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Gasgoo.com (Shanghai) - After a poor showing in June, the Chinese passenger automobile market’s overall performance continues to stumble into July. The sedan market in particular performed poorly. According to statistics from Gasgoo.com (Chinese), only 691,039 sedans were sold in July, down 19.5% from the previous year. Sedan sales only make up 57.3% of all Chinese passenger automobiles sold in the country, down 10 percent points from last year.

Gasgoo.com (Shanghai) - Suffering from a lagging economy, burgeoning inventories and struggling stock market, the Chinese automotive dealership industry has seen both demand and sales fall. Despite the fact that automotive manufacturers have used several measures to counteract these trends, including cutting prices, limiting production and offering subsidies for automotive dealerships. However, these measures have not been enough to solve the problems dealership networks are facing. Most dealership networks in the country have reported falling net profits for the first half of this year.