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China Expects Car Sales to Grow This Year, Reversing Prior Drop

China Expects Car Sales to Grow This Year, Reversing Prior Drop

China auto sales may grow in 2021, reversing three years of declines, according to Wang Bin, a deputy head at the Ministry of Commerce’s consumption promotion department.

  • Recent declines in monthly new car sales were affected by a higher base last year, tighter car chip supply and a stabilizing market after years of rapid growth, Wang said at a press conference on Sunday
  • Previous story: China Aug. Retail Passenger Vehicle Sales Fall 14.7% Y/y: PCA

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