No, Mr. Trump, a Chevy Camaro Doesn't Cost $119,000 in China

[Yo_Mama_Been_Loggin]

At a rally on Tuesday, U.S. President Donald Trump told a crowd that a Chevy Camaro sports car costs as much as $119,000 in China. He’s wrong.

“When we make a car, we sell it into China and there’s a 25 percent tariff and that’s just the beginning,” he said in a speech in West Virginia, adding the Camaro costs three-times as much as it sells for in the U.S. “You understand that, right? It’s all taxes, taxes and taxes. We can’t do that anymore.”

Here’s the fact: Only one model of Camaro is sold in China, a coupe with a 2.0-liter turbo engine, according to a spokeswoman for General Motors Co., which makes the car. The vehicle sells for 399,900 yuan ($58,430) in the Asian country, according to the local website of the Detroit-based automaker. That compares with a starting price of $25,905 for a similar Camaro coupe model in the U.S.

Trump made the comments just before a fresh round of tariffs on $16 billion worth of each other’s goods take effect, deepening a trade war between the world’s two biggest economies. Trump is hoping tariffs on Chinese imports would stoke investments in the U.S. rather than low-cost China, supporting domestic demand and creating more American jobs.

https://www.msn.com/en-us/money/companies/no-mr-trump-a-chevy-camaro-doesnt-cost-dollar119000-in-china/ar-BBMgIgt?li=BBnbfcN

[Totally Tunsie]

1. Another citation for the same subject

I posted something similar on Tuesday.

"tRump just doubled down on the doubling.

He claims a Chevy Camero costs $119,000 in China because of tariffs and taxes. Auto News, et al, says it's half that...$58,000.

If just once he'd stick to the facts (rather than the alternative facts) perhaps he could make a valid point, but he's never satisfied unless he can over-hype his information.

[link:https://www.4wheelsnews.com/auto/2017-chevrolet-camaro-china-price-37124.html|

One of the many advantages of buying muscle cars is that they are never perversely expensive. Of course, it won’t be as affordable as the budget cars but they do offer excellent value. A good example of this is the Chevrolet Camaro, which in the U.S., is priced roughly at about $26,000.

However, the same cannot be said of other big markets like China. General Motors just announced that in China, its sixth-generation Camaro will have a starting price of RMB 399,900, which in current exchange rates comes in at about $58,000. That’s right, it is indeed double the U.S. price. "

[Initech]

2. OK I had to look this up.

I went to Chevrolet's China website. A fully loaded Camaro costs approx. ¥475,000. Which at current exchange - $69,990. So yeah doesn't even come close.

[MichMan]

3. Are there any additional taxes or fees placed on the buyer after purchase?

Last edited Thu Aug 23, 2018, 07:32 PM - Edit history (4)