China’s auto sales extend historic decline in September
by ChemOrbis Editorial Team - content@chemorbis.com
According to data released by the China Association of Automobile Manufacturers (CAAM), China’s auto sales fell 5.2% from the same month a year earlier to 2.27 million vehicles.
This marked the 15th straight monthly fall in the world’s largest car market.
Auto sales in the country saw their their first annual decline since 1990 in 2018, after enjoying double-digit annual growth rates as recently as three years ago.
In addition to an economic slowdown, the Chinese auto market has been adversely affected by new vehicle emission standards, which are part of efforts to combat pollution in the country.
This marked the 15th straight monthly fall in the world’s largest car market.
Auto sales in the country saw their their first annual decline since 1990 in 2018, after enjoying double-digit annual growth rates as recently as three years ago.
In addition to an economic slowdown, the Chinese auto market has been adversely affected by new vehicle emission standards, which are part of efforts to combat pollution in the country.
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