July 'price war' challenged carmakers
By Marvin Zhu | China Daily | Updated: 2011-08-22 07:40
Japanese brands discount to regain lost ground as market cools and global economy uncertain
Light vehicle sales grew a mere 5 percent last month over July 2010 and fell 10 percent from the previous month June.
Though passenger vehicle sales increased 12 percent year on year to 953,000 units, light commercial vehicle sales fell 12 percent in the period to 305,000 units.
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