Hyperdrive
China Car Sales Slump on Holiday Lull, Drivers Awaiting Rebates
- February shipments down 15.7%, according to preliminary data
- Consumers may delay purchases as EV price war continues
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China’s auto sales are expected to decline this month due to disruption from the Lunar New Year holiday and customers holding out for more price cuts.
Vehicle shipments are projected to drop 15.7% in February from the same period last year, according to preliminary data released Thursday by China’s Passenger Car Association. Demand for electric vehicles is also slowing.