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CPCA estimates 11% y/y decline in China’s passenger vehicle market in 2020
On July 21, China Passenger Car Association (CPCA) released its analysis of the passenger vehicle market in the first half of 2020 as well as its expectations for the market over the entire year. CPCA estimated that China’s passenger vehicle market will experience an 11% year-over-year (y/y) decline in 2020.
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