FAW Toyota Sells 52,966 Vehicles in July, Launches New Purchase Incentives in August

FAW Toyota reported terminal sales of 52,966 units in July, capturing a 9.5% share of the fuel-powered vehicle market—an increase for the sixth consecutive month. Combined sales of the Corolla Cross and RAV4荣放 exceeded 28,000 units in July. In August, FAW Toyota introduced multiple purchase incentives across its model lineup: - The Granvia now features the “0 Bao Bao” comprehensive ownership solution, offering zero upfront payment for five years and up to RMB 6,500 in first-year insurance subsidies. Complementary financing options include zero down payment over five years, zero interest for two or three years, and a 40% down payment with zero interest for two years. - Trade-in subsidies for the Crown Kluger and Land Cruiser Prado reach up to RMB 15,000, while the Asian Dragon offers up to RMB 6,000. These can be combined with the Fengxianghui trade-in fund, which can multiply benefits by up to 10x, saving customers up to RMB 4,000 per transaction. - The “Granvia Summer Family Offer” adds up to RMB 18,000 in extra subsidies on top of national incentives. The 2027 Granvia also receives added value worth up to RMB 16,000, including four years of nine complimentary maintenance services and lifetime battery warranty. - The “New RAV4 Summer Adventure Offer” provides an additional subsidy of up to RMB 4,000 on top of national incentives, plus RMB 18,000 in cash purchase benefits, a limited-time RMB 5,000 fuel subsidy, and discounted maintenance packages. Customers opting for trade-ins or upgrades will receive 20,000 points redeemable in the brand’s online mall.