China’s Car Slump Extends to a Year Without Signs of Reprieve

Caixin Global | Jun 12, 2019 at 5:03 AM
  • China’s car sales declined for a 12th consecutive month, a historic slump that’s left manufacturers reeling as trade tensions and economic worries weigh on consumer sentiment.
  • The unprecedented slide has hit local brands particularly hard, though sales of market leader Volkswagen AG have also waned this year.
  • Sales of Volkswagen-branded cars have fallen 8% in China this year through April.