China Car Sales Keep Shrinking, Intensifying Automakers’ Woes
Photographer: Xinhua News Agency via Getty Images
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China’s automobile deliveries continued to shrink last month, extending the market’s historic decline.
Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles in July fell 3.9% from a year earlier to 1.53 million units, the China Association of Automobile Manufacturers said Monday. That is the 13th consecutive monthly decline.