Are cars too expensive? Why rising costs are creating an opportunity for brands like MG, Haval, BYD and more – Car News

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It’s not breaking news that Chinese brands such as MG, GWM Haval and BYD have made a big impact on the new car sales charts in Australia. But one of the main reasons why they’ve been so successful was highlighted this week – they’re affordable.

Prices have a tendency to rise over time, but inflation has hit the economy hard since the COVID-19 pandemic and the automotive industry is one of the most impacted sectors. Rising raw materials costs combined with increased shipping costs…

Continue reading this news update.

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