China Feb vehicle sales down 0.9% y-o-y

[BEIJING] Vehicle sales in China fell 0.9 per cent in February from a year earlier to 1.6 million vehicles, the China Association of Automobile Manufacturers said on Thursday.

That compares with 7.7 per cent year-on-year growth in January, and a 15.4 per cent rise in December.

For the first two months of 2016, sales grew 4.4 per cent compared with the same period a year earlier, the association said at a briefing in Beijing. In January it said it expects vehicle sales to grow 6 per cent this year.

REUTERS