CBU motor car imports down

According to the General Department of Customs, more than 45,300 completely-built-unit (CBU) motor cars had been imported this year as of May 15, worth a total of $1.13 billion, down by more than 12,000 vehicles and nearly $170 million year-on-year. The policy of cutting registration fees for domestically-manufactured and assembled cars by 50 per cent is behind the decline.