China’s auto market slows as peak season disappoints
Car sales in China record their sharpest monthly decline of the year despite the traditionally strong seasonal period.
China’s automotive market is slowing precisely during the period that has historically supported purchases most strongly. Sales recorded their steepest monthly contraction of the year, disappointing industry expectations.
The figure points to still-fragile domestic demand, despite incentives and promotions introduced by manufacturers. Weakness in China’s market is weighing particularly on local brands and increasing competitive pressure, especially in the electric-car segment.