Car sales continue to fall in Nov

China posted the third monthly decline in car sales this year in November, and analysts are forecasting that annual growth in car sales will decrease to a single digit for the first time in recent years.

Passenger car sales came to 522,800 units in November, down 10.28 percent from a year earlier, the China Association of Automobile Manufacturers said. Sedan sales slipped 10.94 percent year-on-year to 389,600 units.

Analysts agreed China will have to say goodbye to the 20 percent-plus growth rate in recent years, and said their expectation that sales and production this year will break the 10-million-unit barrier cannot be reached. Passenger car sales stood at 6.16 million units in the first 11 months.