Chinese new-vehicle sales in February slipped 0.4% to 880,027 units from year-ago, the China Passenger Car Assn. says, but were down 37.3% from January. The government-owned China Daily newspaper says February marked the country’s first year-on-year sales decline in more than two years. “The stagnancy of the automobile market in February is reasonable, but it will lead to a downtrend in the coming months,” CPCA Secretary General Rao Da is quoted as saying. Rao warns against “being ...
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