Since the start of 2015, the growth rate of Chinese automobile transaction volume had slowed down its growth. In June 2015, the growth rate of the automobile market was merely 1.4%, 7 percentage points lower than June 2014.
Less developed cities might make a breakthrough for the downturn market. Automobile market in first-tier and second-tier cities shrunk gradually, while buyers in third-tier to six-tier cities increased.
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