BEIJING — China’s passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy and a prolonged slump in the housing market.
Automakers are concerned about a demand slowdown as the world’s second-largest economy loses its post-pandemic bounce.
Car sales totaled 1.79 million units in July, down 2.6 percent from last year, data from the China Passenger Car Association (CPCA) showed, the second