Automakers, Dealers Struggle with Sales Slump

(Beijing) – Auto manufacturers and dealers who for years enjoyed a booming market in China have caught a chill after a long summer of unusually slow sales.

The China Association of Automobile Manufacturers (CAAM) said nationwide auto sales declined 16.6 percent in July from the previous month to 1.5 million units. That was the market's fourth straight month-on-month sales decline.