China Auto Imports to Fall 5 Percent in 2019: Sinomach Auto
(Bloomberg) -- The imported car market in the world’s second-largest economy will be gloomy next year if the trade war between the U.S. and China worsens and China implements a new emissions standard, according to a report from Sinomach Automobile Co., the biggest auto import dealer in the Asian nation.
Imports of Japanese large displacement vehicles have soared since China lowered auto tariffs in July, according to the report published Saturday.
New-energy vehicle imports have declined 1 percent as imports of Tesla Inc. vehicles, which account for 86 percent of the total NEV imports into China, fell “significantly” due to additional tariffs on U.S. cars, the report said.
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