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