Auto Sales Are Slipping As Recession Fears Grip Markets ...Middle East

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Auto sales continue to sputter heading into the back half of 2022, as global recession fears mount and supply chain issues persist. The latest to disclose lackluster numbers was Porsche, who said their global deliveries were down 5% to 145,860 vehicles in the first half of the year, according to a wrap up by Bloomberg on Friday morning. The company cited (surprise) "supply-chain challenges and China’s resurging pandemic," the note says. Sales were down 10% in the U.S. and 16% in China, where lockdowns once again became reality during…

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Last updated : 18 July 2022 clock 07:32 PM

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Auto Sales Are Slipping As Recession Fears Grip Markets ...Middle East

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