On the 17th, the reporter learned from the Automobile Taxation Bureau of the Wuhan Municipal State Taxation Bureau that since the second half of last year, the increase in demand for imported cars from Wuhan has slowed for many months.
The reporter noted that in the first half of last year, the increase in the number of imported cars that applied for automobile purchase tax in Wuhan reached about 50%. In the second half of the year, it gradually decreased to about 10%. In April this year, 2021 imported cars were declared to be taxed, up only 4% year-on-year. “Wuhan’s car purchases have increased significantly in the past two years, mainly for family cars. For the just-needed, the joint venture brand is more moderate and attractive.†Chen Zhidong, chief analyst of Zhuyeshan Market, said that from the market performance, many years ago Imported models are all sold at a higher price. This year, not only will not increase the price, but the price will decrease. This shows that the demand in the market is decreasing and the inventory of manufacturers is increasing.
Nationally, imported cars have shown negative growth. According to the data released by China's imported automobile market database on the 13th, the supply and demand of China's imported cars in April both fell again, with the declines reaching 27.7% and 21.13% respectively. Imported cars such as BMW, Mercedes-Benz, Toyota, Audi, Volkswagen, etc., are also "difficult to escape."
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