slowdown - Car sales in June record lowest growth in two years

"There was no "single smoking gun", said Michael Dunne, of Automotive Resources Asia in Shanghai, who believes that the drop in car loans alone cannot explain the extent of the slowdown," in today's Financial Times on a dramatic slowdown in the sales of cars in June. Compared to June 2003 sales grew 2.2 percent, the lowest growth in two booming years.
"There has been sensational growth for so long and there is a very real chance we have hit an intermediate ceiling," Dunne added.
Domestic demand might see a broader slowdown, that might hit more industries, as economist debate how to get a slow landing of the economy, while some signs indicate the beginning of a buyers' strike.