China Retail July 2019: Hongqi (+85.8%), Mercedes (+22.3%), Toyota (+4.9%) impress in market logically down -20.4% post Stage 6 implementation
Hongqi Retail sales are up 85.8% in a market down -20.4%. As expected, after an artificial 41.7% surge last month due to pulled forward registrations ahead of the Stage 6 emissions standards implementation on July 1, the Chinese Retail market (end-customer registrations) falls back to earth in July at -20.4%…