SHANGHAI - With the coronavirus outbreak largely contained since March in China, the local market for new passenger vehicles and light trucks has sustained growth for five straight months. But there has been little to celebrate for American brands here. Except for Tesla, demand for U.S.-brand vehicles remains subdued, leaving many of their dealers struggling in the red. The worst performer among them is Jeep. While China's overall market has returned to growth mode, Jeep sales are stuck in a downward spiral that began in 2018.
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