Info from the China Passenger Car Association (CPCA) comes via Reuters.
China's passenger car sales slumped 38% in January
reversing a 2.4% gain in the previous month
demand weakened after a tax cut on combustion engine cars and subsidies on electric vehicles (EV) expired
Lunar New Year was also cited, a full week of the Lunar New Year holiday in the month, making it a quieter January compared with the previous years.
