Car buyers waiting for proposed tax cut

Potential car buyers are delaying their purchases until a proposed new tax cut is passed, hurting dealers' sales in what is traditionally the busiest season of the year.

The National Passenger Car Information Exchange Association (NPCIEA) proposed the tax cuts in mid-December. NPCIEA said the proposal is now under discussion by the government and is likely to take effect soon.

More than 90 percent of the 10,000 respondents to an online survey by Sinotrust, a leading automobile industry research company, said they would not purchase vehicles before the tax cut.