New vehicles are seen at a parking area of an automobile factory in Wuhan, Hubei province, August 1, 2015. China’s falling auto sales have been at the forefront of concerns that its economy is slowing much faster than expected, weighing on oil prices. Yet moves to cut the cost of car-financing as part of economic stimulus efforts this week may not be enough to drive up auto sales or boost demand for oil, analysts said. Domestic car sales have fallen since April, dropping by 7 percent, or more than 100,000 cars, in July from a year ago and likely putting out of reach even a revised 2015 vehicle growth target of 3 percent, down from 7 percent previously. The downturn has already hit oil markets as importers and refiners adjust their order books. To stem the tide, China’s central bank has cut interest rates and reserve requirement ratios for […]