, Columnist
Chinese Car Sales Run Out of Gas
Rising inventory levels and an increase in discounting point to trouble ahead.
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Followers of China's auto market have had a turbulent few months.
Last year was a record-breaker. Monthly sales, which first cracked the 2 million mark as recently as 2013, surged above 3 million in December. Still, pessimists were focused on what would happen in January, when the rollback of a tax discount for small-engined cars was expected to hit demand.