Passenger-vehicle sales in 2018 shrink for first time in 20 years

SHANGHAI, Jan 9 (SMM) – Retail sales of passenger vehicles in China for 2018 fell for the first time in 20 years, according to the China Passenger Car Association (CPCA) said on Wednesday January 9. Sales shrank 6% from a year earlier.

About 2.26 million passenger vehicles, including sedans, SUV, multi-purpose vehicles (MPV) and mini-vans, were sold in December, down 19% year on year.