Western carmakers are facing competition in China from the sale of their own imported vehicles from the US, as “parallel imports” provide a new challenge in the world’s largest auto market.
New rules from Shanghai’s fledgling free trade zone, issued last week, formally legalise the sale of cars that manufacturers originally intended to sell in the US and other markets — allowing buyers to receive discounts of about 20 per cent.
Last year, Chinese competition regulators forced many foreign carmakers to lower the cost of their vehicles, spare parts and services during a probe of allegedly anti-competitive behaviour. Chinese car dealers have also demanded greater financial support from their suppliers.
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