Polo prices slashed to record lows
7/12/2004 17:44
Jane Chen / Shanghai Daily news
Prices of the
Volkswagon Polo in Shanghai have slumped to a record lows nationwide as the
economy car's only local dealer has begun to cut prices this month. The sharp
cuts will bring fresh fire to the already over-heated compact auto market,
today's Youth Daily reported.
Shanghai Shenyin Auto Sales Co Ltd has dropped
the price of the standard version of the 1.4-litre Polo to 89,600 yuan and that
of a 1.6-litre model to 104,800 yuan, both 120,000 yuan lower than the regular
market prices.
The price cuts involve nearly 3,000 cars, and covers all the
popular Polo models.
Besides price cuts, Shenyin will provide discounts in
other ways, such as auto loan subsidies, to lower the cost of a car
purchase.
Polo is an economy vehicle unveiled two years ago by Shanghai
Volkswagen Auto Co Ltd, a 50-50 joint venture between Germany's Volkswagen AG
and Shanghai Automobile Industry Corp.
Shenyin has become the only dealer for
the 2003 edition of Polo in Shanghai area and its Beijing branch has become the
only dealer for the same vehicles in the North China area.
In the first
half-year, Shenyin has also become the only regional retailer of Gol, Shanghai
VW's fashion sedan series, and the only nationwide retailer of Santana, Shanghai
VW's sedan series.
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