00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Chinese demand for foreign luxury cars is weakening as buyers shift toward lower-priced
00:07Chinese models that offer advanced electronics and comfort, pressuring European automakers
00:12in the world's largest auto market, according to AP. Analysts cited China's property downturn,
00:18slower economic growth, and government trade-in subsidies for electric and plug-in hybrid
00:23vehicles as key factors. S&P Global Ratings said premium vehicles priced above $42,000
00:29fell to 13% of total sales in the first nine months of 2025, down from 15% in 2023.
00:37Chinese brands captured nearly 70% of passenger car sales, while German brands held 12%.
00:42BD has surpassed Volkswagen as China's largest car seller and leads new energy vehicle sales
00:48this year after cutting electric and plug-in hybrid prices by up to 34%, intensifying pressure
00:54on rivals. For all things money, visit Benzinga.com.
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