BEIJING, March 11 (Reuters) – China’s auto sales, including shipments abroad, fell 15.4% in February from a year earlier, the biggest decline since February 2024, as seasonal factors aggravated a downtrend in the world’s largest auto market, where reduced incentives weigh on demand.
Sales at home plunged 34.2% to 0.95 million vehicles, dampening a rise of 58% in exports which totalled 0.59 million units last month, data from the China Association of Automobile Manufacturers showed on Wednesday.
Automaking and other economic activities are subject to big swings in the first two months, due to shifts in the timing of Lunar New Year holidays.
Domestic car sales and exports were down 10.7% in the first two months.
(Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; Editing by Clarence Fernandez)
