By on August 6, 2010

Reacting to previously reported bad news, China’s BYD has cut its 2010 sales target by 25 percent to still quite ambitious 600,000 units, reports The Nikkei [sub].

China’s government introduced subsidies for fuel-efficient models in July, and as a result, sales of fuel-efficient compact cars – – -dropped.

Only in China: “Many people appear reluctant to buy now in the hope that even bigger discounts will be introduced in the future,” writes The Nikkei [sub]. BYD dealerships sit on two-months worth of inventory, an outrage in China. Their answer: Discounts. The customers wait some more.

Get the latest TTAC e-Newsletter!

Recommended

No Comments on “BYD In Trouble, Lowers Targets For 2010...”

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • Corey Lewis: Wow. Almost suspicious with how clean it is, the low price, and the tire shine. I’m going to see...
  • koreancowboy: My CR-V EX-L AWD stickered for about the same price, and is superior in almost every category. Except...
  • gtemnykh: Here’s an Indy listing that is extremely promising. It’s in Geist, a wealthy Northwest suburb...
  • JohnTaurus: Yes, I know its Toronado (and other mistakes), but tbh, the window for editing was gone before I noticed...
  • dwford: still waiting for the discovery of transparent aluminum

New Car Research

Get a Free Dealer Quote

Staff