Sales loosing steam as fuel prices rise

Demand in February fell 34 percent, partly due to Spring Festival holidays

Vehicle sales in China lost steam in February following a strong January, but they continue to perform better than the same period last year.

Sales of light vehicles totaled 1.2 million units, up 6 percent from the same period last year. Passenger vehicle sales rose 9 percent to 814,000 units, while light commercial vehicle sales grew nearly 1 percent to 396,000 units.