China's Car Dealers Ask Government to Stimulate Slumping Auto Sales
Prospective customers look at vehicles on display at a dealership in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s car dealers urged the government to stimulate auto demand as soon as possible to help end a historic slump that’s now approaching the one-year mark.
The government could spur demand by making the switch to new stricter emissions standards more transparent, the China Automobile Dealers Association told regulators. A lack of clarity regarding the transition has hindered dealers’ ability to plan ahead and prompted consumers to delay purchases, CADA said in report dated May 24.