China's car sales dropped 6.9% in June, marking the third consecutive monthly decline (CPCA).
China's car sales dropped 6.9% in June, marking the third straight monthly decline, according to the China Passenger Car Association (CPCA). Car sales fell to 1.78 million passenger vehicles, with the decline rate accelerating from a 2.2% drop in May and a 5.8% fall in April. Government incentives failed to stimulate demand during the economic recovery process.
July 08, 2024
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