General Motors has suffered a second straight year of falling sales in China—and it doesn’t see things turning around quickly
Updated Jan. 7, 2020 8:16 am ET
General Motors Co. posted its biggest ever sales decline in China last year and warned of another tough year ahead, underscoring the challenges that U.S. car makers are facing as the world’s largest auto market suffers its first protracted decline in nearly three decades. GM said Tuesday that it sold more than 3.09 million vehicles last year in China, its biggest overseas market, roughly a 15% drop from 2018. It was the second straight year of falling sales in China. In 2018, sales slumped by about 10%—its first ever decline.
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