Chinese Automobile Sales Decline for 14th Time in 15 Months
A car dealership in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Chinese auto sales fell for the 14th time in 15 months, extending what’s already been a historically prolonged slump in the world’s largest car market.
Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles in August fell 9.9% from a year earlier to 1.59 million units, the China Passenger Car Association said Monday.