ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

China car sales poised for first annual drop in 28 years

Trade war dampens consumer confidence, leading to double-digit dip in October

An automobile terminal at the port of Dalian in China's Liaoning Province. China's new-car sales have fallen year on year for four straight months as consumers face an uncertain economic outlook.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more