Ongoing challenges in component supply, exacerbated by restrictions in China, hampered the industry’s ability to fulfil demand.
There is good news in the product mix. Diesel and petrol fell and battery vehicles rose. But overall the marked decline is the issue.
We are in a country in recession territory now and the government is showing not the slightest sign of being aware of it.
Excess demand over available supply is evidence of recession now, is it?