Trade-In Programs Fuel Surge in China's Auto Sales
China News
September 26, 2024
China's auto market is witnessing a significant uptick in sales, largely driven by vehicle trade-in programs. These initiatives allow consumers to exchange their old cars for new ones, often with attractive subsidies and incentives from manufacturers. Many dealerships are reporting sales increases of up to 30%, as consumers are eager to upgrade to newer, more efficient models. The program is particularly popular among urban dwellers looking to reduce emissions.