China's car wholesales rose for third straight month, dealers face pressure as retail sales set to decline

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's wholesale shipments of vehicles increased for a third straight month in June as the economy continued to recover from coronavirus shutdowns. However, data from car dealers shows they are still facing great pressure from high inventory and retail sales are set to decline.

Preliminary data from the China Association of Automobile Manufacturers (CAAM) shows that total sales of passenger cars such as sedans and SUVs, as well as commercial vehicles, increased 11 per cent in June from a year earlier to 2.28 million units.

That represent a significant pick-up from a . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!