Rising sales, but dealers feel crunch
By Marvin Zhu | China Daily | Updated: 2012-06-25 07:56
Price wars, credit costs squeezing retail profits
The market moved forward in May as light vehicle sales rose 18 percent over a year earlier to 1.6 million units.
Passenger vehicle sales surged 22 percent to 1.2 million units and light commercial vehicles finally recorded growth, up 9 percent, after remaining sluggish for more than a year.
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