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Title: China Summons Top Carmakers Over 'Zero-Mileage' Used Vehicles

Link: https://tech.slashdot.org/story/25/05/29/2028...

An anonymous reader shares a report: China's Ministry of Commerce is meeting
with some of the country's biggest automakers to discuss whether the industry
is using a loophole to mask weakening sales. Reuters adds: It comes after
Great Wall Motor's Chairman Wei Jianjun said in an interview with Sina
Finance last week that a phenomenon called "secondhand cars with zero
mileage" had emerged in the Chinese market as a result of the industry's
years-long price war. The phenomenon, he said, involved cars that had been
registered and had licence plates -- marking them as sold -- but had never
been driven being sold in the secondhand market. Wei said that at least 3,000
to 4,000 vendors on Chinese used car platforms were selling such cars. The
source said the tactic was seen as a potential method within the industry for
automakers and dealers to support new car sales as they try to meet
aggressive sales targets.

Read more of this story at Slashdot.

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