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STOCK MARKET VIEW
China allows parallel imports - bodes ill for premium car prices
Rush to catch slow boat to China? - No more exclusive dealers

Published: Thu, 25 Sep 2014 10:55:45 GMT
 

BMW Export shipping USA China

Grey imported BMW X5 sells for $114,000 versus $165,000 - China’s efforts to force foreign vehicle importers to cut the price of spare parts in particular and sticker prices generally was easily shrugged off by the likes of Audi, BMW, Mercedes and Jaguar Land Rover [JLR], but reports Beijing has freed up the entrance of grey imports might make a bigger impact

According to Bernstein Research, China legalized so called parallel imports at the end of August, and this means that new vehicles like the BMW X5, which retail at dealerships for almost $162,000, are appearing on the market sourced also from the US at close to $114,000.

Chinese business regulators have begun punishing foreign companies for alleged monopolistic behaviour in industries ranging from cars to technology, in areas of the market in which China wants to eventually build up its own domestic producers
...more
 

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