Jinghua Times (Reporter Huang Feifei) The reporter learned from dealers on Friday that FAW Toyota announced at the annual dealer conference that it would issue 1.24 billion yuan in subsidies to dealers . FAW Toyota became the first joint venture brand of the largest subsidized dealers after several luxury brands.
According to the dealer , the subsidy was distributed three times, of which 440 million yuan was issued in the fourth quarter of 2014. In 2015, the current payment was 450 million yuan, and the remaining 350 million yuan will be distributed in mid-2015. In addition to subsidized dealers , FAW Toyota will further reduce dealer inventory pressure, with sales targets in 2015 increasing only 25,000 to 610,000 units based on last year's 585,000 units, and promised to terminate the terminal before the end of February. The dealer inventory factor is controlled within 1.
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