• China October auto sales stall as sedan demand shrinks

    One year ago - By Chron

    BEIJING - An industry group reports China's auto sales growth fell close to zero in October as demand for sedans contracted.
    The China Association of Automobile Manufacturers said Wednesday sales rose by 0.4 percent over a year earlier to 2.3 million units, down from September's 4.1 percent rate. Sales of sedans shrank by 5.4 percent, offset by a 13.9 percent gain for SUVs.
    Chinese auto sales have struggled this year after a temporary tax cut boosted 2016 growth to 15 percent. Sales contracted in April and May before growing weakly in recent months.
    For the first 10 months of the year...
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