AssetID: 54834388
Headline: UNCAPTIONED: China Cracks Down on Fake “Used” Car Sales
Caption: China Cracks Down on Fake "Used" Car Sales. China’s top state-run newspaper is calling for a nationwide crackdown on the sale of so-called "zero-mileage used cars." This is a practice where brand-new vehicles are registered as used and then sold at discounted prices to clear unsold stock. The People's Daily, which reflects the stance of China's Communist Party, strongly criticized the tactic, saying it disrupts fair competition, misleads buyers, and damages the long-term health of the auto market. This comes shortly after Great Wall Motor's chairman condemned the trend, and the Commerce Ministry held private talks with automakers. The article warns that while this method may reduce inventory quickly, it also cuts profits, discourages innovation, and hurts brand reputation. Consumers may also face hidden risks like losing first-owner benefits, faster depreciation, and lower battery performance. The paper called for stronger oversight on car registrations and better tracking of vehicle ownership to help restore market stability. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Motoring,China,crackdown,used car sales,zero-mileage used cars,discounted prices,unsold stock,People’s Daily,Communist Party,fair competition,misled buyers,auto market,Great Wall Motor,Commerce Ministry,innovation,brand reputation,consumer risks,first-owner benefits,depreciation,battery performance,car registration oversight,vehicle ownership tracking,market stability.
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