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Mercedes-Benz sedan marked up by 630,000 yuan

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Shanghai, October 10, 2008 - ( Following the sales tax hike on big cars as of September 1, Mercedes-Benz China has recently announced the price markup of its 3.0L-plus models. The company's 4S stores have begun to sell all imported Mercedes-Benz cars of big engines at the new price, which has risen by as much as 630,000 yuan ($92,400), said today.

Most of the 3.0L-plus Mercedes-Benz models have been marked up by tens of thousand yuan. The Mercedes-Benz S65 AMG sedan has its price increase from 2,980,000 yuan to 3,618,000 yuan, up by 638,000 yuan. As the sales tax has risen 10% on 3.0L - 4.0L cars and 20% on 4.0L-plus vehicles, the Mercedes-Benz S65 AMG now sells for 3,477,000 yuan, up 497,000 yuan.

Sales staff of Mercedes-Benz 4S stores said that all their cars are now actually selling at the new price whose implementation is scheduled for October 20, as the sales tax was effective from September 1 and the imported Mercedes-Benz cars are in short supply.

However, Mercedes-Benz will offer some token discount to customers who buy its cars at the new price. A buyer can get a 20,000 yuan discount on the 1,480,00-yuan Mercedes-Benz GL450 model.

From January to June, Mercedes-Benz sold in China a total of 18,000 luxury cars, including locally made and imported ones, up 52% year on year. Its imported cars have sold better than the locally made ones in China.

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