Auto sales in China are expected to drop 2% in 2020

Filed under:
By the Numbers,Green
BEIJING/SHANGHAI (Reuters) – Automakers in China need to get used to a new normal of “low speed growth” in the world’s largest car market, the country’s top auto body said on Monday, as it reiterated predictions that sales will likely shrink for the third consecutive year in 2020. The China Association of Automobile Manufacturers (CAAM) expects a 2% fall in vehicle sales. CAAM, affirming its forecast announced last month, also said auto sales declined for the 18th consecutive month in DecemberContinue reading Auto sales in China are expected to drop 2% in 2020
Auto sales in China are expected to drop 2% in 2020 originally appeared on Autoblog on Mon, 13 Jan 2020 08:50:00 EST. Please see our terms for use of feeds.
Permalink | 
Email this | 
Comments