Chinese auto sales take unexpected September slide amidst anti-Japan sentiment
While analysts in China expect market share to shift from Japanese brands to automakers like General Motors, Hyundai and Volkswagen, the Chinese Association of Automobile Manufacturers expects October to be another down month.
Anti-Japanese riots recently broke out in China, with demonstrators targeting Japanese businesses and products with violence. Since then, buyers have participated in boycotting Japanese goods, including large items like cars and SUVs. Sales of Japanese vehicles fell by 41 percent to 160,000 units last month alone, slicing market share from 20.5 percent this time last year to 12.2 percent.
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