Missed Targets Back BMI Forecast Of Deceleration In Second Half Of Year

Passenger car sales growth of 10.9% year-on-year in June, the lowest in 14 months, suggests BMI's expectation of a slowdown in the rapid growth of previous years is playing out. Data from the China Automotive Technology & Research Centre (CATRC) show that sales were in the shadow of the 34% and 25% rises recorded in April and May respectively. The numbers also revealed that several carmakers underestimated the cooling growth in the market and missed their sales targets for

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