Since GM took the lead in cutting prices at the end of May, it quickly broke the domestic automobile market price balance. In the past two weeks, many car manufacturers have been under pressure to wait and see their changes, and the strong price fronts have been rickety for a long time. According to information recently released by the SASAC Information Center, statistics on state-owned key enterprises in 13 auto industries from January to April this year show that their finished goods inventory has increased significantly. As of the end of April, the total value of finished goods inventory was 14.21 billion yuan, an increase of 27.9%. Some automotive industry people think that the increase in inventory will force companies to adopt price cuts. In particular, the Volkswagen car industry, which once occupied half of the Chinese auto market, has reported under a huge market pressure that the North and South Volkswagen will join forces to cut their prices. Recently, the reporter learned from relevant industry sources that this Wednesday, Shanghai Volkswagen will announce the price adjustment, it is reported that the loosely priced models include the entire series of Shanghai Volkswagen models - Passat, POLO hatchback, POLO sedan, and just listed 3 Month Santana 3000 Transcender. Compared to the 8% decline in Shanghai General Motors, is Shanghai Volkswagen's move "more tricky"? According to industry insiders, "Shanghai Volkswagen's price adjustment will not exceed 8%, and will probably be around 5%." In addition to the previous POLO hatchback, sedan has been adjusted, the lowest price has been in line with international prices, so the decline is not It will be particularly large. The reporter once again interviewed the Shanghai Volkswagen manufacturers and answered with an exact reply. "This week will surely drop," but no specific time was disclosed to the reporter. So will the North and the South public act together? According to the information obtained by reporters from the parties recently, FAW-Volkswagen has remained silent for the time being. Contrary to the industry’s previous rumors that Polaris will cut prices, the reporter learned from an industry friend that FAW-Volkswagen has no plans for price adjustments. The reporter also asked the public (China) for confirmation. Ms. Yang, a public relations department, also denied news that the North and the South have joined forces. However, it can be expected that after Shanghai Volkswagen implements a new price strategy, it will further stimulate the sensitive nerves of domestic manufacturers. Not only will FAW-Volkswagen, Beijing Hyundai, Ford and Dongfeng series, etc., be able to stand still, but will act sooner or later. Source: Shenzhen Special Zone Daily
Shanghai Volkswagen expects the price cut of the entire department to drop by about 5% on June 16
Since GM took the lead in cutting prices at the end of May, it quickly broke the domestic automobile market price balance. In the past two weeks, many car manufacturers have been under pressure to wait and see their changes, and the strong price fronts have been rickety for a long time. According to information recently released by the SASAC Information Center, statistics on state-owned key enterprises in 13 auto industries from January to April this year show that their finished goods inventory has increased significantly. As of the end of April, the total value of finished goods inventory was 14.21 billion yuan, an increase of 27.9%. Some automotive industry people think that the increase in inventory will force companies to adopt price cuts. In particular, the Volkswagen car industry, which once occupied half of the Chinese auto market, has reported under a huge market pressure that the North and South Volkswagen will join forces to cut their prices. Recently, the reporter learned from relevant industry sources that this Wednesday, Shanghai Volkswagen will announce the price adjustment, it is reported that the loosely priced models include the entire series of Shanghai Volkswagen models - Passat, POLO hatchback, POLO sedan, and just listed 3 Month Santana 3000 Transcender. Compared to the 8% decline in Shanghai General Motors, is Shanghai Volkswagen's move "more tricky"? According to industry insiders, "Shanghai Volkswagen's price adjustment will not exceed 8%, and will probably be around 5%." In addition to the previous POLO hatchback, sedan has been adjusted, the lowest price has been in line with international prices, so the decline is not It will be particularly large. The reporter once again interviewed the Shanghai Volkswagen manufacturers and answered with an exact reply. "This week will surely drop," but no specific time was disclosed to the reporter. So will the North and the South public act together? According to the information obtained by reporters from the parties recently, FAW-Volkswagen has remained silent for the time being. Contrary to the industry’s previous rumors that Polaris will cut prices, the reporter learned from an industry friend that FAW-Volkswagen has no plans for price adjustments. The reporter also asked the public (China) for confirmation. Ms. Yang, a public relations department, also denied news that the North and the South have joined forces. However, it can be expected that after Shanghai Volkswagen implements a new price strategy, it will further stimulate the sensitive nerves of domestic manufacturers. Not only will FAW-Volkswagen, Beijing Hyundai, Ford and Dongfeng series, etc., be able to stand still, but will act sooner or later. Source: Shenzhen Special Zone Daily