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  • 2 days ago
Several major automakers have been accused of inflating sales figures in China to meet targets, according to Reuters. The report includes BYD, Toyota, Volkswagen, and Buick and cites over 97 consumer complaints filed on Chinese platforms since 2021. The reports allege that dealerships falsely reported vehicle deliveries to boost monthly numbers. Experts warn that the practice masks real demand, causing overproduction. Complaints also implicate Geely, Li Auto, and Nissan. The Chinese government has voiced concern over what it calls “irrational” competition. Beijing introduced a new regulation in June requiring companies to settle supplier payments within 60 days.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Several major automakers have been accused of inflating sales figures in China to meet targets,
00:06according to Reuters. The report includes BYD, Toyota, Volkswagen, and Buick. It cites over
00:1097 consumer complaints filed on Chinese platforms since 2021. Reports allege that dealerships
00:16falsely reported vehicle deliveries to boost monthly numbers. Experts warn that the practice
00:21marks real demand, causing overproduction. Complaints also implicate Geely, Li Auto,
00:27and Nissan. Chinese government has voiced concern over what it calls irrational competition.
00:32Beijing introduced new regulation in June requiring companies
00:35settle supplier payments within 60 days. For all things money, visit Benzinga.com.

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