China dealers struggle as price war, emissions rules upend market
Chinese new-vehicle dealers are struggling to stay afloat after efforts to clear gasoline-fueled cars before tougher emissions standards taking effect later this year are upended by a bruising price war.
Auto sales — especially of internal combustion engine light vehicles — haven’t bounced back from pandemic restrictions even with hefty discounts done out by major carmakers including BYD Co., Chery Auto, Toyota Motor Corp. and Ford Motor Co. New-vehicle sales fell 20 percent in the first two months of the year, with deliveries of gasoline-fueled cars dropping 30 percent.
With the next phase of China’s emissions standards to be implemented…
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