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High-end car sales sink in China as its economy slows, taking a toll on European automakers
- Chinese demand for foreign luxury cars is declining as customers favor affordable Chinese models, which offer big discounts and cater to preferences for electronics and comfort.
- A prolonged property downturn in China has reduced consumers' willingness to make large purchases, contributing to weaker demand for premium cars.
- Slowing economic growth is a significant factor contributing to reduced demand for premium cars in China.
- Mercedes-Benz reported a 27% drop in sales in China from a year earlier during the July-September quarter.
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21 Articles
21 Articles
Coverage Details
Total News Sources21
Leaning Left5Leaning Right2Center8Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 33%
C 54%
13%
Factuality
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