Vehicle sales growth down almost to zero in China
Date: 13:30, 16-11-2017.
Almaty. November 16. Silkroadnews - Vehicle sales growth fell almost to zero due to a decline in demand for sedans in China, WFTV portal reported.
“China’s auto sales growth fell below 1 percent in October as demand for sedans contracted. Sales rose 0.4 percent over a year ago to 2.3 million units, down from September's 4.1 percent growth, according to the China Association of Automobile Manufacturers. October sales of sedans shrank by 5.4 percent to 1.1 million, offset by a 13.9 percent gain for SUVs to 1 million,” the report said.
Reportedly sales declined in April and May, and then have become weak over the recent months.
For the first 10 months of the year, sales increased by only 2.1% compared to the same period in 2016.
