China Vehicle Sales to Fall 8% This Year in Second Straight Drop
This article is for subscribers only.
Vehicle sales in China are set to fall about 8% this year, an industry body said, the second straight annual drop for the world’s biggest auto market as consumers stay away from showrooms amid a cooling economy.
The China Association of Automobile Manufacturers gave the estimate on Thursday in Changsha, China. The drop compares with about a 3% decline in 2018, when sales fell for the first time since 1990.