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CAAM: zero growth for auto sales in 2019, NEV sales to hit 1.6 million units

CHANGSHA, Hunan – As the industry braces for its first negative growth in 28 years, China Association of Automobile Manufacturers (CAAM), which reports official monthly vehicle output and sales, has provided its outlook on the market in 2019: zero growth.

The forecast was made at the Association’s 2019 China Automobile Market Development & Forecast Summit here on December 13.

According to the 2019 Market Forecast Report presented by Xu Haidong, assistant to secretary general of CAAM, auto sales next year will reach 28 million units, flat over 2018, which

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