Sales of cars declined by 23.8% in January from a year earlier to 1.16m, according to data issued by the China Association of Automobile Manufacturers (CAAM).
The fall appears to have been partly driven by the timing of the annual Chinese (lunar) new year holiday when around five working days were lost.
The CAAM forecasts that the annual sales of vehicles in China will be around 20m units in 2012, growing at a rate of about 8%.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
