Vehicle sales decline by 13.8% in February
By Li Fusheng | China Daily | Updated: 2019-03-12 07:22
China's vehicle market continued its downward spiral in February, as a result of the weeklong Spring Festival holiday that led to a lull in car sales and more importantly due to the spillover weaker demand from 2018, the China Association of Automobile Manufacturers said on Monday.
Statistics from the association show that February sales stood at 1.48 million, down 13.8 percent year-on-year, making it the eighth consecutive month of decline in the world's largest vehicle market.
Combined with January sales, a total of 3.85 million vehicles were sold, registering an even steeper fall of 14.9 percent from the same two months last year, and the bumpy start is likely to continue for a while.
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