According to the US "Wall Street Journal" reported on December 10, due to the negative impact of China's economic slowdown on market demand, the sales of new passenger cars in November this year was 1.8 million, an increase of 4.7% over the same period of the previous year. The lowest increase in years.
In the third quarter of this year, China's economy hit its lowest growth rate in five years. Most of the recent data from industrial value added, investment to real estate sales indicate that the economy is slowing further.
China Association of Automobile Manufacturers announced on the 10th that in the first 11 months of this year, sales of new passenger vehicles increased by 9.2% to 17.6 million. In addition, sales of all vehicles, including passenger cars and commercial vehicles, exceeded 21.1 million units, an increase of 6.1% over the same period last year.
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