Hummer price soars in Shanghai

10:49, February 26, 2010      

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Although Tengzhong failed in buying Hummer, the Hummer dealers are overjoyed, taking the opportunity to raise the price. On February 25, the reporter learned from Hummer dealers in Shanghai that after hearing the acquisition of Hummer failed, dealers immediately raised the price of Hummer, among which Hummer H3X produced in 2009 rose by 20,000 yuan, and Hummer H2 is planning to rise by 100,000 yuan.

"Our Hummer is directly imported from abroad through formal channels, and the sales and after-sales service will not be affected by Tangzhong's failed acquisition." A Hummer dealer told Shanghai Morning Post reporter that at present there are Hummer cars for sale in store, but the prices have been rising. If you want to drive Hummer H3X in Shanghai, Beijing and other cities that regulated by China Stage IV Emission Standard, the costs has been raised from 730,000 yuan the day before to 750,000 yuan today. For those in cities not regulated by China Stage IV Emission Standard, the costs rise from 710,000 yuan to 730,000 yuan. For Hummer H2, as only one car is available now in Shanghai, dealers plan to wait and see. It is reported that before the acquisition failure, Hummer H2 costs 1.28 million yuan.

"Our boss said Hummer H2 price will increase by at least 100,000 yuan." The dealer told reporter that GM is to close Hummer business soon, and this means that there are less and less Hummers left for sale.

He said he had worried that if Tengzhong successfully acquires Hummer, the Hummer price will decline. It is reported that China's annual Hummer sales is probably around 300 to 500 cars.

By People's Daily Online
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