"Unprecedented" China Auto Market Collapse Heads Into Third Year After November Sales Drop 4.2% | WHAT REALLY HAPPENED

"Unprecedented" China Auto Market Collapse Heads Into Third Year After November Sales Drop 4.2%

The ongoing recession in the global auto market has undoubtedly been lead by China - and if November's trends are any indication, the entire industry could be setting up for an ugly 2020.

Sales of sedans in China fell 4.2% in November to 1.97 million units, according to the CPCA on Monday.

This marks the 17th decline in the last 18 months and all but ensures that China will see a second straight annual drop for its auto market, according to Bloomberg.

Webmaster's Commentary: 

These numbers look exceptionally awful.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA