BEIJING — China’s vehicle sales will decline for a third straight year in 2020, an industry body predicted, bringing more pain to global carmakers awaiting an end to the historic slump in the world’s biggest market.
Sales will fall 2 percent to 25.3 million units in 2020, the China Association of Automobile Manufacturers predicted Thursday. That follows a drop of about 3 percent last year — the first decline in decades — and about 8 percent this year.
“There are still no signs of recovery,” Luo Lei, a deputy secretary general of CAAM, said at the group’s event in Changsha, China.
