China Auto Sales Plunge, Face First Annual Decline in 30 Years

New-vehicle sales in China plunged 13.9% in November, compared to a year ago, to 2.55 million units, the China Association of Automobile Manufacturers (CAAM) announced today. This was the fifth month in a row of year-over-year drops, and the steepest year-over-year drop since January 2012, which had been caused by the timing of the lunar new year. November brought sales for the first 11 months to 25.4 million new vehicles, a drop of 1.7% from a year ago.

 

 

 

https://wolfstreet.com/2018/12/11/china-auto-sales-plunge-face-first-annual-decline-in-30-years/

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