Shanghai in slow lane as market crash accelerates slump in luxury car sales

Little interest in showrooms as deep discounts fail to drive in customers Business appears to be slow at the Mercedes-Benz showroom in the Jing'an district of Shanghai. There are no customers and the staff look bored. A family comes in to look at the cars but appears to have no intention of buying. A salesperson is tight-lipped when asked whether they are seeing fewer customers through the doors. Car sales in China are slowing after years of rapid growth, and have slumped in the last few weeks. ...