US EditionChina auto industry inflates sales by exporting new cars as 'used'
- In 2024, China exported approximately 436,000 used vehicles labeled as zero-mileage, mainly to markets in Russia, Central Asia, and the Middle East.
- This practice arose after China lifted export restrictions in 2019 and local governments actively supported zero-mileage car dumping to boost automotive sales and meet growth targets.
- Local governments provided export licenses, tax rebates, infrastructure, and online platforms like Alibaba to help over 100 Sichuan-based sellers export zero-mileage used cars.
- Changan chairman Zhu Huarong urged a crackdown on these exports on June 7, warning the practice 'could enormously damage Chinese brands' image abroad' as experts noted rising market tensions.
- The expansion of zero-mileage exports illustrates how China’s auto industry inflates sales and may face regulatory challenges amid growing international concerns over market impacts.
17 Articles
17 Articles
Started by the Chinese offensive, the war of prices is a recurring issue, with manufacturers looking for ways to fight, through cheaper cars and aggrieved strategies. However, it appears that the car industry of...
A sales practice of Chinese car manufacturers leads to international unrest and far-reaching consequences. Even Beijing criticizes the manufacturers – although the state probably supports their practice in part actively.
China auto industry inflates sales by exporting new cars as 'used'
China's auto industry has inflated car sales for years through a burgeoning government-backed grey market that registers new cars right off the assembly line and then ships them overseas as "used" vehicles.
China auto industry inflates sales by exporting new cars as 'used
BEIJING/SHANGHAI: China’s auto industry has inflated car sales for years through a burgeoning government-backed grey market that registers new cars right off the assembly line and then ships them overseas as “used” vehicles.
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