vehicle prices further slows down in December, reflecting an aggressive effort by automakers to clear out 2008 models, according to price monitoring data from the country's top economic planner.
China's National Development and Reform Commission (NDRC) has unveiled last month's auto price monitoring data collected from 36 major Chinese cities. The data shows domestically built vehicle prices fell 1.04% month on month but up 0.60% from the same month in 2007.
Domestically-made passenger vehicle prices fell 1.26% m/m and 1.17% y/y, marking a third straight monthly drop. Commercial vehicle prices fell 0.57% m/m but up 3.02% y/y.
Imported vehicle prices fell 0.50% m/m but up 5.11% y/y, of which prices of imported sedans declined 1.39% m/m while prices on imported SUVs went up 0.68% m/m.
By Ally
The news is provided by Gasgoo.com
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