China's January Car Sales Up 48% From Last Year, But Down 23% Over December Sparking Concerns – CarScoops

A weak economy and a month-to-month drop in sales leads to concerns for Chinese auto sector

January presented a mixed picture for China’s automotive sector. While overall sales surged by 47.9 percent compared to January 2023, manufacturers remained cautious as sales fell short of expectations and declined compared to the previous month, marking the first decrease since August.

The nation’s automakers managed to sell 2.44 million vehicles (including…