China Auto Sales Fall 14 percent in February, Mark Eighth Month of Decline

China Auto Sales Fall 14 percent in February, Mark Eighth Month of Decline
Newly manufactured cars are seen at the automobile terminal in the port of Dalian, Liaoning Province, China on July 9, 2018. Reuters
Reuters
Updated:

BEIJING—China’s automobile sales fell 13.8 percent in February from the same month a year earlier, the country’s biggest auto industry association said on March 11, marking the eighth consecutive month of decline in the world’s largest auto market.

The China Association of Automobile Manufacturers (CAAM) said sales fell to 1.48 million vehicles last month, after declines of 16 percent in January and 13 percent in December.