China’s Auto Sales Fall 5.8% in October

China’s Auto Sales Fall 5.8% in October
Wang Chuanfu, chairman and president of BYD Auto, the biggest global electric brand by sales volume, prepares to show the latest cars during the Auto Shanghai 2019 show in Shanghai on April 16, 2019. Ng Han Guan/AP
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BEIJING—China’s auto sales fell 5.8 percent from a year earlier in October as demand for electric cars plunged, an industry group reported on Nov. 11, extending a painful squeeze in the global industry’s biggest market.

The Chinese auto market is on track to contract for a second year, dragged down by weak demand in the face of cooling economic growth and a tariff war with Washington.