China Car Sales Slow in January

Passenger car sales in China slowed in January as tax breaks for fuel-efficient cars ended and over-congested cities tightened the number of new license-plate registrations in order to reduce pollution.

According to a recent report released today Shanghai-based China Passenger Car Association, sales of passenger cars fell 10.3 percent in January from the month before, to 965,238 units. However, on an annual basis, sales rose 12.6 percent.

"Of course the withdrawal of financial incenti...

Source: http://www.autoevolution.com/news/china-car-sales-slow-in-january-31223.html

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