MENU
SEARCHJuly deliveries make two months of declines, but sales in first seven months up
Meanwhile, Chinese carmakers increased exports in July by 63% year-over-year.
IMAGE: Pexels/Andrew Seto
Passenger auto sales in China fell in July for the second month in a row of declines, Reuters reported.
Sales fell 2.6% year-over-year in the world’s biggest vehicle market to 1.79 million, according to numbers released by the China Passenger Car Association, after falling 2.9% in June.
Despite the new trend, China’s auto sales are up 1.7% in the first seven months of 2023 to 11.4 million, Reuters said.
Meanwhile, Chinese carmakers increased exports in July by 63% year-over-year and by 56% in June, Reuters said, compensating for the overall slide.
It reported that Chinese brands should keep offering incentives in some segments, perhaps increasing them, citing a CPCA executive.
Originally posted on Auto Dealer Today
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →
Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.
Read More →
A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.
Read More →
Performance and profits start with people chosen and led the right way.
Read More →
Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.
Read More →
Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.
Read More →
Despite incentive spending not keeping pace with deliveries volume, consumers make their purchases ahead of tariffs impact.
Read More →
Hybrid solution combines benefits of reinsurance and dealer-owned warranty companies.
Read More →
Understanding how it plays into inventory risk management is an important consideration.
Read More →
Kerrigan Advisors poll shows percentage of retailers expecting lower profits, valuations is on the rise.
Read More →