Tariff Cut Caused 24 Car Firms to Decrease Prices in Germany

On May 22, 2018, the State Ministry of Finance issued an announcement that the import tariff rate of whole vehicles will decrease from 25% to 15% from July 1. Less than three hours after the tariff reduction policy was announced, Tesla announced that it would adjust the model price in China. Subsequently, the major car companies with imported car business have announced price adjustment programs. According to incomplete statistics from the interface news reporter, as of May 30, a total of 24 car companies responded positively, 16 of which gave clear price reduction details.

Judging from the average price reduction, the most aggressive car company is Mercedes-Benz, with an average price reduction of 69,700 yuan.

Judging by the vehicle system, the most real thing in this wave of price cuts is Volvo from Sweden, with an average drop of 6.85%. The second German car, with the highest average price cut, was RMB 57,800.

In terms of models, the average decline of SUVs and cars is equivalent, with 6.63%.

For different price ranges, the more expensive the car is, the higher the price reduction will be. For example, the average price of imported cars with a pre-sale price above 1 million was as high as 111,200 yuan, with an average decrease of 6.94%.