China car sales to show flat growth in 2019: Xinhua

27 May 2019 - 10:05 By Reuters
New cars lined up in a parking lot in Shenyang, in north-east China's Liaoning province.
New cars lined up in a parking lot in Shenyang, in north-east China's Liaoning province.
Image: AFP

China's car sales will reach around 28.1 million units this year, unchanged from 2018 levels, state news agency Xinhua reported on Sunday.

Citing a report jointly released by the China Association of Automobile Manufacturers and other parties, Xinhua said sales of passenger units will be about 23.7 million units, a level also similar to that of last year.

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Sales of new energy vehicles, however, are likely to remain buoyant and grow about 27 percent to hit 1.6 million units from 1.26 million units in 2018, the report said.

The country's car market contracted last year for the first time in more than two decades due to softer domestic demand and a trade war with the United States. Monthly sales have so far declined for 10 consecutive months.


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