China Auto Sales Post Biggest Drop in 7 Years as Growth Engine Stalls

BYD Tang car at the Auto China 2014, Beijing, China. Credit: Navigator84

(From Reuters)

China’s car sales fell the most in nearly seven years in September, stoking concerns the world’s biggest auto market could contract for the first time in decades this year amid cooling economic growth and a biting trade war.

Vehicle sales slumped by 11.6 percent to 2.39 million units last month, the third straight decline, the China Association of Automobile Manufacturers (CAAM) said on Friday.

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