China: Locally-made car prices dip in April

The average price of China-built vehicles fell 1.1% year-on-year in April (down 0.2% month-on-month), reports Bloomberg, citing data from the National Development and Reform Commission. On the other hand, the price of imported cars rose 4.3% year-on-year in April. As demand for new vehicles slows, several OEMs have started cutting prices, Subscribe to Automotive World … Continued

• By Webmaster
• May 17, 2011