China's Passenger Car Association reported last week that retail sales of various vehicles totaled 1.78 million units in March 2019. The total was 12% less than the number of automobiles sold in March 2018. This matches the government's data, both sets very clear as to when Chinese economic struggles accelerated: May 2018.
For decades, there was just one way for China's car market: up. Once the trend abruptly reversed 10 months ago, the free fall in the world's largest market has shown no signs of easing.
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