China Association Says Market should be Rational about Car Price Cuts and Sales Promotion

SHANGHAI, Mar 22 (SMM) - Since March, car promotion and price cuts have aroused widespread concern and heated discussions in the market. China Association of Automobile Manufacturers (CAAM) has also noticed the evolution of the situation.

Combined with recent reports from various parties, it believes that the hype of this round of price cuts should cool down as soon as possible, so that the industry can return to normal operation and ensure the healthy and stable development of the industry throughout the year.