China’s automobiles sales in Feb’24 declined by 19.9% y-o-y to 1.584 million units as per data from the China Association of Automobile Manufacturers (CAAM). Moreover, sales saw decrease of 35.1% m-o-m against 2.439 million units in Jan’24, respectively. Meanwhile, auto production and sales for Jan-Feb’24, rose by 8.1% and 11.1% y-o-y to 3.919 and 4.026 million units.
