Posted on

Picking Winners in China’s Car Market Crash

Share

The world’s largest car market continues to skid. Investors should focus on those brands that have managed to steer clear of the wreck.

China’s auto sales fell 8.2% in 2019, the second straight year of decline, according to the China Association of Automobile Manufacturers. The wheels have even come off electric cars, which used to be a bright spot, since the government slashed subsidies in June. Sales of so-called new-energy vehicles, which include plug-in hybrids, dropped 4% in 2019, compared with a 62% rise the year before.

Source: WSJ.com: Markets