BEIJING, Dec 8 (Reuters) – China’s car sales dropped 8.5% in November from a year earlier, the second straight monthly decline, as the boost from a front-loading of purchases faded due to dwindling government subsidies. Car sales totalled 2.24 million vehicles last month, following a 0.8% slide in October, data from the China Passenger Car […]
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China’s car sales extend decline in November
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BEIJING, Dec 8 (Reuters) – China’s car sales dropped 8.5% in November from a year earlier, the second straight monthly decline, as the boost from a front-loading of purchases faded due to dwindling government subsidies.
Car sales totalled 2.24 million vehicles last month, following a 0.8% slide in October, data from the China Passenger Car Association showed on Monday.
(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh)