4.21Jianghuai to raise Binyue-series price by 5,000 yuan

Jianghuai to raise Binyue-series price by 5,000 yuan

 

http://www.gasgoo.com/auto-news/6206/Jianghuai-to-raise-Binyue-series-price-
by-5-000-yuan.html

 

Shanghai, April 21 (Gasgoo.com) Jianghuai Automobile announced yesterday
that the price of the Binyue-series sedan will be up by 5,000 yuan ($714.28)
due to price rise of international iron ore and oil. It is the first
official announcement of price rise by the carmaker following the cost rise
of raw material in automobile industry last year.

 

An Jin, the general manager of Jianghuai Automobile, noted that the pressure
of price rise for auto parts suppliers is so great that if they continue to
provide the products at the same price as before, the quality would probably
deteriorate, and thus consumers' interest finally would be hurt.

 

The fact that Jianghuai Auto raised the price before the 2008 Beijing auto
show indicates that the wave of auto price reduction has already ebbed away,
and car price would rise due to increasing iron ore price.

 

Wu Xuesong , vice-president of Changan Group disclosed that the price of
exported models of home-made brands has been raised in overseas market since
April 1 and the price of all own-brand vehicle models has already increased
by about 10%.

 

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