China’s auto sales fell for an eighth month in January, extending a painful decline for the biggest global market as demand cooled amid a slowing economy and tariffs standoff with the U.S.
Purchases of sedans, SUVs and minivans fell 15 percent from a year earlier to just over 2 million vehicles, according to an industry group, the China Association of Automobile Manufacturers.
Cooling growth and trade tensions with Washington are prompting jittery buyers to put off purchases.
The slump is a setback for global automakers that are looking to China to drive revenue and are spending heavily to meet Chinese government targets to develop electric vehicles.
