CHENGDU, CHINA ¨C On the outskirts of this city of 21 million, a showroom in a shopping mall offers extraordinary deals on new cars.
Visitors can choose from some 5,000 vehicles. Locally made Audis are 50% off. A seven-seater SUV from China¡¯s FAW is about $22,300, more than 60% below its sticker price.
These deals ¡ª offered by a company called Zcar, which says it buys in bulk from automakers and dealerships ¡ª are only possible because China has too many cars.
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