BEIJING | China auto sales fall in October for 4th month

BEIJING | China auto sales fall in October for 4th month

BEIJING  — China’s auto sales sank for a fourth month in October, tumbling 13 percent from a year earlier, an industry group reported Friday, adding to an unexpectedly painful downturn for global automakers in their biggest market.

Sales of SUVs, sedans and minivans in the crowded, competitive market contracted to just over 2 million units, the China Association of Auto Manufacturers reported.

The slump hit at an awkward time when global automakers and local rivals are pouring billions of dollars into meeting government targets to ramp up sales of electric models that for many might not be profitable for years.

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