In Chinas auto market, worries grow that cashback deals and gifts presage damaging price war


In the nearby city of Ningbo, a Toyota Motor Corp dealership offering 10 free oil changes saw April vehicle sales return to pre-virus levels and is aiming for sales in May to climb 10% month-on-month, its marketing manager Chen Xiaotian told Reuters.

HANGZHOU, China/SHANGHAI: Cashback offers, up to 10 free oil changes, generous prepaid gasoline cards - these are just some of the giveaways China's auto dealerships are using to woo customers out and about after spending much of February and March in lockdown.

For the most part, they are getting the job done.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , auto , car sales , Geely , Toyota ,

   

Next In Business News

Go Hub secures Bursa Malaysia's approval for listing on ACE Market
FBM KLCI drifts sideways in search of fresh leads
Grandtech Cloud Services welcomes Justin Tiew Senn as new APAC vice president
UOB posts small drop in quarterly profit, confident of maintaining key margin level
Singapore's MAS asks DBS to identify reasons for disruptions, The Strait Times reports
Ringgit opens lower against US$ amid Middle East tensions
CTOS prospects remain bright despite court ruling
FBM KLCI stays firm, but profit-taking pressures mount
S&P, Dow extend closing streaks despite Disney drag
Trading ideas: Sime Plantation, Sapura Energy, Power Root, OCK, Pekat, Yinson, Mobilia, Siab, Ireka

Others Also Read