China Auto Sales Growth Lags U.S. For First Time in 14 Years
This article is for subscribers only.
China’s auto sales slowed last year, trailing growth in the U.S. for the first time in at least 14 years, after the government ended stimulus measures and as the nation’s economic expansion showed signs of easing.
Total vehicle sales, which include cars, trucks and buses, rose 2.5 percent to 18.5 million, according to data released by the China Association of Automobile Manufacturers today, compared with the 3 percent median estimate of five analysts surveyed by Bloomberg. The country remained the world’s biggest vehicle market for a third straight year, with demand projected to grow about 8 percent this year, the industry group said.