(MENAFN) Vehicle sales in China, the world's biggest auto market, dropped 0.86 percent y-o-y to 1.58 million units in February, from 7.7-percent gain logged through January.
According to the China Association of Automobile Manufacturers (CAAM) website, sales of passenger cars deteriorated 1.5 percent to 1.38 million in the previous month.
Basically, sales are traditionally distorted by the effect of the Lunar New Year holiday, which fell in February this year, plus customers often buy vehicles ahead of New Year.
However, New-energy automobiles sustained to gain popularity, as sales of pure electrics nearly tripled year on year to near 25,000 in the first two months, based on recent reports.
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