China Car Sales Fall By 13.8% In February
China’s automobile sales fell 13.8 per cent in February from the same month a year earlier, the country’s biggest auto industry association said on Monday, marking the eighth consecutive month of decline in the world’s largest auto market. China auto sales fall 14% in February, mark 8th month of decline Source: Reuters The China Association of Automobile Manufacturers (CAAM) said sales fell to 1.48 million vehicles last month, after declines of 16 per cent in January and 13 per cent in December. Reuters report that sales of new energy vehicles, such as electric cars, rose 53.6 per cent year-on-year in February, the group said. “The trend experienced last year has continued into this year, and the economic situation has also been weak. This has dragged down consumption,” CAAM’s Deputy Secretary General Shi Jianhua told reporters at a news briefing in Beijing. “Consumers are also waiting for more government policies,” he said. China plans billions of dollars in ...