China’s Auto Sales Face More Bumps Ahead

China’s Auto Sales Face More Bumps Ahead
Men visit an electric automobile dealership in Shanghai, China on Jan. 11, 2017. Aly Song/Reuters
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BEIJING/SHANGHAI–China’s auto sales could experience negative to low growth over the next three years, an official with the country’s top industry association said, after sales fell for a 14th consecutive month in August.

The number of new energy vehicles (NEVs) sold contracted for the second month in a row, data from the China Association of Automobile Manufacturers (CAAM) showed.