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 Grey imported BMW X5 sells for $114,000 versus $165,000 - China’s efforts to force foreign vehicle importers to cut the price of spare parts in particular and sticker prices generally was easily shrugged off by the likes of Audi, BMW, Mercedes and Jaguar Land Rover [JLR], but reports Beijing has freed up the entrance of grey imports might make a bigger impact According to Bernstein Research, China legalized so called parallel imports at the end of August, and this means that new vehicles like the BMW X5, which retail at dealerships for almost $162,000, are appearing on the market sourced also from the US at close to $114,000. Chinese business regulators have begun punishing foreign companies for alleged monopolistic behaviour in industries ranging from cars to technology, in areas of the market in which China wants to eventually build up its own domestic producers...more MORE LIKE THIS: > STOCK MARKET VIEW | Tesla investors shaken by S&P “junk” rating 03 Jun 2014 > STOCK MARKET VIEW | BMW expected to continue hot profit streak 15 May 2014 > STOCK MARKET VIEW | Lame recovery replaces European slump 03 Mar 2014 |
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