Retail in Asia

In Sectors

China’s car sales likely rose in first 2 months

China’s car sales are expected to have rebounded last month following the biggest monthly drop in three years recorded in January, according to preliminary data from the China Passenger Car Association.

The data indicates that February shipments of new cars from manufacturers to dealers jumped by more than 25 percent compared with the same month a year ago, versus a year-on-year fall of 24 percent in January.

But the number of cars shipped in the first two months of this year was still below the 2.49 million cars delivered in the same period last year.

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(Source: scmp.com)