In China, there are many brands of the minibus. And the mini-bus price is strongly competitive.
In the past few years, the annual overseas sales of minibusses exceeded 50,000 units, a year-on-year increase of 13%.
Among them, our Kingstar’s sales have also increased to varying degrees
Especially in South America and Egypt, the price of a minibus is particularly intense. All brands are trying everything to improve brand competitiveness.
Our mini-bus price is between 7000-10000 US dollars.
In order to improve price competitiveness, we continue to make more optimized economic configurations. While striving to achieve a comfortable ride, price acceptance is also popular.
But we did not reduce the configuration or deteriorate the accessories for price competition. We believe that in addition to price competition, quality and service are more important, which is a necessary condition for long-term healthy development.
If purely just for reducing mini-bus price and lose quality and service, this will be a short-term achievement, and it will be abandoned by the market for a long time. In 2016, Kingstar exported 300 minibusses to Egypt. The mini-bus price is around $10,000. The price is around 10,000 US dollars. It is precise because of reasonable prices, good configuration, and quality service that our sales have continued to increase in the next few years. Brand awareness continues to increase.
With the increase in sales of minibusses, there is a constant demand for better services and more market-oriented prices. Promote healthy market development and reasonable price competition.