Car sales in China fell by 17.7% in January

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China Association of Automobile Manufacturers (CAAM) has published a report indicating a decline in car sales in the country for the seventh consecutive month. In January, sales fell by 17.7% relative to the first month of 2018. In December, its fall was at the level of 15.8%. Compared with December, the number of cars sold decreased by 9.49%, amounting to 2 million 110 thousand units. The decline of the Chinese car market, the largest in the world, was observed last year for the first time in 28 years. The number of sedans sold decreased by 14.9%, off-road vehicles - by 18.9%. Last year, auto dealers sold vehicles 15.8% less than in 2017.

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