Luxury Cars Unsellable in China, Dealers Smash Cars, Prices Drop to Cabbage Rates: ￥1M Cars at ￥40K
This blogger is the owner of a second-hand car dealership in Chongqing. While there is definitely a performative element to his sales tactics, it's undeniable that luxury cars like BMWs, Land Rovers, and Mercedes—once out of reach for many—are now losing their prestige as electric vehicles take over. Just to clarify, in China, electric and hybrid vehicles are broadly referred to as "electric" cars. Especially in the second-hand market, these luxury cars have dropped to bargain prices, yet they still struggle to attract buyers. In the comments, people expressed disbelief at such low prices, and the blogger responded by inviting them to the dealership to verify for themselves.
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