China's Car Slump Drags On as Consumers Wait for Incentives
- Retail sales in world’s largest market fall for 11th month
- Global brands managing to navigate gloom, local ones suffer
This article is for subscribers only.
China’s car sales plunged for an 11th month, with little relief in sight for automakers as trade tensions, a slowing economy and consumption trends keep weighing on vehicle demand.
Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 16.6% to 1.54 million units in April, the China Passenger Car Association said Friday. That follows a 12% decline in March and an 18.5% drop in February.