With parallel import scheme, China aims to rein in luxury car prices
(Agencies) Updated: 2015-02-05 07:42
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A BMW 650i xDrive is displayed at the 2013 Shanghai Auto Show. [Photo/CFP] |
A BMW 650i xDrive Convertible that sells from $97,900 in the United States, can cost close to 2 million yuan ($320,179) in China. That scale of price differential has come under fire from Chinese media, and regulators last year fined a Chinese venture of Audi and the local sales unit of Fiat's Chrysler a combined $46 million for price fixing.
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