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China Jan vehicle sales edge up 0.2 pct y/y - industry body
February 13, 2017 / 6:14 AM / 10 months ago

China Jan vehicle sales edge up 0.2 pct y/y - industry body

BEIJING, Feb 13 (Reuters) - China auto sales edged up 0.2 percent in January from a year earlier to 2.52 million vehicles, the China Association of Automobile Manufacturers said on Monday, the weakest growth since last February.

That compares with a 9.5 percent increase in December and a 16.6 percent rise in November.

Several global automakers reported that growth slackened in January because of the Lunar New Year holiday and the reduction of a tax cut on cars with engines of 1.6 litres or below.

The association said last month it expects China vehicle sales to grow 5 percent in 2017, a marked slowdown from a 13.7 percent rise last year that was supported by a deeper tax cut on small-engine cars. (Reporting by Qiu Yifan and Jake Spring; Writing by Adam Jourdan; Editing by Stephen Coates)

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