World’s Largest Car Market Faces Historic Drop
- Sales to Chinese dealerships fall for third month in September
- Trade war, economic woes hurting sales at GM, VW, Honda
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China’s car market has been one of the most reliable engines of global growth for decades. Now that all might be coming to an end.
Purchases of passenger vehicles by dealerships plunged for a third straight month, an industry group said Friday. With trade ties with the U.S. worsening by the day and car sales barely up for the year already, the industry is now facing the prospect of its first contraction since at least the 1990s.