Auto sales continue downtrend in January
China’s auto market remained sluggish in January, with sales down nearly 16 percent year-on-year, data from the China Association of Automobile Manufacturers showed. China sold 2.367 million vehicles last month, while auto output reached 2.365 million units, down 12 percent from a year earlier. Passenger car sales fell for seven months straight, plunging nearly 18 percent year-onyear to 2.02 million units, marking the biggest drop since January 2012.