The China Association of Automobile Manufacturers (CAAM) said that the number of automobiles sold in 2019 dropped 8.2 percent since the earlier year to come in at 25.77 million.
"We had high-speed growth for a consecutive 28 years, which was really not bad, so I hope everyone can calmly look at the market".
Despite the fact that the Chinese government has been rolling back its subsidy plan for electric cars, a senior official told an industry forum on Saturday that subsidies on new-energy vehicles will stay relatively stable this year and won't be scaled back significantly.
"They managed to stop the bleeding and increase average selling price", Bill Russo, head of Shanghai consultancy Automobility Ltd said when asked about Ford's 2019 sales results.
"The easing of trade tensions between China and the United States has also helped restore consumer confidence", said Mr Kang, who expects China vehicle sales to grow 0.05 per cent this year. Global automakers have been cautious with their predictions after cutting production, shutting factories and firing staff previous year.
Ford has pared losses in China, posting a $565 million loss for the first nine months of 2019, better than a loss of about $1 billion for the year-earlier period.
Video of Vince Vaughn chatting with Donald Trump sparks online anger
In October, DeGeneres was caught on camera sitting next to former President George Bush at an National Football League game. The clip quickly made its way to social media for dissection and debate - and Vaughn was soon trending on Twitter .
Historic day: Same-sex marriage now legally recognised in Northern Ireland
From Monday same-sex couples will be able to register to marry, meaning the first ceremonies will take place in February. Couples that have already married outside Northern Ireland will be recognised as such immediately.
Julian Edelman Arrested for Vandalism After Jumping on vehicle
Moments later, Edelman was in handcuffs after allegedly jumping on a Mercedes, damaging the car's hood. The Los Angeles District Attorney's office will decide to file charges against the Patriots star.
Ford has recently announced its plan to roll out over 30 new models in China over the next three years, out of which 10 will be electric vehicles.
Anning Chen, president and chief executive of Ford Greater China, described 2019 as "challenging", however, he pointed to strong gains by its Lincoln luxury brand and narrowing losses by its other brands in the final six months of 2019 as promising signs for 2020.
The company sold a total of 567,854 vehicles in 2019. Sales plunged 37% in 2018, following a 6% drop in 2019.
But it remained cautious about 2020, echoing bearish comments about sales in China from General Motors Co. GM sales in China peaked at just over 4 million units in 2017. In the fourth quarter of 2019, Ford's sales dropped 14.7%.
"The pressure from the external environment and downward trend of the industry volume will continue in 2020, and we will put more efforts into strengthening our product lineup with more customer-centric products and customer experiences to mitigate the external pressure and improve dealers' profitability".