Car Sales To Rebound In February - Securities Daily

China's car sales will rebound in February following a drop in sales during January, as local governments and car companies increase purchase incentives and Lunar New Year festival disruptions subside, according to the Securities Daily. The paper said after the central government ended subsidies on new energy vehicles at the start of this year, many local governments have stepped in with purchase incentives to stabilise market demand. Additionally, the car market in China has far from peaked, as a strong backlog of new drivers are set to enter the market. Citing experts, the paper said measures should be taken to accelerate the pace of car exports, and enhance the global competitiveness of China’s new energy vehicle industry.