Automobile market recovery falters

The recovery of China’s car market is stalling. In June, 1,6 million passenger cars, SUVs and minivans were sold to consumers in the People’s Republic – 5,3 percent less than in the same month last year, as reported by Wall Street Journal on Thursday, citing China Association of Automobile Manufacturers (CAAM). There had already been only a small increase in sales in May, according to data. Last week’s preliminary data had already indicated a decline for June. The manufacturers’ association also includes commercial vehicles and measures manufacturers’ sales to dealers. According to the key data, overall sales in June dropped by 16,3 percent to 1,93 million vehicles. ari