China on track for first drop in auto sales since 1990

|By:, SA News Editor

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.

Source: Chinese Association of Automobile Manufacturers

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