China's car market falls 11 months in a row - the worst dynamics for decades

By Alexsword

Another news from China, very alarming, considering how many industries work in the auto industry.

Retail sales of cars in China in April decreased by 16.6% compared with the same month a year ago. The double-digit decline became the “norm” - it followed the reduction in March by 12% and in February by 18.5%.

In general, the market decline has been going on for 11 months in a row.

If this reflects a decline in the domestic market solvency, then the process will also affect other durable products, such as housing.


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