Date
17 January 2020
China has seen its auto industry sputter in recent months after heady growth earlier. Photo: Bloomberg
China has seen its auto industry sputter in recent months after heady growth earlier. Photo: Bloomberg

China vehicle sales drop for 17th straight month in Nov

Auto sales in China fell for a 17th consecutive month in November, with the number of new energy vehicles (NEVs) sold contracting for a fifth month in a row, Reuters reports, citing data from the China Association of Automobile Manufacturers (CAAM).

Total vehicle sales in the country fell 3.6 percent last month compared to the same period in 2018, according to the nation’s biggest auto industry association.

That follows a drop of 4 percent in October and 5.2 percent in September. Car sales in China shrank last year for the first time since the 1990s against a backdrop of slowing economic growth and the Sino-US trade war.

In November, sales of NEVs fell 43.7 percent, following a 45.6 percent drop in the previous month, according to CAAM.

In 2018, NEV sales jumped almost 62 percent even as the broader auto market contracted.

NEVs include plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel cells.

Among various automakers, Geely posted 1 percent year-on-year sales growth in November while SAIC Motor recorded a 9.6 percent drop due to poor performance at joint ventures with General Motors.

NEV sales at both BYD and BAIC’s electric vehicle unit BluePark, in which Daimler has some stake, fell around 63 percent last month from a year ago, according to the report.

– Contact us at [email protected]

RC