The rapid growth in Chinese sales of sedans, SUVs and light trucks slowed sharply in July as sales rose just 6.8 percent over the same month of 2007, the lowest monthly expansion rate in two years, an industry group reported Friday.
Sales of sedans rose by just 1.6 percent, according to the China Association of Automobile Manufacturers.
It was the fifth straight month that sales growth has declined. Growth was at double-digit monthly rates early this year.
China is the world's second-largest auto market after the United States, and global automakers are counting on it to drive revenues as sales elsewhere slump. But analysts say high oil prices …
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