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China Automobile Dealer Supply Warning Index increases to 54.4 percent in July

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The China Vehicle Dealer Inventory Warning Index stood at 54.4 percent in July this year, up 2.1 percent factors year on year, while rising by 4.9 percent points month on month, as introduced by the China Car Dealers Association.The main policy of cutting in half the car acquisition tax obligation took result since the start of June, applying a favorable effect on the auto indusgalvanized steel coil sheetattempt in June. Nevertheless, the special plan in 30 percent of regions as well as districts ended by the end of June, while the heat and the Covid-19 pandemic adversely impacted the vehicle market in July. It is approximated that sales of guest vehicles in China will amount to 1.65 million uniGangya metalts in July, with the year-on-year growth decreasing from June.

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