China's narrow passenger car sales reached 1.246 million units in February

In February, China's narrow passenger car sales reached 1.246 million units, down 40% month-on-month due to the Spring Festival holiday, but up 4.2% year-on-year. Cumulative sales from January to February were 3.324 million units, down slightly year-on-year. The China Passenger Car Association predicts that passenger car retail sales are expected to grow by 5% and wholesale sales by 10% in 2022.