SHANGHAI, May 27 (Reuters) - China's commerce ministry will meet industry bodies and automakers including BYD 1211.HK and Dongfeng Motor 0489.HK to discuss an emerging trend of sales of "used cars" that were never driven, a person with direct knowledge of the matter said.
The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity. It follows last week's comments by Great Wall Motor's Chairman Wei Jianjun that 3,000 to 4,000 vendors on used car platforms were selling "secondhand cars with zero mileage".
The commerce ministry, BYD and Dongfeng Motor did not immediately respond to a request for comment.
(Reporting by Shanghai and Beijing newsrooms; Editing by Clarence Fernandez)
((brenda.goh@thomsonreuters.com; +86 (0) 21 2083 0088; Reuters Messaging: brenda.goh.thomsonreuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.