Can Parallel-Imported Vehicles Be Transferred?
1 Answers
Yes, there are two types. One type can be transferred normally, but the procedures are quite complicated. The other type is abnormal and cannot be licensed or transferred. Definition of Parallel-Imported Vehicles: To encourage investment, the government offers a certain annual quota of tariff-discounted imported vehicles for foreign investors, overseas students, overseas Chinese, or foreign-invested enterprises that meet a certain investment threshold. Such vehicles are referred to as "parallel-imported vehicles" in the industry. The following three types of vehicles cannot be transferred: Smuggled, stolen, or accident-damaged vehicles. These three types cannot be licensed or transferred and are commonly known as "black market vehicles."