J.D. Power and Associates Reports: China's New-Vehicle Market Shows Signs of Slowing after...

J.D. Power and Associates Reports: China's New-Vehicle Market Shows Signs of Slowing after Several Years of Rapid Growth J.D. Power Revises 2008 China New-Vehicle Sales Forecast Downward to 5.95 Million Units SHANGHAI, China, July 24 /PRNewswire/ -- J.D. Power and Associates has reduced its forecast for passenger vehicle demand in China. The downward revision to 5.95 million units for 2008 marks a 4 percent decrease from the 6.2 million units forecasted at the beginning of the year. (Logo: http://www.newscom.com/cgi-bin/prnh/20050527/LAF028LOGO-a) The revised forecast is still a 9.7 percent increase from the 5.42 million passenger cars sold in China in 2007, but it marks the first time since 2003 that the growth from the previous year is below 10 percent. Year-over-year sales of cars, SUVs and minivans increased by only 8... [read full story]