Sales of light passenger vehicles in China fell by 3.2% to 1.43m units in June, according to the China Passenger Car Association.
Market conditions have toughened in recent months with major foreign brands caught up in a deepening price war to defend their market share.
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Consumer sentiment and even spending power have been affected by the sharp drop in the country’s main stock markets which have lost around one-third of their values since mid June.
While a more complete market report for the month of June is expected to be released by the China Association of Automobile Manufacturers (CAAM) in the next few days, the latest negative data is likely to be a good indicator of domestic consumer sentiment in the second half of the year.
