Sales of cars and commercial vehicles declined significantly in June, according to data by the China Association of Automobile Manufacturers (CAAM). According to preliminary calculations, 16.3 percent fewer cars were sold compared to the same period last year. Sales had already fallen by 9.5 percent in the previous month of May, the CAAM said in Beijing on Monday. Prior to that, China’s automobile market posted 13 consecutive months of gains since April 2020.
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