China’s Auto Market Will Be Hard to Jumpstart

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Heard on the Street: Investors counting on Beijing to reverse the slide in Chinese car sales may be disappointed

China’s auto sales fell 15% in April compared with the same month in 2018, the 10th consecutive month of decline and worse than the 11% drop recorded in the first quarter.

That’s even after a cut in value-added tax last month prompted many car makers to reduce prices. Inventories on car lots have also picked up after dealers ran them down in the first quarter.

 

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