China’s auto sales jump nearly four-fold in Feb ’21

China’s automobile industry sales volumes are expected to have reached 1.452 million units in Feb’21, witnessing a four-fold jump from CPLY. Despite the rise in y-o-y, the m-o-m auto sales fell 42% compared to Jan’21, according to the China Association of Automobile Manufacturers (CAAM). The main cause behind the decline was the halted business activity due to the Chinese New Year holiday.