BEIJING—Chinese car sales dropped for a second consecutive year in 2019 but likely bottomed out, an industry group said. The number of passenger vehicles sold in the world’s largest auto market slipped to 20.7 million, down 7.4% from 2018, according to data released Thursday by the China Passenger Car Association, a trade organization of large foreign and domestic car makers and dealers. That exceeded the 5.8% drop in 2018. December...

Source: Wall Street Journal January 09, 2020 08:26 UTC