The National Development and Reform Commission in China reports that prices for imported cards...


The National Development and Reform Commission in China reports that prices for imported cards fell 3.4% Y/Y in April in contrast to a minor gain on prices for domestically-produced vehicles. It's one of the first solid indications that a government mandate to cut back on lavish spending in the nation is having an impact on automakers (GM, DDAIF.PK, BAMXY.PK).

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Comments (4)
  • Ponderful
    , contributor
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    Birthday or anniversary?
    20 May 2013, 07:04 AM Reply Like
  • Tschurin
    , contributor
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    Year-over-year comparison would also include the plunge in Japanese auto sales in China due to anti-Japan sentiment last October in dispute over island.
    20 May 2013, 07:27 AM Reply Like
  • sladd
    , contributor
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    Imported cars
    20 May 2013, 08:29 AM Reply Like
  • Tschurin
    , contributor
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    From analyst's comments last November: "In October, more than half the decline in total [Japanese] exports to China can be explained by a large drop in motor vehicles exports (a drop of 54.1% from a year ago, or a contribution of -6.1pp to total export growth). The months before the island dispute became an issue, exports in this category showed increases..."
    20 May 2013, 08:55 AM Reply Like
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