"Described as the “worst car-market slump in a generation", retail sales of light motor vehicles in China, fell 16.6% to 1.54 million units in April, as per the China Passenger Car Association. This follows a 12% decline in March and an 18.5% drop in February. Evidently, shoppers are pushing back purchasing in anticipation of government incentives which will look to stimulate the market, particularly with local brands taking a beating. As current trade faceoff with the US intensifies, it is unlikely that we will see any positive signs for the auto market in the first half." – Vinay Piparsania