New-car sales dip 3% in May, trade group says

New-car sales in China dipped 3% in May, marking the second consecutive month of decline despite a government scrappage program πŸš— #China #AutoIndustry

China’s new-car market contracted for the second straight month in May, despite a vehicle scrappage program the government launched at the beginning of the month, according to the China Automobile Dealers Association.

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