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CPCA Expects CN Feb Car Mkt Sales to Hit Absolute Trough of Yr
Recommend 25 Positive 60 Negative 19 |
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This year, February has only 16 working days, and the Spring Festival has a historically long 9-day holiday, meaning there will be three fewer working days compared to the 19 working days in February 2025, said the China Passenger Car Association (CPCA). Due to the weaker car consumption before and after the Spring Festival holiday, the CPCA pointed out that most car makers will take additional days off around the Spring Festival. As a result, the effective production and sales time in February is very short, and it is likely that February's car market sales will be at the absolute trough of the year, which may help alleviate inventory pressure at the retail end. AAStocks Financial News |
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