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China’s passenger cars sales dropped in 2018 for first times in two decades

Passenger car sales in China, the world's largest auto market, dropped 6 per cent in 2018 compared to a year earlier, marking the first yearly drop in at least 20 years, according to the data released by China Passenger Car Association (CPCA) on Wednesday.

In the last month of 2018, passenger car sales slumped by 19 per cent compared to the same period a year earlier, to 2.26 million vehicles, shows the data.

"Due to low comparison base in 2018, passenger car sales are expected to see 1 per cent growth in 2019," said Cui Dongshu, secretary general . . .

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