Under the influence of the anti-monopoly investigation, from September 1st, Mercedes-Benz and Lexus officially cut the price of parts, of which Lexus's average reduction was 26%, while Mercedes-Benz lowered the price by 15%. Prior to this, BMW, Audi, Chrysler, Jaguar Land Rover, Guangfeng, and Guangben have announced that they have lowered the price of parts or vehicles.
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It is understood that Lexus has lowered the price of some parts from September 1st, involving a total of about 15,000 parts, with an average drop of 26%. Among them, the radiator assembly is lowered by 35%, the engine assembly, the automatic transmission assembly is reduced by 30%, and the airbag assembly is lowered by 25%.
Mercedes-Benz also began to implement new parts prices in September, and the adjusted repair parts cover all Mercedes-Benz models, including more than 10,000 accessories. Among them, the windshield price reduction of 29%, the steering power pump price reduction of 24%, the radiator price decreased by 16%. According to Nandi, executive vice president of after-sales service of Beijing Mercedes-Benz Sales and Service Co., Ltd., through this adjustment, the price of some repair parts was lowered by 15% on average.
Affected by the NDRC's anti-monopoly investigation, Jaguar Land Rover, Audi, BMW, Chrysler, Guangfeng and other car companies have previously lowered the price of some parts. However, in terms of final punishment, the National Development and Reform Commission issued only a large number of fines for 12 Japanese component companies, and the final penalty decision for vehicle manufacturers has not yet been announced. However, Audi and Chrysler have been named for market monopolies.
Car Antitrust Investigation Process Table:
On July 25th, Jaguar Land Rover lowered its three series of models to sell for 200,000.
On July 26th, Audi actively lowered the price of original spare parts for domestic models.
On August 3, Mercedes-Benz announced that it will cut the price of some repair parts by 15%.
On August 5, Chrysler lowered the price of some products and accessories.
On August 6, the National Development and Reform Commission revealed that it had completed an investigation into the monopoly case of auto parts and bearing prices of 12 Japanese companies, and will impose penalties according to law.
On August 7, BMW, Guangfeng and Guangben successively announced the reduction of the wholesale price of original parts.
On August 11, Audi admitted that there was a market monopoly and was willing to accept the relevant punishment.
On August 13, according to the Anti-Monopoly Law, four dealers of the Hubei Provincial Price Bureau issued separate punishments.
On August 17, the Jiangsu Provincial Price Bureau released a message that Mercedes-Benz had a typical vertical price monopoly in the market.
On August 20, the National Development and Reform Commission announced that it had imposed a penalty of 1,235 million on 12 Japanese parts and bearing manufacturers.
On September 2, the National Development and Reform Commission punishes 14 insurance companies in Zhejiang for controlling the price of auto insurance business.