Several joint venture automakers plan to withdraw from the price war

Following BMW, Mercedes-Benz and Audi, several joint venture brands including Volkswagen, Toyota, Honda, Nissan and Volvo also plan to adjust their terminal policies from July, reduce discounts or stop further price cuts. GAC Toyota dealers said that although there is no price increase, they will maintain the current price reduction range from July. SAIC Volkswagen dealers revealed that prices may be adjusted back in August, but a new wave of discounts will be launched during the Chengdu Auto Show. In addition, a car dealer, Mr. Chen, pointed out that the brands he represents, such as Audi, Volvo, Toyota, Honda, etc., have all adjusted their prices to varying degrees since July.