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Toyota "cuts prices and dives", Corolla falls below 80,000 yuan, will the price war between car companies intensify again?

On June 18, FAW Toyota issued a document on its official platform saying that it would provide a limited-time comprehensive discount of 43,000 yuan for the Corolla model, with prices starting from 79,800 yuan. According to data released by the National Passenger Car Market Information Joint Conference, FAW Toyota ranked 11th in the retail sales rankings of automakers in May. FAW Toyota, which fell out of the top ten, suffered a severe setback in retail sales of its flagship product Corolla. Its retail sales in May were only 7,693 units, a year-on-year decrease of 54.96% from 17,080 units in the same period last year. Although the company has not specified the expiration date of the promotion this time, this promotion may be to increase the sales volume of the model.

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