BEIJING—Auto sales in China were down 8.2% in 2019 from a year earlier, a second consecutive drop in the world’s largest auto market, once a reliable source of growth and profit.
A total of 25.8 million vehicles were sold last year, said the state-backed China Association of Automobile Manufacturers Monday. Sales in 2018 were off 2.8%.
After growing for decades, China’s auto market has been shrinking since July 2018—around the time tighter emission standards were introduced, coupled with an economic downturn that has dented consumer demand.
But the pace of decline has eased into the low single digits since October. Sales in December were down 0.1% from a year earlier, to 2.7 million vehicles. Monday’s data includes sales of both passenger and commercial vehicles.
Sales of new-energy vehicles, which includes electric cars, were down 4.0% in 2019 from a year earlier, to 1.2 million, after a 62% surge in 2018. The sector started to decline after subsidies were cut by more than half in June.
—Raffaele Huang contributed to this article.
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January 13, 2020 at 01:48PM
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China Auto Sales Slid 8.2% Last Year - Wall Street Journal
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