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China's auto sales slump 18% in January

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Christian Fernsby ▼ | February 13, 2020
Chinese auto sales in January declined 18% on year to 1.94 million vehicles, the government-backed China Association of Automobile Manufacturers said today.
China cars
Auto industry   China cars
Auto sales in China declined for the second straight year in 2019 to 25.8 million, down significantly on the record-high 28.9 million sold in 2017.

Topics: China auto sale

The painful start to the year could spell another full-year decline for the Chinese industry in 2020.

Sales of electric vehicles also slumped in January, falling 54% on year to 44,000 vehicles.