CHINA-ECONOMY: AUTO SALES DROP
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According to data released by the company Friday, overall sales in China fell 43% in September compared with the same month last year and were down 30% through the first nine months of 2018 compared with the same period in 2017. Sales for each of the company's Chinese partnerships fell for the month: Changan Ford Automobile sales were down 55% in September compared with 2017; Jiangling Motors Corporation sales declined 15%; Imported Ford sales fell 16% for the month and were down 15% year-to-date and the only Ford brand to see positive sales growth was Lincoln, with a 1% gain for September and a 4% gain year-to-date. The numbers, while more extreme, lined up with the general collapse in Chinese auto sales during the month. According to the China Association of Automobile Manufacturers, sales in the country tumbled 11.6% year-over-year in September, the largest drop in seven years.
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