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

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

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 . . .

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