Ningbo Life English News

The 10th Ningbo International Automobile Expo, an event to run for four days, was inaugurated at the conference and exhibition center last Thursday. As this Auto Expo is open on the eve of the raise of automobile consumption tax, how to cope with the tax raise becomes a heated topic of the exhibitors and the would-be buyers.

The Expo gathers about 40 brands of cars. More than 300 cars are exhibited

and the exhibition area is over 40,000 square meters. The scale of the expo is unprecedented in the history of the event. For the automobile market, luxury cars are the wind vane. On August 13, China decided to raise the automobile consumption tax from Sept 1. The adjustment of the tax rates has more or less changed the consumption habits of would-be buyers. .  

Producers of big-engine cars like BMW, Benz and Lexus are much concerned about how much impact the new policy has on the sales of big-engine cars. The new policy is to restrict the motive on the consumption of big-engine cars and encourage consumers to buy small-engine cars. The ultimate purpose is to reduce emission. In the long run, energy-conserving cars consuming less fuel will be most popular in the market.