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Domestic auto sales strong, inventories fall in June, yet margin pressure remains

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China’s auto sales remained strong in June. Per the latest China Passenger Car Association data, domestic retail auto sales hit a solid 2.084 million units last month – up 17.9% y/y and 7.9% m/m.

Sales of gas-powered autos hit 973,000, up 15.8% y/y Sales of new energy vehicles (NEVs) hit 1.111 mill...



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