economy - Car sales drop

September 2004 saw a drop in car sales in China compared to the same month in 2003, writes the Financial Times.
It is another time that the party that started for car manufacturers in the first half of 2002 might be over. A combination of the credit crunch by the central government and a lackluster mood among the potential customers who expect further price reducations are some of the explanations.
Apart from a drop in units, also the average price is dropping. Last year 25 percent of the cars sold cost almost 25,000 US dollar, now the average price is about half.