China Auto Market Growth Slows To Only 10%, Barely Able To Keep Lights On

Chinese automakers and dealers are beset on all sides by woe these days. They've seen they're meager 23.55% year over year sales growth in March shrink to a paltry 10.4% sales growth in April — that's the slowest sales growth in five whole months. Dealers across the enormous country are scraping bottom and barely able to make ends meet with only 10% sales increases per month. Industry analysts have noted that both corporate bosses and dealer operators are having troubles keeping up with yacht payments, vacation home mortgages, and various venture capital expenditures, but they vow to maintain a stiff upper lip. [The Tycho]