As per the latest announcement from the Passenger Car Association, China witnessed a significant downturn in passenger car retail sales during February, with figures dropping to 1.043 million vehicles. This marks a substantial year-on-year decline of 25.9% and a notable month-on-month decrease of 33.1%. When examining the cumulative data from January to February, the total retail sales volume reached 2.602 million vehicles, reflecting an overall year-on-year decrease of 19.1%.
