Chinese automobile sales fell 14% to 2.55M units in November to mark the fifth month in a row of declining volume in the region. Total vehicle sales are likely to drop around 3% for the year in what would be the first annual decline for the market since 1990.
Passenger car sales were down 16% during November and are off 2.8% YTD through November 30.
EV sales continue to show improvement with increased support from Beijing. Electric car sales are up 68% YTD to 1.03M for the first 11 months of the year.
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