China's auto sales fell 2.76 percent year-on-year to 28.08 million vehicles in 2018
On January 14, the China association of automobile manufacturers (caam) released data on domestic new vehicle production and sales for December and the whole of 2018.It shows that in the last December, the production and sales of new cars in the Chinese market were 2.4822 million and 2.6615 million respectively, among which the production decreased by 0.65% month on month and 18.39% year on year, while the sales volume increased by 4.46% compared with November, but compared with the same period in 2017, the decline rate was 13.03%.For the whole year of 2018, China's new car production and sales totaled 27,809,200 and 28,080,600, respectively, down 4.16% and 2.76%, respectively, year on year. Although China has ranked the first in the world for ten consecutive years, its sales volume has declined annually for the first time since 1990.
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