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Tier 1 residential sales (by area) were -7.5% wk/wk, down from prior week sales growth of -2.4% wk/wk. On an m/m basis, the rolling 4-week sales were -4.2% m/m, down from prior week growth of -2.5% m/m. On a y/y basis, the rolling 4-week sales growth improved to +1.6% y/y from +0.7% y/y a week ago.
Property Market Channel Checks; Macro notables; Early look into 3Q16 trends show loss of momentum; Automotive to Negative; More cities implement property restrictions.
Nissan, Ford, Peugeot rose most; Audi, BMW moderated
Tier 1 residential sales (by area) were -2.4% wk/wk, up from prior week sales growth of -15.0% wk/wk. On an m/m basis, the rolling 4-week sales were -2.5% m/m, in-line with prior week growth of -2.5% m/m. On a y/y basis, the rolling 4-week sales growth improved to +0.7% y/y from -2.2% y/y a week ago.