Porsche

China’s Ministry of Finance has revised consumption tax regulations for luxury vehicles priced at 900,000 yuan (approximately $125,000 USD) or higher, impacting both traditional and electric vehicles. The new rules take effect on July 20th, 2025, prompting a surge in demand for high-end cars, particularly brands like Porsche. Dealerships report tight inventory and a buying frenzy as consumers rush to purchase vehicles before the tax hike, potentially saving thousands of yuan.