China’s January-February Car Sales Rise 6.3% on Purchase Tax Cut

China’s passenger-vehicle sales rose 6.3 percent in the first two months of this year, buoyed by a cut in the purchase tax for vehicles with smaller engines.

Deliveries climbed to 3.72 million units in the January-to-February period, according to the China Passenger Car Association. Sales for the first two months are typically counted together because of the impact of the weeklong Lunar New Year holidays.

— With assistance by Tian Ying

Before it's here, it's on the Bloomberg Terminal. LEARN MORE