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Shanghai
high-end US
BMW and Mercedes-Benz American
Cadillac
Chrysler
Spring Festival
yuan
Auto dealers in Shanghai say that the high-end US built cars which they are currently selling have been reserved and will not be affected by the newly issued anti-dumping and anti-subsidy policies. As a result, the subsidies have prompted a large number of customers to visit their local dealerships and place immediate orders. Although BMW and Mercedes-Benz American units will be affected by the legislation, it is the local American brands that will sustain the heaviest damage. According to experience in previous years, there may be some room for customers to negotiate on price, but it is now harder than ever to buy an American made car. A Cadillac dealer has this to say. "Our cars sell very well. Some people who planned to buy one in January or February have made orders straight away because they are afraid of price hikes." A Chrysler dealer explains. "All the jeeps we sell have 2.5 liter engines or larger, and at the moment they sell very well. Some customers intended to wait until the prices decreased a little bit after the Spring Festival, but the price will definitely not drop 60 thousand yuan. So those customers have decided to buy one before the price surge."