Free Trial

Car Sales Will Remain Slow Over Short Term - Association

CHINA PRESS
MNI (BEIJING)

Chinese car buyers are expected to maintain a wait-and-see approach amid a new round of price competition between sellers, which was not conducive to releasing demand, according to the China Passenger Car Association. Data showed car sales in February hit 1.15 million units, down 43.5% m/m, as the spring festival impacted buying. Additionally, buyers concerns about battery life had increased due to recent cold weather and led to suppressed sales of NEVs. The association expects February to mark the yearly low point for car sales in 2024. (Source: Yicai)

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.