Looming restrictions, high inventories

Price battles as domestic share continues to slide

Although a slower month than June, light vehicle sales remained stable in July with total volume reaching 1.38 million units, a 9 percent increase compared to the same period last year.

Passenger vehicle sales totaled 1.05 million units, up 10 percent year-on-year, while light commercial vehicle sales showed a weak recovery, increasing 6 percent to 320,000 units.