Article by [author-name] (c) South China Morning Post - Read full story here.
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…