China Car Sales Plunge Most In 7 Years Amid Global Auto Industry Meltdown | WHAT REALLY HAPPENED


China Car Sales Plunge Most In 7 Years Amid Global Auto Industry Meltdown

Car sales in China continued their relentless descent in January, falling 17.7%, as we recently expected would happen when discussing Europe's tumbling January auto sales. This follows the country's first full year slump (2018) in more than two decades and it puts further pressure on the state of the global automotive market.

The drop marked the eighth monthly retail sales decline in a row and was the biggest one-month drop in seven years.

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