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China car sales fall for first time in 20 years
World | business | 19:10, 09 January 2019 | 748

AKIPRESS.COM - Car sales in China, the world's biggest vehicle market, have seen their first annual fall in twenty years, BBC news.

Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA).

The deceleration comes amid a slowdown in China's economy which has hit performance at car manufacturers around the world.

Meanwhile the country's most successful carmaker, Geely, is forecasting flat sales this year.

Foreign car makers such as Ford, Volkswagen, Jaguar Land Rover and General Motors have all reported falls in sale over the last few months in China.

Government subsidies for car buying also ended last year reducing consumer incentives to buy new cars.

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