July 25, 2019 / 1:47 PM / 4 months ago

China sees 2019 auto sales down 5% y/y - industry association

BEIJING, July 25 (Reuters) - Auto sales in China are seen falling 5% year-on-year to 26.68 million units in 2019, the country’s top industry association said.

Sales for new energy vehicles were expected to total 1.5 million units from a previous forecast of 1.6 million, the China Association of Automobile Manufactures (CAAM) said in a statement released on Tuesday.

Data released by CAAM earlier this month showed vehicle sales in the world’s top auto market contracted for a 12th straight month in June, with China’s economy slowing while it remains locked in a bruising trade spat with the United States. (Reporting by Yilei Sun and Brenda Goh, Writing By Min Zhang; Editing by Kirsten Donovan)

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