Press "Enter" to skip to content

China’s car sales to drop 8% this year, to decline another 2% in 2020 – industry body


Car sales in China are set to drop about 8 per cent this year, the second straight annual drop for the world’s biggest auto market and they are expected to decline by another 2 per cent in 2020 as consumers stay away from showrooms amid a cooling economy.

The China Association of Automobile Manufacturers (CAAM) gave the estimate on Thursday in Changsha, China. The drops compare with about a 3 per cent decline in 2018, when . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In