, Columnist
China’s SUV Makers Are Steering Toward Trouble
They need to stop churning out so many models as demand slumps.
Enough already.
Photographer: Nicolas Asfouri/AFP/Getty Images
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Unlike their American peers’ unceasing love for gas guzzlers, Chinese consumers are getting over them. The country’s carmakers should recalibrate.
Auto stocks have been the worst-performing sector in China as sales slide and foreign carmakers stake claims to a bigger share of the world’s largest market. Earnings last week didn’t give investors too much to bet on. Sales of Chinese brands dropped 6 percent in July from a year earlier, while German models posted a gain of almost 8 percent.