BEIJING/SINGAPORE—Auto sales in China may skid to 26 million this year, a drop of around 8 percent, a senior industry executive warned, as the world’s largest auto market braces for a second year of contraction amid slowing economic growth and tighter vehicle emissions standards.
The latest prediction, by Fu Bingfeng, executive vice chairman of the China Association of Automobile Manufacturers (CAAM), is lower than the group’s previous forecast for a 5 percent drop, issued in July.
