First two months of 2017 set uncertain tone for future sales
By Hao Yan | China Daily | Updated: 2017-03-13 06:54
Government's new tax deduction rate stalls industry growth after massive purchasing boom last year
The auto market may be signaling a shaky year after the government's eased tax deduction, and the industry may need to tackle issues under the hood for solid and healthy growth.
A total of 3.9 million passenger cars were sold in the first two months of 2017, breaking the bimonthly sales record of 3.6 million units of the same period last year for year-on-year growth of 6.3 percent, according to statistics released by the China Association of Automobile Manufacturers on Friday.
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