Reported about 20 hours ago
China's industry ministry is set to prohibit the resale of cars within six months of their initial registration to address the issue of zero-mileage used cars, linked to fierce market competition and prior price wars. This move follows calls for regulation from industry leaders and aims to combat practices that can inconvenience customers, with companies like Chery and BYD agreeing to enforce stricter rules on dealerships. The government has shown increased commitment to managing competition within the domestic auto sector.
Source: YAHOO