrayed. Amid the current economic downturn, the Chinese automotive industry is believed to be facing severe sales challenges.
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