BEIJING -- Chinese new-car sales are on track to decline in 2018 in what would be the first drop on a full-year basis since 1990, in a further indication of a slowing economy.
The number of new vehicles sold in October fell 11.7% on the year to 2.38 million units, the fourth straight month of contraction, according to data released Friday by the China Association of Automobile Manufacturers. Year-to-date growth turned negative, with January-October sales down 0.1% to 22.87 million vehicles.
