China's auto sales face more bumps ahead, industry body warns, after latest slump

BEIJING/SHANGHAI - China’s auto sales could experience negative to low growth over the next three years, an official with the country’s top industry association said, after sales fell for a 14th consecutive month in August.

Total auto sales fell 6.9% from the same month a year earlier to 1.96 million, CAAM said on Wednesday. This followed declines of 4.3% in July and 9.6% in June. As recently as three years ago automakers had enjoyed double digit annual growth in the world’s largest auto market, before the brakes came on with the first annual contraction since the 1990s last year.

beurs aex autoverkopen china weer n dreun van -10%. China heeft zelf 10 automerken. Die zullen ze dus promoten. Betekent dat de duitse auto's daar een nog veel grotere krimp zullen hebben. aalberts

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