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Dalian Port sees sharp fall in auto imports
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DALIAN: The latest statistics released by Dalian Customs in northeast
China's Liaoning Province show that Dalian Port imported 8,024 vehicles valued
at US$240 million in the first seven months of this year, down 48.6 per cent and
50.2 per cent year-on-year respectively.
Customs officials analyzed that the
factors causing the sharp decline in vehicle imports include a series of new
policies set by the government related to the management of automobile brand
marketing and the license issuance for automatic import of auto
products.
Due to the influence of exchange rates, the vehicle
imports from South Korea increased by 56.6 per cent, while that from Japan and
Germany decreased by 41.5 per cent and 66.9 per cent respectively. Strong euro
and Japanese yen has resulted in high cost for importing vehicles from Germany
and Japan and also given an impetus to the import of vehicles with lower prices
from South Korea.
In addition, new home-made car brands are much
attractive in terms of prices in comparison with imported vehicles, scrambling
the market space for imported vehicles, especially for sedans.
However, cross-country
vehicles with the discharge from 2.5L to 3.0L become new favorite among imported
vehicles, customs sources said.
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(Editor:Farah Song) (From:Asia Pulse)
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