China auto sales to show flat growth in 2019-Xinhua
SHANGHAI, May 27 (Reuters) - China's automobile sales will
reach around 28.1 million units this year, unchanged from 2018
levels, state news agency Xinhua reported on Sunday.
Citing a report jointly released by the China Association of
Automobile Manufacturers and other parties, Xinhua said that
sales of passenger units will be about 23.7 million units, a
level also similar to that of last year.
Sales of new energy vehicles, however, are likely to remain
buoyant and grow about 27 percent to hit 1.6 million units from
1.26 units in 2018, the report said.
The country's auto market contracted last year for the first
time in more than two decades due to softer domestic demand and
a trade war with the United States. Monthly sales have so far
declined for 10 consecutive months.
(Reporting by Brenda Goh
Editing by Shri Navaratnam)
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