BLOOMBERG Chinese car sales have fallen for the sixth month in a row, increasing pressure on global car manufacturers, which have relied on the market for decades. November saw domestic sales of multipurpose vehicles, sports utility vehicles and sedans drop 18% to 2.05 million units, according to the China Passenger Car Association. The government has been trying to boost demand by offering incentives such as tax breaks or subsidies that are not available elsewhere.
Chinese car sales have fallen for the sixth month in a row, increasing pressure on global car manufacturers, which have relied on the market for decades. November saw domestic sales of multipurpose vehicles, sports utility vehicles and sedans drop 18% to 2.05 million units, according to the China Passenger Car Association. The government has been trying to boost demand by offering incentives such as tax breaks or subsidies that are not available elsewhere.