Huge reductions across all Chinese marque’s foremost models.

MASSIVE cuts to pricing of LDV’s utes, sports utility wagon and vans announced today, a month after the distributor said it was parting ways with the Chinese marque.

The four-wheel-drive edition of the T60 dual cab utility is down to $31,990, a $13,000 cut, while the larger Terron T9 (above) in the same format is advertising in entry form at $38,990 - a saving of $16,000 on its previous recommended retail.

The D90 sports utility loses $10,000, to reposition at $39,990.

The Deliver 7 and larger Deliver 9 vans rezone to $35,990 and $45,990 respectively. Those reductions are between $15,000 and $10,000 off previous RRPs.

Inchcape, a United Kingdom-headquartered, multinational automotive investor, said on September 23 it was relinquishing LDV. Earlier that month it also determined to cease representing Korea’s KGM.

Those decisions left just Subaru as an Inchcape asset here and has raised speculation about the way ahead for the makes it cut free.

LDV belongs to China’s Shanghai Automotive (SAIC), which also sells MG product here.

The U9 large utility is MG’s twin to the Terron 9, but with different rear suspension. The U9 starts at $60,990.

LDV became an Inchcape asset here in August 2023. Before that, it was represented by a New Zealand operation, Great Lake Motor Distributors Group.

Registrations this year up to end of June came to 462 units. Last year 1405 new LDV utes and vans were plated. And in the period beginning January 1 2023 to end of June this year, 3831 vehicles were registered.

On September 23 Inchcape said there would be a transition period before the final date for the distribution would announce, with LDV itself set to communicate its future distribution arrangements in due course.

Inchcape said then it was “working collaboratively with LDV to ensure a smooth transition for the brand, with a focus on supporting customers, dealers and partners.”

The price reductions will be double-edged; while conceivably presenting massive perceived value to new owner, the impact on the residual value of stock already in ownership could well be dismaying.