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Changan Auto cuts new-vehicle prices to revive sales
Automotive News China | 2017/5/30

Chongqing Changan Automobile Co. slashed new-vehicle prices 4,000 yuan to 18,000 yuan ($580 to $2,600) to stimulate slumping sales.

The price cuts, effective May 27, were made to Changan's full product line of microvans, sedans and crossovers, the state-owned automaker said.

The price reductions range from 8 to 13 percent of vehicle list prices.

Changan's China deliveries have been hit hard this year in the wake of Beijing's decision to raise sales taxes on small vehicles. As of January 1, the sales tax on vehicles with engine displacements up to 1.6 liters rose to 7.5 percent, up from 5 percent last year. 

In April, sales of Changan's proprietary brands plunged 50 percent year on year to 44,646. And in the first four months, Changan's own brands delivered 387,246 vehicles, down 37 percent from the same period last year.

Changan, headquartered in the southwest China municipality of Chongqing, operates joint ventures with Ford Motor Cor., PSA Peugeot Citroen, Mazda Motor Corp. and Suzuki Motor Corp. 

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