sales Of new cars declined in China in the past year, for the first time since the 1990s. In December, the sales numbers have been the sixth consecutive month of decline, so that sales in the total has fallen year by 2.8 percent to 28.1 million vehicles, informed the automotive industry Association CAAM on Monday.
As the reasons for the Association, led by the higher customs duties in the trade war between China and the United States, as well as the elimination of tax advantages. Originally, the CAAM for the largest car market in the world had estimated an increase of three percent.
the premium market continues to grow
The weakness in demand was particularly true in the volume market, while the German car manufacturers dominated the premium market grew further. From the Western manufacturers, Ford suffered a loss of 37 percent, the strongest blow. The Volkswagen brand had springs with a slight drop in sales. Daimler, BMW and Volkswagen subsidiary Audi, could, however, more new cars go.