GLGT... BYD is another Evergrade in the making....

[Itsthatguy]

Why does BYD need to register zero mileage used BYD cars then?

Oversupply is oversupply. Not good.

I tot read somewhere that they dump their overstocked new cars into the second hand market as well. Or am I wrong?

 

[cyke69sg]

I tot read somewhere that they dump their overstocked new cars into the second hand market as well. Or am I wrong?

Yes that what they did. That's why got "used" BYD cars that have zero mileage.
BYD ownself buy the oversupply of new cars then sell as second hand.
China govt give grant for cars built and sold

 

[cyke69sg]

The term “zero-mileage used cars” refers to a controversial practice in China’s automotive industry, where vehicles are registered and technically sold—often to affiliated dealers or third-party platforms—but have never been driven. These cars are then resold as used vehicles, despite having little to no mileage.

Automakers like BYD and Dongfeng have been implicated in this practice, which serves multiple purposes:

• Boosting Sales Figures: By registering these vehicles as sold, manufacturers can meet aggressive sales targets and report higher sales numbers.
• Inventory Management: This tactic helps in offloading unsold stock, especially in an industry facing overcapacity and intense price wars.
• Financial Incentives: In some cases, registering vehicles allows dealers to take advantage of government subsidies or export policies tied to vehicle registration status.

This phenomenon has raised concerns about market transparency and consumer protection. For instance, warranties on these vehicles typically begin at the time of registration, meaning buyers may lose months of coverage. Additionally, some models may come with unpaid loans or unclear ownership histories, exposing consumers to potential legal and financial issues.

In response to these concerns, China’s Ministry of Commerce convened a meeting on May 27, 2025, with key industry players, including BYD, Dongfeng, and used car platforms like Guazi. The discussions focused on tightening oversight of used car transactions and addressing fraudulent sales reporting. Officials are reportedly considering frameworks similar to the U.S. Securities and Exchange Commission’s approach to “channel stuffing,” a financial manipulation tactic where companies overstate revenue by pushing excess stock into distribution channels.

 

[jerryl]

Eh bro.

These chinese juggernauts got the power to do whatever it takes to bring down the amdk competition.

its fund by SiSipee that the problem and they still got the cheek to ask for the return of these foreign investors.

 

[raintr33]

Some of the video mentioned the dealers packaged the 3 years car insurance in the deal to the car buyers.
China have many process different from SG. 3 years insurance sounds like a scam by dealers to get the buyers money upfront.
Just waiting for CCP to close this and many other loopholes.
Also these BYD dealers are not owned by BYD directly, whereas Tesla should be direct sales without any middleman. So really how much of the scam is BYD's responsibility?

Recent news is BYD taking over direct sales for Australia, so they have full control instead of a AU dealer. This should bode well for Aussie drivers.


Read HWZ Forum Rules!

 

[AndroidComa]

I tot read somewhere that they dump their overstocked new cars into the second hand market as well. Or am I wrong?

learn from rolex, hermes
i see nothing wrong!
BYD stocks shooting thru the roof!

 

[Meteor84]

learn from rolex, hermes
i see nothing wrong!
BYD stocks shooting thru the roof!

i would think that watches, handbags and shoes have significantly lesser impact than empty cars sitting in a field rotting its life away

 

[koster]

i would think that watches, handbags and shoes have significantly lesser impact than empty cars sitting in a field rotting its life away

During covid time, airlines aeroplane also rotting away in deserts?

 

[Meteor84]

During covid time, airlines aeroplane also rotting away in deserts?

did u really just use aeroplanes cannot fly due to covid restrictions in the same line of reasoning as byd faking sales results and overproducing cars..?

 

[seanysp]

btw byd is not the cheapest now, chery tiggo 3 now going for 34900rmb hehe

 

[gungho]

兄弟，要做就做大！！！！做大！！

 

[huihong]

Yes that what they did. That's why got "used" BYD cars that have zero mileage.
BYD ownself buy the oversupply of new cars then sell as second hand.
China govt give grant for cars built and sold

the "grant" come from where de

 

[huihong]

兄弟，要做就做大！！！！做大！！

like fujian gang ah

 

[jerryl]

learn from rolex, hermes
i see nothing wrong!
BYD stocks shooting thru the roof!

You see nothing wrong but tiong gov launch investigation liao. They did that is to inflate sale figures so they can get gov subsidies

 

[kuti-kuti]

I tot byd is high ses elite car? Equal to tesla?

 

[hammerhammer]

I give it 2 years but at this rate maybe half the time will collapse.

 

[cyke69sg]

the "grant" come from where de

From China govt

 

[Acetone]

I tot byd is high ses elite car? Equal to tesla?

It’s the standard PHV car in China.

 

[SecretAgent]

From China govt

why cheena communists gov so good give grants to the Byrd manufacturers to produce cars?

Why

 

[hammerhammer]

why cheena communists gov so good give grants to the Byrd manufacturers to produce cars?

Why

For face lah. They want to outdo tesla