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Economy

World's largest car market suffers double-digit decline in sales

China's third straight negative month raises possibility of full-year dip

New cars are seen at a parking lot in Shenyang, Liaoning Province.
New cars are seen at a parking lot in Shenyang, Liaoning Province.   © Reuters

BEIJING -- China's new vehicle sales fell on the year in September for a third straight month, down 11.6% to 2,394,100 units, the China Association of Automobile Manufacturers said Friday.

The double-digit drop is China's first since becoming the world's largest auto market in 2009, excluding the months of January and February, when sales swing depending on the timing of the Lunar New Year holiday. Sales especially slumped in inland cities, which had been driving the market.

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