The sales of cars in China grew by 5.6% in the first half of the year

Sales of cars in China for the first half of 2018 increased by 5.6% in annual terms to 14 million 100 thousand cars, the data of the Chinese Association of Automobile Manufacturers CAAM. Sales of Ford Motor Company for the first half of the year decreased by 26%. Sales of Ford amounted to only 400 thousand 400 machines and were the weakest since 2012. At the same time, General Motors sales grew 4% to 1 million 840 thousand cars. Dow Jones writes that the effect of the reciprocal duties of the US and China can significantly worsen the performance of the industry. Despite the results of the first half of the year that surpassed market expectations, in connection with the trade conflict between the US and China, CAAM confirmed the forecast for the growth in sales of cars in China for 2018 at 3%.

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