More than half of Chinese car dealerships were in the red in the first half of the year. According to a report by the specialist portal Yicai.com, 50.8 percent of car dealers reported losses between January and June, which, according to data from the China Automobile Dealers Association CADA, is 7.3 percent more than in the same period last year. Only 35.4 percent of dealers made a profit. According to Yicai, the main reason for this is the ongoing price war in China’s car market.