Au­to­mo­bile mar­ket may see slower uptick

China Daily - - BUSINESS -

The au­to­mo­bile mar­ket in China is likely to ad­vance at a slow pace in 2019 as the mild eco­nomic ex­pan­sion may weigh on big-ticket item con­sump­tion. About 28 mil­lion cars are likely to be sold in 2019, re­main­ing flat com­pared with 2018, ac­cord­ing to the China As­so­ci­a­tion of Au­to­mo­bile Man­u­fac­tur­ers. Com­mer­cial ve­hi­cles sales might edge up 1 per­cent year-on-year to reach 4.4 mil­lion units, while new en­ergy ve­hi­cles sales are ex­pected to regis­ter a fast clip at 33 per­cent year-onyear to reach about 1.6 mil­lion units.

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