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Less than one third car dealers in China make money amid industry downturn

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

While the world's largest automobile market undergoes a persistent weakness, China’s car dealerships see earnings worsen significantly, with nearly half reporting losses in the first six months of this year and only about one third making profit, according to an industry report released on Wednesday.

Up to 44 per cent of car dealerships recorded a loss in the first half of the year and only 29 per cent turned a profit, while 27 per cent said they broke . . .

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