China Summons Top Carmakers Over 'Zero-Mileage' Used Vehicles

China Summons Top Carmakers Over 'Zero-Mileage' Used Vehicles

An anonymous reader shares a report: China's Ministry of Commerce is meeting with some of the country's biggest automakers to discuss whether the industry is using a loophole to mask weakening sales. Reuters adds: It comes after Great Wall Motor's Chairman Wei Jianjun said in an interview with Sina Finance last week that a phenomenon called "secondhand cars with zero mileage" had emerged in the Chinese market as a result of the industry's years-…

Are Chinese Carmakers Faking Sales To Mask Weakening Demand?

China’s Ministry of Commerce is meeting with some of the country’s biggest automakers to discuss whether some of them are faking sales to boost their numbers or reach targets. If proven true, it could be masking weakening sales in mainland China.Read More »