China light-vehicle demand to fall for third year in 2020, forecast says

China light-vehicle demand to fall for third year in 2020, forecast says https://ift.tt/2PxEVN2

Sales will fall 2 percent to 25.3 million units in 2020, the China Association of Automobile Manufacturers predicted. That follows a drop of about 3 percent last year -- the first decline in decades -- and about 8 percent this year.