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Market drops 8.4% in Dec. but edges up in 2022

Market drops 8.4% in Dec. but edges up in 2022

New-vehicle wholesale shipments industrywide contracted 8.4 percent to 2.56 million in December as China lifted pandemic-triggered lockdowns, sparking a wave of COVID-19 infections that undermined retail activity and production.  For 2022, vehicle shipments rose 2.1 percent to approach 26.9 million behind demand for electrified vehicles and tax incentives for gasoline cars, the China Association of