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China vehicle sales to tally 28M in 2018, remain flat next year, CAAM predicts
Automotive News China | 2018/12/18

China's new-vehicle sales will total 28 million in 2018 due to the weak domestic economy, the China Association of Automobile Manufacturers predicted. For 2019, the industry trade group expects new light-vehicle sales in China to be unchanged at 23.6 million. Deliveries of new commercial vehicles including buses and trucks will edge up 1 percent to 4.4 million. 

After declining for five consecutive months, Chinas new-vehicle deliveries through November dipped 1.7 percent to roughly 25.4 million, 

New light-vehicle sales dropped 2.8 percent to around 21.5 million while new commercial vehicle deliveries rose 5 percent to about 3.9 million.

The association predicts that the Chinese auto market in 2018 will post the first annual sales decrease since 1990, with new-auto sales declining 3 percent from 2017. 

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