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Multiple Fuel Vehicles See Major Price Cuts, with Discounts of Up to 30%

21st Century Business Herald 2026-05-17 14:33:08

Many fuel-powered cars are not selling well, leading to significant price reductions!

After several luxury gasoline-powered car models cut prices earlier this year, another batch of automakers has followed suit. On May 15, Changan Automobile’s Eado Classic Edition was launched at a price of 64,900 yuan, down 26% from the official guide price of 87,900 yuan. For a limited time, buyers can enjoy a cash discount of 23,000 yuan, as well as maintenance and data/traffic gifts. The car is equipped with the new Blue Whale 1.5T engine, making it the only turbocharged model in the 60,000-yuan-class family sedan segment. The first-generation Eado was launched in 2012 and has accumulated more than 2 million users. Dealers in Hefei have already implemented the new pricing policy.

Changan Automobile's domestic sales in April were 101,700 units, down 39.1% from 166,800 units in March.

According to data from the China Passenger Car Association,Multiple fuel-powered vehicle models in the market have simultaneously begun lowering prices.

Kia’s new Sportage is offered at a fixed price of 109,900 yuan, down from the guide price of 154,900 yuan.Decrease by 29%

Jaguar Land Rover launched a limited-time “new discovery” price on May 12; Chery launched a promotion in mid-April, with total subsidies of up to 40,000 yuan.

The lowest price of the 2026 Sagitar is 119,900 yuan, a reduction of 30,000 yuan.20% reduction);

The minimum guidance price for the Civic is 97,900 yuan, with a price reduction of 32,000 yuan.Decrease of 24.6%);

The Roewe i6 is available from as low as 74,900 yuan, after a price cut of 14,900 yuan, representing a 16.6% discount.

FAW-Volkswagen Audi A6 was discounted by 91,000 yuan in March.Decrease of 29%)。

According to data from the CPCA, in April 2026, conventional fuel vehicle models with price cuts had an average price of 131,000 yuan, with an average reduction of 23,000 yuan, representing a decrease of 17.2%. From January to April, models with price cuts had an average price of 236,000 yuan, with an average reduction of 34,000 yuan, representing a decrease of 14.6%.

According to the April passenger vehicle retail sales rankings recently released by Dongchedi,Only the Geely Binyue was able to break into the top ten as a gasoline-powered car, ranking eighth; the remaining nine spots were all occupied by electric models.The top seven models on the rankings are:Geely Xingyuan, Xiaomi SU7, Tesla Model Y, Li Auto i6, Changan Qiyuan Q05, Sealion 06 EV, and BYD Yuan UP were followed by Leapmotor A10 and BYD Dolphin, which ranked ninth and tenth respectively.

图片

Image source: Dongchedi official website

On May 12, McKinsey Global Managing Partner Alexander Will still stated clearly that in the short to medium term, fuel-powered vehicles will not quickly disappear from the Chinese market.

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