BANGKOK (AP) — China has cracked down on the export of new “zero-mileage” cars that are exported as if they were used. This tactic has allowed some of its automakers to inflate their sales figures and claim tax credits and other benefits.
Tighter rules apply to the export of vehicles within 180 days of their registration.
China has become the world's largest auto exporter as its automakers grapple with excessive competition in their home market. Exports of “zero mileage” vehicles are believed to skew sales figures, making it appear as if more excess stock is being sold.
Overseas buyers of such vehicles often cannot get after-sales service or repair parts, hurting the brand image of some Chinese automakers who are pushing for tighter export regulations, the ministry said.
The new rules target falsified registration and export documents, as well as violations of regulations in both China and vehicle importing countries.
From January 1, automakers will be required to provide formal guarantees of after-sales service and information on where such services can be obtained, according to regulations published on the Ministry of Trade website.
The report does not mention specific automakers, although such exports have been reported from various provinces across the country.
