Germans Resorting To Heavy Discounts To Move The Metal In China

Average prices of Daimler AG's basic 2012 Mercedes-Benz C200 sedan at Chinese dealerships were 16 percent below the manufacturer's recommended price last month, compared with 14 percent in October and 3.4 percent in July, when the model became available, according to data from China Auto Market. BMW dealers sold the 2012 320i sedan 11 percent below the suggested price, more than triple the initial discount for the 2011 model.

Daimler, Bayerische Motoren Werke AG and Volkswagen AG's Audi are looking to the world's biggest car market to prop up deliveries as European demand sags on concern over the region's sovereign debt crisis. A slowdown in China's property and stock markets will probably undermine discretionary spending, according to Credit Suisse Group AG and BNP Paribas SA.



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