Lux­ury car sales rise be­fore new levy

China Daily (Hong Kong) - - BUSINESS -

Super-lux­ury car deal­ers in China made calls to their best prospects last week, urg­ing them to buy to avoid pay­ing ex­tra taxes on the gilded rides. Some dis­trib­u­tors sold as many cars on Wed­nes­day night as they de­liver in three months, as buy­ers sought to beat the im­ple­men­ta­tion of a 10 per­cent levy in the form of value-added tax on ve­hi­cles cost­ing more than 1.3 mil­lion yuan ($189,000), according to Wang Cun, an of­fi­cial at the China Au­to­mo­bile Deal­ers As­so­ci­a­tion.

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