Second Hand Car Prices
Though Volkswagen has refused the rumour of "normal price hikes in April" because of its passenger cars in China, speculations for car cost raises in China continue to be rampant. Mr Rao Da, Secretary-General of National Passenger Car Information Change Association, suggested that car cost inflection factors might look this season or the next. Due to increasing fresh products and labour expenses, it is estimated that price per vehicle might improve by 1500 to 3000 yuan (RMB:USD = 7:1) in 2008. Actually for upgraded versions, the cost might however increase as a result of associated moulding, checking and machinery tools. Nevertheless the brutal competition in China's automobile market has deterred most auto businesses from unilateral cost hikes. Hidden price hikes As clear value raises may possibly attract resentment from customers, several producers are now launching new models to acquire larger prices. And some enhanced types may also be ultimately raising rates with t...