BEIJING—China is likely to see vehicle sales drop again this year as opposed to earlier expectations for zero growth, the country’s biggest auto industry association said on July 10, after it unveiled data showing the sector contracted for a 12th straight month in June.
The lower forecast by the China Association of Automobile Manufacturers (CAAM) comes amid a spate of downward revisions by industry experts, triggered by a prolonged and increasingly pronounced sales slump in the world’s top auto market.
