Wendy Zhang/ Shanghai Daily news

Successive price wars have caused many import auto dealers to leave the market this year, eastday.com reported today.
Twenty or thirty import auto dealers have withdrawn from the Beijing Asian Games Village Automobile Exchange this year, said Guo Yong, manager with the business information center of the exchange. Many dealers are trying to liquidate their inventories to recover most of their funds, with no one presently willing to import new cars, Guo pointed out.
With the canceling of the quota system for import automobiles next year in accordance with China's WTO commitment, the imported car market is facing adjustments, Guo said.
The new policy on imported cars will make life hard for the less competitive dealers, he stressed, adding that stricter  checks of dealer qualifications will be conducted on imported auto dealers.
The new policy will give imported auto manufactures more control over dealers, which is considered an efficient way to stabilize the market, said an expert, adding that auto makers will play a key role in the competition in the imported car market in the near future.
Imported cars will still see price cuts at the year end, but next year, prices are expected to be stable, the expert predicted.