Car Sales Squeeze.docVIP

Car Sales Squeeze 　　Struggling auto dealers in the Beijing market are bracing themselves for more bad news. In the four years after 2014， the number of cars available for sale in the Chinese capital will be restricted to 150，000 per year， a drop of 90，000 compared to 2013. 　　Beijing announced the policy of restricting car sales in December 2010. Every year only 240，000 vehicles go on sale， making a serious dent in auto makers and dealers’ profits. Before the policy was adopted， Beijing’s auto market was thriving. In 2010 alone， 920，000 vehicles were sold in Beijing. The sales restriction poli