industry executives also said chinas car sales in january and february tend to be affected by the lunar new year holiday around which consumers often hold off on carbuying decisions beijing chinas automobile sales fell 138 percent in february from the same month a year earlier the countrys biggest auto industry association said on monday marking the eighth consecutive month of decline in the worlds largest auto market the china association of automobile manufacturers caam said sales fell to 148 million vehicles that followed declines of 16 percent in january and 13 percent in december advt new energy vehicle sales in contrast rose 536 percent yearonyear in february it said the figures come as china plans billions of dollars in tax cuts and infrastructure spending to support an economy growing at its slowest pace in almost 30 years due to softer domestic demand and a trade war with the united states the government is now trying to persuade consumers to spend and has pledged subsidies to boost rural sales of some vehicles as well as the sales of new energy vehicles the sales picture from some chinese automakers has so far been mixed with great wall motor co ltd reporting 18 percent growth for february whereas geely automobile holdings ltd reported a 24 percent decline industry executives also said chinas car sales in january and february tend to be affected by the lunar new year holiday around which consumers often hold off on carbuying decisions the holidays dates change annually but tend to occur in either month this year it took place in the first week of february reuters published on mar 11 2019 at 1246 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app geely automobile china auto sales caam ev sales in china february 2019 sales homenewsindustrychina auto sales fall 14 pct in february mark eighth month of decline