New-car sales slump 21% in Feb., trade group estimates

“πŸ“‰ New-car sales drop 21% in February, according to the China Automobile Dealers Association. Industrywide retail sales fell to below 1.1 million units. #autoindustry #salesslump”

Retail sales of new sedans, crossovers, SUVs and multipurpose vehicles industrywide skidded 21 percent to below 1.1 million last month, the China Automobile Dealers Association said, drawing on a preliminary tally.

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