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China: auto sales growth slowing to 7% in 2014

2014-10-27 13:39:21| Auto Dealers - Topix.net

The chief of a Chinese auto industry body has predicted that the world's largest auto market - China - could face a slowing sales increase this year because of an equally dwindling overall economy. According to Dong Yang, secretary general of the China Association of Automobile Manufacturers , who was speaking to reporters on the sidelines of an industry gathering in Shanghai, the delivery increase would be of 7% in 2014, a 50% drop from the figure registered last year.

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