Imported Mercedes-Benz cars at Tianjin Port, in northern China. Photo: Reuters

BMW, Mercedes among luxury carmakers to cut prices in mainland China amid weaker demand, lower VAT

  • Price cuts of around 2.5 per cent come as Beijing prepares to lower VAT rate on manufacturers from 16 to 13 per cent
  • Mercedes-Benz, BMW, Lincoln, Land Rover, Jaguar and Volvo announced that they would lower retail prices on their models
Topic |   Luxury cars

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Imported Mercedes-Benz cars at Tianjin Port, in northern China. Photo: Reuters
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