The Chinese auto market in June slumped for a 12th straight month as consumers grew tightfisted given uncertainty about U.S. trade relations
SHANGHAI—Major car makers are struggling in China as a slowing economy depresses sales of new vehicles and prolongs a yearlong downturn in the world’s largest auto market after three decades of growth.
The Chinese auto market in June slumped for a 12th straight month as consumers grew tightfisted given the uncertainty around U.S. trade relations and as dealers flooded car lots with older models, hoping to sell them ahead of a new emissions rule that took effect this month.
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