Jaguar Land Rover has also had a puncture in China. Figures out from the China Association of Automobile Manufacturers (CAAM) states that nationwide auto sales declined 16.6% in July, making it the fourth straight month-on-month decline in sales for the industry in China. The Chinese government has been trying to boost car sales, but so far it’s not working. In response, some have cut prices or cut sales targets, whilst closures have begun in the Hangzhou and Beijing areas. The situation will be exacerbated by new regulations in September from the Ministry of Transport, along with government plans to revise the rules for auto dealerships.
Figures out from the China Association of Automobile Manufacturers (CAAM) states that nationwide auto sales declined 16.6% in July, making it the fourth straight month-on-month decline in sales for the industry in China. The Chinese government has been trying to boost car sales, but so far it’s not working. In response, some have cut prices or cut sales targets, whilst closures have begun in the Hangzhou and Beijing areas. The situation will be exacerbated by new regulations in September from the Ministry of Transport, along with government plans to revise the rules for auto dealerships.