China’s new-vehicle market downturn extends; EV sales slip for 3nd straight month

China’s new-vehicle market has contracted for the 15th straight month, with sales declining 5.2 percent from a year earlier to 2.27 million in September, as the nation’s weakening economy continues to weigh on light vehicle demand.

Last month, new light-vehicle deliveries slipped 6.3 percent to around 1.93 million, according to the China Association of Automobile Manufacturers.

Weak light-vehicle demand wiped out mild gains in sales of new commercial vehicles.

In the month, deliveries of new commercial vehicles, including buses and trucks, gained 1.9 percent to around 340,000.

For the first nine months, new-vehicle sales in China dropped 10 percent from a year earlier to approach 18.4 million.

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