Surging popularity of Nissan, Honda fails to halt 7.5 per cent slump in China’s car sales in 2019 as slowing economy deters buyers

//Surging popularity of Nissan, Honda fails to halt 7.5 per cent slump in China’s car sales in 2019 as slowing economy deters buyers

Surging popularity of Nissan, Honda fails to halt 7.5 per cent slump in China’s car sales in 2019 as slowing economy deters buyers

China’s once-buoyant car market posted declining sales for a second consecutive year, falling well short of analysts’ expectations as an economic slowdown deterred consumers from splashing out on big-ticket items.Sales of passenger cars, which include sedans, sport utility vehicles, minivans and multi-purpose vehicles, slumped to 21.04 million units in 2019, down 7.5 per cent from the previous year, according to figures from the China Passenger Car Association. Market watchers had forecast…

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By | 2020-01-09T11:57:52+00:00 January 9th, 2020|Business|Comments Off on Surging popularity of Nissan, Honda fails to halt 7.5 per cent slump in China’s car sales in 2019 as slowing economy deters buyers