Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

China on track for first drop in auto sales since 1990

Published 12/11/2018, 11:57 AM
Updated 12/11/2018, 11:57 AM
© Reuters.  China on track for first drop in auto sales since 1990

© Reuters. China on track for first drop in auto sales since 1990

  • Chinese automobile sales fell 14% to 2.55M units in November to mark the fifth month in a row of declining volume in the region. Total vehicle sales are likely to drop around 3% for the year in what would be the first annual decline for the market since 1990.
  • Passenger car sales were down 16% during November and are off 2.8% YTD through November 30.
  • EV sales continue to show improvement with increased support from Beijing. Electric car sales are up 68% YTD to 1.03M for the first 11 months of the year.
  • Source: Chinese Association of Automobile Manufacturers
  • Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, KNDI, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, OTCPK:DMLRY, OTCPK:VWAGY, OTCPK:BMWYY, GM, OTCPK:GNZUF, OTCPK:GNZUY, TSLA, F, OTCPK:NSANY, TM.
  • Now read: How Long Can Elon Musk Poke Regulators And Tempt Fate? (Podcast)


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.