Chinese Car Sales Suffer Record Drop, Set For Historic Collapse
Zero Hedge -

Earlier this month we reported that one month after US carmakers slashed dealer and customer incentives, US auto sales plunged with most OEMs missing even the most pessimistic estimates. Now, the US auto malaise has apread to the world's largest car market: China.

Looking at the latest Chinese auto sales car market, which has been one of the most reliable engines of global growth for decades, Bloomberg warns that all that "might be coming to an end."

The reason: dealership purchases of...

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