Car sales in China in 2018 fell for the first time in 28 years

113453

Car sales in China have declined for the first time since 1990, according to the China Association of Automobile Manufacturers (CAAM). The figures fell by 2.8% last year to 28.1 million vehicles. The supply of passenger cars fell by 4.1%. At the same time, cars using alternative energy sources proved to be successful among consumers - their sales increased by 62%. The increase in the standard of living of the population and the rise in energy prices stimulated high demand for SUVs in China. Sales of crossovers increased 20 times in 10 years, and the demand for sedans doubled. In 2019, sales of cars in the country, according to experts, will remain at the same level, and the export of cars will be reduced to 1 million units.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: