September 05, 2019

New measures to further boost parallel imports of cars

The Opinions on Further Promoting the Parallel Import of Cars was recently issued by the Ministry of Commerce and other government departments to promote the institutionalization of pilot enterprises.

The opinions serve to improve import trade facilitation, lower costs, enhance quality control of imported cars and regulate the registration of parallel-import cars.

According to the Opinions, the port that imports more than 1,000 vehicles a year will be permitted to carry out the parallel-import car policy.

By the end of July, pilot enterprises across the country had imported 418,000 cars in total and prices of most of the middle- and high-end cars had been lowered by at least 15 percent.

As one of the pilot enterprises, Shanghai Waigaoqiao Automobile Trading Market Co Ltd has offered a series of supporting and after-sales services.