China Passenger Car Association expects February passenger car retail sales to increase by 377.0% y/y to 1.19 million units

On February 22, the China Passenger Car Association (CPCA) announced that retail sales of passenger cars (including sedans, SUVs, MPVs but not minivans) in February were expected to reach 1.19 million units, with y/y growth of 377.0%.
According to CPCA, automotive consumption experienced restorative growth in Februa....

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