China’s car sales in January slide

Car sales in China fell 18.7 percent in January, more than expected and marking the industry’s 19th consecutive month of sales decline, data from the country’s biggest auto industry association showed on Wednesday, Report informs citing the South China Morning Post.

The China Association of Automobile Manufacturers (CAAM) posted on its official WeChat account that new energy vehicle sales during the month fell 51.6 percent year-on-year, adding that declines in China’s car production and sales levels will be more significant in February due to the coronavirus outbreak.