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Luxury car sales in China slump

2015-09-02 05:56:27| Auto Dealers - Topix.net

BOOM times for luxury cars in China would appear to be over - for the time being, anyway - following the recent stock markets rout and currency devaluation, compounded by an already slowing economy. Luxury car makers have viewed China as a major driver of future revenue growth and invested billions in factories and facilities to meet what they saw as a never-ending demand for their vehicles.

Tags: sales china car luxury

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