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Latin American Auto Industry
Sign of the times: “zero mileage” second hand cars
A key issue facing the emerging vehicle transition is how to price new EVs coming onto the market. Within China itself competition is intense due to a proliferation of car manufactures – well over 100 at present – and generalised manufacturing over-capacity. Companies have ruthlessly pushed manufacturing costs down as low as possible, while at the same time benefitting from a number of regional incentives and subsidies. This has led to an apparent oxymoron: the growing sales of ‘second hand, zero mileage’ vehicles. Under this system an exporter will buy a new Chinese car as it comes off the assembly line, register it with a Chinese number plate, and then immediately mark it as second hand for overseas sale at a lower-than-listed price.
- The motor vehicle revolution
- The global automobile industry
- The global advance of EVs
- China is in the EV driving seat
- Latin America is buying Chinese electric
- Sign of the times: “zero mileage” second hand cars
- The mystery of Chinese car prices
- Improving Chinese safety performance
- Heavy metal options
- Brazil: football fields full of cars
- Brazil weighs up data protection risks
- GM plans to side-step US-China auto rivalry
- Brazil faces labour trouble at Camaçarí
- Dolphin leading the charge in Mexico
- The view from Aguascalientes
- Mexico debates tariffs on Chinese imports
- Liverpool rethinks BYD deal
- The case of the disappearing gigafactory
- What are the ‘Trump tariffs’ for the Latin American auto industry?
- Conclusion