Ve­hi­cle sales drop 11.6% in Sept

China Daily (Hong Kong) - - BUSINESS -

Ve­hi­cle sales slid 11.6 per­cent in Septem­ber in their worst monthly drop in nearly seven years, as slow­ing eco­nomic growth and deep­en­ing Sino-US trade fric­tions took their toll on the world’s largest auto mar­ket. Ve­hi­cle sales fell for the third straight month in Septem­ber to 2.39 mil­lion units, the China As­so­ci­a­tion of Au­to­mo­bile Man­u­fac­tur­ers said on Fri­day, cit­ing a slug­gish econ­omy, delever­ag­ing and a tough pol­lu­tion crack­down for the steep fall. An­a­lysts have pre­dicted the mar­ket could con­tract this year for the first time in decades.

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