Volvo cuts prices of auto parts in China
Print Edition
Volvo Car China said yesterday it adjusted the suggested retail prices on a total of 11,693 auto parts after China decided to lower import tariffs on vehicles and auto parts.
“Volvo has adjusted the prices of some auto parts to benefit our consumers and enhance our service value, with a maximum price cut of 55 percent off its original price,” Volvo said in its statement.
Volvo said the new suggested retail prices of auto parts became effective yesterday.
Volvo had previously cut the prices of 10,941 types of auto parts in response to China’s reduced import tariffs on auto parts from Sunday.
Volvo is among the first batch of carmakers which announced a cut in the prices of its auto parts in the China market.
The company also adjusted the prices of other frequently used auto parts and accessories that are not in the country’s tariff reduction list, in order to optimize the cost for Chinese consumers. The frequently used auto parts and accessories cover a number of products which applied to all Volvo cars, including aluminum alloy wheel hub, air conditioner filter, brake disc, brake pad, water pump, and wiper blade.
Volvo said car owners will benefit from the price adjustment which sees the price of air conditioner filter cut by 20 percent and that for wiper blade slashed by 40 percent.
“Volvo is committed to provide safe, environmentally-friendly, high-quality luxury cars, customer-oriented service and experience to our consumers. Along with reducing the cost, we will provide a better service network,” the company said.
In 2017, Volvo sold 114,410 vehicles in China, up 25.8 percent year on year.
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