China Jan car sales down 23.8 pct yr-on-yr -official data

Newswire

BEIJING, Feb 9 (Reuters) - Car sales in China fell 23.8 percent in January from a year earlier to 1.16 million, the official China Association of Automobile Manufacturers (CAAM) said on Thursday. That compared with a year-on-year rise of 4.6 percent in December 2011 to 1.37 million cars, CAAM data showed. China's once-booming car market cooled to a 5.2 percent annual gain last year, after jumping 33 percent and 53 percent respectively in 2010 and 2009. The slowdown has been attributed to a ...

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