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The German automaker announced that it would increase the manufacturer's recommended retail prices for X5 and X6 SUVs by 4% and 7%, respectively,
Increases show that BMW wants to absorb the most a large part of the additional costs incurred for SUV delivery in South Carolina in China, which shows the fierce competition of luxury brands in the Chinese market
The measure was taken by BMW after China imposed new tariffs this month, about $ 34 billion, for imports from the United States for products such as soybean, auto and lobster in a major trade dispute.
Beijing, which this year reduced its tariffs ru all imported cars, imposed from July 6 additional tariffs of 25% for vehicles manufactured in the United States. Therefore, China applies a 40% import duty for all vehicles imported into the United States.
"BMW supports commercial freedom, but can not respond to market changes," said BMW spokesman
BMW imports X4, X5 and X6 SUVs from the United States to China, where Demand for SUVs is growing strongly. Last year, the German automaker has delivered more than 100,000 US vehicles to China.
The company made no reference to the price of the X4
BMW makes the decision that Ford Motor will not yet raise prices, in an effort to support the current pace of business [19659003] Chinese car dealers said that Mercedes Benz, a division of the German Daimler group, moderately raised the price of the Alabama manufactured GLE SUV in mid-July.
A spokesman for Daimler said the group was looking for solutions to mitigate the impact of the trade war, which will include an analysis of the opportunity to transfer some of the production to China [19659003] Daimler announced last week pre-tax profits will decrease in 2018 compared to 2017, as China's import tariffs will affect sales of Mercedes-Benz SUVs
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