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Auto Market Sentiment Optimistic, Feb Sales To Rise

CHINA PRESS
MNI (BEIJING)

Demand expectations in the automotive market remain optimistic despite a fall in car sales during January, according to the China Automobile Dealers Association (CADA). A sentiment survey released by the CADA showed dealers expect sales volumes to increase in February as the economic recovery gathers pace and regional policies to promote consumption through continuing car purchase subsidies take effect. Tesla's decision to cut prices will also help stimulate demand. January’s fall in sales was attributed to disruptions caused by the Chinese New Year holiday, the association said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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