Brakes on in China as demand for cars falls

13 July 2015 - 10:43 By Reuters

Prices for German luxury cars in China are tumbling as the stock market sell-off and worries about further economic contraction chill demand for cars. After a fall-off in customers, a dozen BMW stores with showrooms across China are being forced to give steep discounts to entice customers, according to the head of one dealer chain...

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.