Passenger vehicle sales in China totaled 2.26 million units in the first two months of 2011, a decline of 1.4 percent from a year ago, according to data from the China Passenger Car Association.
Passenger vehicles include cars, sport-utility vehicles, multi-purpose vehicles and minivans.
"The market demand weakened as policymakers rolled back some incentives," said Rao Da, secretary general of the association. "The continued increase in fuel prices also mounted pressures on potential buyers." |