China’s Car Sales Drop in March for 9th Month, Automakers Struggle with Huge Debts

A man takes a picture of a BMW "THE 7" during the first public opening day at the Beijing auto show in Beijing on April 27, 2018. AFP/Getty Images

China’s auto sales fell again in March, an industry group reported on April 12. Automakers and car dealers are also struggling with financial losses and huge debts.

Sales of SUVs, sedans, and minivans in the industry’s biggest global market fell 6.9 percent from a year earlier to just over 2 million, according to the China Association of Auto Manufacturers (CAAM).