SUV, microvan prices continue to decline in July
Prices of SUVs and microvans continued to fall in China last month as automakers enacted deeper price cuts to combat a market slowdown.
During the month, prices of SUVs, domestically built and imported alike, slid 0.3 percent year on year, according to the National Development and Reform Commission, China's price regulator.
Prices of domestically produced microvans, which are used mainly in rural areas to transport cargo as well as people, dropped 1.2 percent.
Sedan pricing showed mixed results in July.
With domestic Chinese automakers, which mainly produce low-priced vehicles, paring sedan production to focus on SUV and multipurpose vehicle output, prices of domestically produced sedans rose 1 percent.
But prices of imported sedans continued to decline, dipping 3 percent from a year earlier.
The commission did not disclose price changes for MPVs in July.
Prices of domestically produced microvans, which are used mainly in rural areas to transport cargo as well as people, dropped 1.2 percent.
Sedan pricing showed mixed results in July.
With domestic Chinese automakers, which mainly produce low-priced vehicles, paring sedan production to focus on SUV and multipurpose vehicle output, prices of domestically produced sedans rose 1 percent.
But prices of imported sedans continued to decline, dipping 3 percent from a year earlier.
The commission did not disclose price changes for MPVs in July.
