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Vehicle sales growth expected to stall this year
Bloomberg | 2019/5/28

New light-vehicle sales will be about around 28.1 million this year, unchanged from 2018, the official Xinhua News Agency reported, citing a report released by the China Association of Automobile Manufacturers and other unidentified parties.

Recent data showed Chinas new-vehicle sales plunged for an 11th month in April, with little relief in sight for automakers as trade tensions and an economic slowdown weigh on demand.

Sales of passenger vehicles will be about 23.7 million units, in line with last year, Xinhua reported. 

Sales of new energy vehicles, however, are likely to remain buoyant and grow about 27 percent to hit 1.6 million from 1.26 units in 2018, the report said.

The country's auto market contracted last year for the first time in more than two decades due to softer domestic demand and a trade war with the United States. 

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